City Beijing Financial News
18.11 / 06:07
17.11 / 07:09
Ray Dalio's Bridgewater is reportedly looking to raise $469 million in new China fund
BEIJING — American hedge fund manager Ray Dalio is launching a new China fund through a local subsidiary, according to a report in China's Securities Times, citing sources.
17.11 / 06:07
boost
Will China's new rules actually boost a few, select stocks? Morgan Stanley says yes, and it's naming them
As Beijing's new regulations put global investors on edge, Morgan Stanley analysts have picked some stocks they think will benefit from those changes.
16.11 / 05:07
Remark
Tencent
Baidu
Biden, Xi kick off virtual meeting with calls to increase communication
BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping kicked off a virtual meeting on Tuesday with a positive tone and cordial remarks.
15.11 / 11:51
China Posts Robust Growth in Factory Output and Consumer Spending
BEIJING—Chinese factory activity and consumer spending were surprisingly robust in October, official monthly figures showed Monday, though fresh signs of weakness in the property sector underscored concerns for the outlook of the world’s second-largest economy.
12.11 / 14:53
FIVE
HANS
Power
China slams U.S. democracy as a 'game of the rich,' at an event promoting Xi's growing power
BEIJING — A top Chinese official issued a rare criticism of the U.S. and Western democracy during a high-profile political press conference Friday.
11.11 / 12:39
Evergrande swerves default again as Chinese developers rally
Stocks and bonds of Chinese developers jumped on signs that Beijing could moderate its tough stance on the beaten-down property sector, while sector heavyweight China Evergrande again averted default by making another set of last-minute bond payments.
10.11 / 09:05
COST
China’s Factory Inflation Grows at Record Pace on Soaring Energy Prices
HONG KONG—China’s factory-gate prices surged at a record pace in October due to higher energy costs, adding to anxieties that global inflation will persist while constraining Beijing’s ability to stimulate the nation’s economy.
10.11 / 07:29
Reuters
Cooper
Remark
Xi says China is ready to work with U.S. on condition of 'mutual respect'
BEIJING — Ahead of an expected virtual meeting with U.S. President Joe Biden, Chinese President Xi Jinping said the country is willing to work with the U.S. — on condition of mutual respect.
09.11 / 04:25
FIVE
Progressive
Fallout
Moodys
China's property market could see more pain, even as Evergrande crisis seems to be abating
BEIJING — Worries about Chinese real estate developers' high debt levels have rattled investors despite signs that property giant China Evergrande may be making progress on resolving its debt problems.
03.11 / 21:12
MEPs defy Chinese pressure with visit to Taiwan
In a defiant move against China, seven members of the European Parliament have landed in Taipei for a three-day official mission to discuss disinformation and foreign electoral intervention.
03.11 / 06:41
COST
Volkswagen
Tesla
Consumers in China pick their 3 favorite electric cars — and only one is Chinese
BEIJING — When it comes to their favorite electric car brand, Chinese consumers' top choice is Warren Buffett-backed BYD, according to a survey by Bernstein.
02.11 / 14:13
Citi
Aviat
DAX
restrictions
COVID restrictions
Half of Beijing's flights are cancelled as China's capital city tightens Covid restrictions
BEIJING — About half the flights to and from Beijing's two airports were cancelled Tuesday as the capital tightened travel restrictions after a trickle of new cases in the city and other parts of the country in the last few days.
02.11 / 11:27
Lowe's
Target
Manufacturing
China's coal shortage eases after Beijing steps in, report says
BEIJING — China's coal shortage is easing thanks to new government policies, the Commonwealth Bank of Australia said in a note Tuesday.
31.10 / 06:21
COST
Manufacturing
China’s Manufacturing Activity Contracts for Second Straight Month
BEIJING—A contraction in China’s factory activity worsened for a second straight month in October, adding evidence that growth momentum has weakened as the country’s vast manufacturing sector is weighed down by soaring raw material costs, a widespread power crisis and a sharp slowdown in the property sector.
29.10 / 06:03
UPS
Waves
Amazon
Platform
Alibaba is ramping up in Europe, and is already ahead of Amazon in one region
BEIJING — Alibaba is investing further in Europe for Singles Day this year, as the Chinese tech giant competes with Amazon for the European Union's exploding e-commerce market.
28.10 / 07:23
COST
UPS
NOT
China is ramping up coal imports from Russia — but not Australia
BEIJING — As China tries to resolve its power shortage, the country is also ramping up its coal imports — bringing in three times as much coal from Russia compared to last year, China customs data show.
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