City Beijing Financial News

Subscribe to enjoy similar stories. Three-quarters of a century after freedom from British rule, Nehruvian policies continue to animate debates on the extent to which they aided or hobbled the emergence of India’s economy. Even before we made a decisive shift in 1991 to reduce the state’s role, a leftist critique sought to skewer the policy choices of our formative years for investing in elite education at the cost of mass learning.

Thousands of giant panda sculptures will greet residents and tourists starting on Saturday in Hong Kong, where enthusiasm for the bears has grown since two cubs were born in a local theme park

Subscribe to enjoy similar stories. Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. Owners of a new iPad might be surprised to learn one of the answers: China’s biggest electric-vehicle maker.

Taiwan President Lai Ching-te was feted with a red carpet, garlands of flowers and «alohas» as he kicked off his two-day stopover in Hawaii on Saturday, part of a Pacific tour that has sparked fiery rhetoric from Beijing. China claims Taiwan as part of its territory and has responded to Lai's first overseas trip as president with threats to «resolutely crush» any attempt for independence. Looking relaxed in a Hawaiian shirt, Lai flitted around the US island state, visiting a Pacific island history museum, an emergency management centre and the USS Arizona Memorial in Pearl Harbour.

Many older Chinese are looking beyond traditional care homes, worried about abandonment and quality issues

Six years after Donald Trump started the first trade war with China, the US president-elect has named a series of China hawks to his administration and threatened 60% tariffs on Chinese goods, a level that would decimate trade between the two countries. The dilemma for China now is that its sizable trade surplus with the US means any direct countermeasures may have limited impact. China has already shown a willingness to use some asymmetrical steps against tariffs and trade restrictions from both the Trump and Biden administrations. Should the new threats become policy, Beijing may have to reach further into its arsenal, risking a conflict that could be even harder to contain.

Asian shares are mixed after U.S. markets were closed for the Thanksgiving holiday

Zhang, 71, has found joy and new friends at the «elderly university» in Beijing. Besides African drums, the former primary school teacher joins social dance classes, paying about 2,000 yuan ($280) for two courses this semester. Seeing herself standing tall in dance class boosts her confidence. After class, she hangs out with her friends. «When we get old, what do we need?» she said. «To love ourselves.»

Subscribe to enjoy similar stories. In the early 20th century, as air power advocates worked to understand the emerging role of aircraft in conflict, Brigadier Gen. William Mitchell conducted a series of tests.

BEIJING — China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening.

Subscribe to enjoy similar stories. China’s massive stimulus hasn’t revived its economy but its stock markets have been kicked higher. Investors now have to navigate economic uncertainty and the challenges of U.S.

Miao joins a host of high-ranking figures, including two former defence ministers, to fall foul of a sweeping crackdown in the country's military in just over a year. Analysts say corruption may have eroded Chinese combat readiness — raising fears in Beijing as it conducts its largest military build-up in decades.

General Zhang held a one-on-one meeting with Army Chief Gen Asim Munir on Wednesday, followed by delegation-level discussions. According to the statement, the engagements focused on «matters of mutual interest, regional security dynamics, measures for regional stability, and enhancing bilateral defence cooperation.»

Donald Trump loved to use tariffs during his first presidency

U.S. President-elect Donald Trump has threatened to sharply raise tariffs on all Chinese imports and close some loopholes Chinese exporters currently use to sell their products more cheaply in the U.S. If enacted, his plans would likely raise prices in...

Other than the need to import gold and oil, the heart of our trade deficit stems from imbalanced trade with Asian economies. Of these, the biggest is our trade deficit with China, at over $83 bn a year. Our industrial machine can’t compete with the Chinese one as they sell to us 6× what we sell to them. Is this all a result of free trade? Not quite. What really exists are state-backed national manufacturing systems that compete for the best industries in the world economy. And that is where China, along with other East Asian nations, has had tremendous success.

Tim Cook joined more than 20 corporate leaders in discussions with China’s premier Monday, as global companies grapple with potential trade disruptions and economic uncertainty. Cook, who’s visiting the country for at least the third time this year, joined top executives of global firms including Rio Tinto Plc, Corning Inc. and Charoen Pokphand Group in a meeting with Li Qiang, according to people familiar with the matter, who asked not to be identified discussing a private session. Chinese corporate chiefs including the heads of Lenovo Group and ICBC also attended the discussions focused on supply chain and trade issues, according to a guest list seen by Bloomberg News. The event comes ahead of a supply chain expo in Beijing that starts on Tuesday.

Huawei Technologies Co. for breaching US laws shocked President Xi Jinping’s inner circle and raised questions over whether Donald Trump would intervene in the case. Trump now faces a similar dilemma after US prosecutors charged Gautam Adani — India’s most powerful businessman and a close ally of Prime Minister Narendra Modi — in a $250 million bribery scheme. While Modi’s party called it a private matter, and Adani’s company denied the allegations, the case threatens to roil US-India diplomatic ties. Although Trump didn’t intervene in the Huawei case, which was eventually settled in 2021 after he left office, on its face he’ll have more incentive to make this case go away. Beyond Trump’s personal connection with Modi, the incoming US president has packed his team with China hawks who want to see stronger ties with India to counterbalance Beijing’s power in the region.

A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers

As a Tsinghua University graduate student in Beijing, I couldn't help but reflect on how the city had faced a similar crisis not too long ago. Its infamous 'airpocalypse' seemed overwhelming. Yet, Beijing transformed its skies from grey to blue, setting a compelling blueprint for reform. Cities like Beijing — and London — have shown that with political will, change is possible. Beijing reduced PM2.5 levels by over 50% between 2013 and 2017. A 3-year action plan, 'Blue Sky War', targeted pollution at its source. Coal consumption was reduced through cleaner natural gas, shutting down coal-fired plants and relocating polluting industries. Stricter emission standards were enforced for vehicles and factories, alongside aggressive EV promotion and public transport subsidies.

China is going to expand visa-free entry to citizens of nine more countries as it seeks to boost tourism and business travel to help revive a sluggish economy