City Beijing Financial News
12.04 / 09:25
UPS
Reuters
Gap
Strategy
In the U.S., consumers are paying more for everything. In China, the inflation problem is very different
BEIJING — Persistent inflation in China narrows the window for when the People's Bank of China can cut interest rates and support growth, economists said.
08.04 / 10:41
CBDC
Adoption
WeChat
WeChat Pay to Offer Digital Yuan Payment Options as China’s CBDC Pilot Expands
The Chinese e-pay platform WeChat Pay has unveiled a digital yuan interoperability solution that will allow users of the service to make payments in the central bank-issued token.
06.04 / 09:33
Citi
Southern
services
China’s Services Sector Posts Steepest Decline Since Pandemic’s Start
SINGAPORE—Activity in China’s services sector tumbled in March at its fastest pace since the onset of the Covid-19 pandemic, as lockdowns aimed at smothering outbreaks in major cities kept millions at home and pummeled consumer spending.
01.04 / 19:59
Health
Refugees
Ukraine war: EU urges China to stay neutral but without securing any guarantees
EU leaders warned China not to support Russia's invasion of Ukraine but failed to secure a pledge of non-interference in the war.
01.04 / 16:24
01.04 / 16:24
01.04 / 09:31
01.04 / 08:43
Waves
Manufacturing
Tencent
businesses
Here's how China's latest Covid lockdowns have affected American businesses in the country
BEIJING — China's worst Covid wave since the initial shock of the pandemic has cut into annual revenue projections for roughly half of American businesses in the country, a survey showed Friday.
01.04 / 08:29
Centre
'The million dollar question': Ukraine war poised to take centre stage at tense EU-China summit
Russia's invasion of Ukraine is set to take centre stage during a virtual high-level meeting between EU and Chinese leaders on Friday, that comes on the heels of months of strained relations.
31.03 / 10:55
UPS
Citi
As the pandemic enters its 3rd year, more Chinese people say they'd rather save than spend
BEIJING — Chinese consumers are becoming more cautious than they were near the start of the pandemic, according to a survey by the People's Bank of China released Wednesday.
31.03 / 07:07
UPS
Citi
Strategy
businesses
China's zero-Covid policy tests small businesses in a make-or-break it year
BEIJING — While China tries to shake off omicron, the country's zero-Covid policy of swift lockdowns sets small businesses up for a third year of stop-and-start uncertainty.
30.03 / 08:21
Ukraine war live: Russian troop withdrawal 'designed to mislead' says Ukraine military
With Russia's war in Ukraine into its second month, there has been movement at peace talks in Turkey.
30.03 / 07:21
UPS
Citi
Citizens
China's rich are moving their money to Singapore. Beijing's crackdown is one of the reasons.
More and more wealthy Chinese are worried about keeping their money on the mainland and some see Singapore as a safe haven.
29.03 / 14:27
Citi
Target
Booking
Manufacturing
China's factories were hit harder this quarter than last year as Covid drags on, survey says
BEIJING — Manufacturing, one of the main drivers of China's growth since the pandemic began, saw slower growth in the first quarter, according to an independent survey by China Beige Book.
29.03 / 12:15
Citi
Dash
Domino's Pizza China operator files for Hong Kong listing
BEIJING — The operator of Domino's Pizza stores in China, DPC Dash, applied Monday to go public on the Hong Kong stock exchange, according to an online filing.
26.03 / 18:19
Blockchain
Digital
Racing
Winter Olympics
Bitcoin
Here’s how China is still leading the crypto race with its latest hiring spree
The highly anticipated Beijing Winter Olympics have come and gone, and the soft launch of China’s CBDC, the e-CNY, had a very frosty reception at the event marked by international boycotts. That being said, it seems that China is just getting started.
23.03 / 13:01
Airlines
Boeing
Southern
Black box found from Boeing passenger jet that crashed in China, state media says
BEIJING — One of the two black boxes containing data from Monday's China Eastern Airlines plane crash has been found, Chinese state media said Wednesday.
23.03 / 09:05
Citi
FIVE
SEC
TikTok
Chinese stocks may start exiting the U.S. in two years, warns Asian Corporate Governance Association
The delisting of U.S.-listed Chinese stocks may come in the next two to three years, according to Jamie Allen of the Asian Corporate Governance Association.
23.03 / 08:27
Aviat
Airlines
Boeing
plane
China Boeing 737 plane crash: No survivors found; search for black box continues
BEIJING — Rescue workers haven't found any survivors from this week's China Eastern Airlines crash and the hunt for the black box continues, authorities said late Tuesday.
22.03 / 16:01
Helena Morrissey redoubles China warnings over Russia links: Investors risk ‘being on the wrong side of history’
Baroness Helena Morrissey urged investors to stop buying stakes in Chinese companies, claiming they risk “being on the wrong side of history” if Beijing lends its support to Russia’s invasion of Ukraine.
22.03 / 13:39
Tencent
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure.
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