City Beijing Financial News

13.01 / 20:19

markets UPS Provident Manufacturing show reports China's electric car sales grow in 2024, as sales of gasoline cars plunge

Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged

13.01 / 09:01

Target Citizens security War Inside information Beijing’s espionage campaign against the West

Subscribe to enjoy similar stories. When a state-sponsored Chinese hacker breached the Treasury Department’s Office of Foreign Assets Control, it allowed the Communist Party to access sensitive information with significant strategic implications. It’s the latest example of Beijing’s espionage campaign against the West, which runs deeper and is far more dangerous than the Soviet efforts of the 20th century.

13.01 / 07:25

markets UPS Manufacturing economy Trade show reports trump tariffs China’s export boom means Trump tariffs would hit Beijing where it hurts

Subscribe to enjoy similar stories. China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump.

12.01 / 19:37

Cooper Extreme security FLEX President country reports Indonesia and Japan promise deeper defense and economic ties as regional tensions spike

Japan and Indonesia have pledged to deepen economic and defense ties during a visit by the Japanese prime minister

12.01 / 10:29

markets UPS security TikTok Xiaomi show innovations The US-China decoupling in the tech sector is hurting both countries

Subscribe to enjoy similar stories. A messy tech breakup between the US and China is forcing a rethink about what the industry might look like for consumers in a decoupled world. Last week, the Pentagon blacklisted internet and gaming giant Tencent Holdings Ltd for alleged links to China’s People’s Liberation Army.

11.01 / 18:17

markets Cooper Strategy country reports 'All-weather' allies Pakistan, China vow to further deepen ties, renew commitment for CPEC 2.0 development

China Pakistan Economic Partnership, according to media reports on Saturday. The development came during the fourth round of Pakistan-China Bilateral Political Consultations (BPC) in Beijing on Friday, according to Geo News. Foreign Secretary Amna Baloch led the Pakistan delegation, while Vice Foreign Minister Sun Weidong led the Chinese side. The meeting reviewed the entire spectrum of practical cooperation between the two countries, focusing on the projects driving the high-quality development of CPEC 2.0.

11.01 / 17:15

Cooper security economy Trade country travelers strain Britain’s Treasury chief kicks off China visit

Britain’s Treasury chief has kicked off a China visit aimed at boosting economic and financial cooperation between the countries, as the U.K.’s Labour government seeks to reset strained ties with Beijing

11.01 / 12:55

UPS Waters country Department prevention International Iran races to sell oil stored in China

Subscribe to enjoy similar stories. Iran has shipped nearly 3 million barrels of oil from a storage site in China, people familiar with the matter said, in a bid to raise funds that could be used to shore up Iran’s allied militia groups in the Middle East. The oil is from a stockpile of at least 25 million barrels that Iran sent to China in late 2018, when it feared the imposition of new sanctions by the first Trump administration would prevent the country from exporting oil, those people said.

11.01 / 04:27

Cooper SPY Trade country reports travelers UK Treasury chief heading to China to revive suspended economic and financial talks

Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.‘s Labour government seeks to reset frayed ties with Beijing

10.01 / 14:21

COST UPS cover UK gilt yields creep up to 2008 levels as Reeves heads to China

Chancellor Rachel Reeves was criticised for being «missing in action» as she flew to Beijing for meetings with Chinese government officials and businesses on Thursday (9 January), leaving Treasury secretary Darren Jones to face questions in parliament over surging borrowing costs and demands for spending cuts. Analysts split over Reeves' culpability in UK gilt chaos as US bonds follow suit Jones defended his boss to the Commons and told the House she would not break her promise to borrow money only for investment, or to cover day-to-day spending. Long-term yields on UK government d...

09.01 / 18:15

markets Digital Strategy Trade PAM Investigations China finishes EU probe report, hints at 'retaliatory measures'

China said the European Union's measures to shield its companies from foreign subsidies are a barrier to trade and investment, marking the latest clash in the ongoing trade dispute between the two sides.

08.01 / 11:01

UPS Waters Mobile economy Trade reports China expands consumer subsidies to boost spending as tariff risk looms

Subscribe to enjoy similar stories. China is widening the scope of its consumer goods trade-in program this year, as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth. The National Development and Reform Commission, China’s top economic planner, said Wednesday that the government will include more products in its home appliance trade-in program in 2025, extending state subsidies to microwave ovens, water purifiers, dishwasher and rice cookers.

08.01 / 05:33

WhatsApp Virus country hospital reports testing HMPV: 6-month-old child tests positive for the virus in Mumbai

HMPV), which has been in the news after Chinese authorities reported a surge in cases in Beijing. Doctors at Hiranandani Hospital in Powai on Tuesday told TOI that they notified the local civic office about the HMPV case confirmed on Jan 1, but BMC health officials at the civic health headquarters, which is in Parel, said they had not yet received any such report.

08.01 / 05:11

Target security economy Remark Trade reports Investigations Xi Jinping muzzles Chinese economist who dared to doubt GDP numbers

Subscribe to enjoy similar stories. At a Washington forum last month, a prominent Chinese economist raised doubts about Beijing’s economic management and said China’s economy might have grown at less than half the roughly 5% pace flaunted by authorities. When Xi Jinping found out, he was furious.

08.01 / 02:21

Target Platform security TikTok information reports Courts Banning TikTok won’t solve your data-security problem

Subscribe to enjoy similar stories. During last year’s presidential campaign, Kamala Harris regularly posted on TikTok, encouraging voters to follow her on the platform, as did Joe Biden before he withdrew. Yet the Biden Justice Department is set to argue before the Supreme Court this week that the popular Chinese-owned social-media app, used monthly by around 170 million Americans, represents a grave threat to our national security.

07.01 / 23:23

markets COST Digital Strategy Apple Experts PAM Donald Trump to impose 60% tariffs on Chinese products? Xi Jinping could retaliate by doing this and it could prove costly for the West

China is preparing to impose some new export restrictions on specific critical technologies used in the production of electric vehicle (EV) batteries while including those for processing lithium and gallium.

07.01 / 08:13

markets Digital Strategy Everest Experts PAM reports China shuts down Mt Everest scenic area after 6.8-magnitude quake hits Tibet

Mt Everest, also known as Mount Qomolangma, following a 6.8-magnitude earthquake that jolted Dingri County in the Tibet Autonomous Region on Tuesday. Dingri is home to the base camp of the world's highest peak.

07.01 / 05:47

Aviat Trade social inclusion reports Department International Pentagon labels more Chinese companies as military in nature

Subscribe to enjoy similar stories. The Pentagon on Monday added a number of well-known Chinese businesses to a list of companies it identifies as military in nature, including some of the country’s largest internet, battery, science and shipping firms. The additions to the Defense Department’s list of “Chinese military companies" reflects its assessment that China fuses commercial and military technology.

07.01 / 03:39

markets Manufacturing Apple President country reports prevention While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country

BEIJING — Huawei spinoff Honor announced Tuesday it plans to launch smartphone sales in Indonesia by the end of March, becoming the latest Chinese company to enter a market that has banned Apple's iPhone 16 over domestic production requirements.

06.01 / 08:51

UPS Provident Target security country Department Beijing-based cyber group protests US sanctions for its alleged role in hacks

China has slammed a decision by the U.S. Treasury to sanction a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical U.S. infrastructure

06.01 / 03:01

Citi Provident Racing country International China's Pony.ai eyes robotaxi services in Hong Kong, joining Baidu

Pony.ai Inc is seeking to launch its robotaxi services in Hong Kong, joining Baidu in a race to provide services in the city, as the autonomous driving firm looks to expand its operations globally.

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