City Beijing Financial News

21.11 / 09:43
markets Mobile Browser reports Baidu posts 3% drop in third-quarter revenues, beating market expectations
BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth.
20.11 / 22:17
markets Digital security Experts PAM reports Arsenal Significant threat? Chinese military capable of winning a conflict with the U.S, says a report
U.S.-China Economic and Security Review Commission has raised alarms about China's military capabilities, suggesting that the nation poses a significant threat to US interests in the Indo-Pacific region. The comprehensive 793-page document, which draws from both classified and unclassified sources, indicates that China's military might now has the potential to outmatch U.S. forces in a future regional conflict. The report highlights that Beijing's military expansion over the past two decades has focused on developing a formidable arsenal of missiles, ships, aircraft, and advanced systems designed for potential conflicts in the Indo-Pacific. «It warns that, as result, US. forces and bases in the region would face a significant threat from the [People’s Liberation Army] in any regional contingency involving treaty allies and/or security partners, and the outcome of any such conflict is far from certain.» Despite the evident military advancements, the report notes that while China is bolstering its military readiness, it does not currently believe that an armed conflict is imminent. “There is ample evidence that China’s armed forces are enhancing their general military preparedness, but little evidence they are mobilizing for an imminent conflict at this time,” the report states.
20.11 / 14:57
economy Trade President Latin Relationships International In Brazil, Xi Jinping cultivates a friend as he braces for Trump
Subscribe to enjoy similar stories. RIO DE JANEIRO : As Xi Jinping prepares for a thorny trade relationship with President-elect Donald Trump, he is cultivating a rapport with someone he calls a like-minded good friend, Brazilian President Luiz Inácio Lula da Silva. The populist leftist shares Xi’s goals of checking America’s global economic dominance.
20.11 / 09:37
markets UPS Reuters economy Election Nov Trade Donald Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth
The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on Nov. 5, also predicts that the President-elect will resist starting off with blanket 60% tariffs on Chinese goods. Trump, who is due to take office in January, pledged during campaigning to slap hefty tariffs on Chinese imports as part of a package of «America First» trade measures, causing unease in Beijing and heightening growth risks for China.
20.11 / 08:59
markets Strategy President Experts War China urges 'calm' after Vladimir Putin decree on broader use of nuclear weapons
Moscow has reacted furiously to a decision by US President Joe Biden to change policy on Ukraine and allow Kyiv to use US-supplied long-range missiles to strike Russian territory for the first time. On Tuesday, Putin signed a decree that enables Moscow to use nuclear weapons against non-nuclear states such as Ukraine if they are supported by nuclear powers.
20.11 / 06:01
security Apple Freedom Fishing 2020 boating He rose to riches in Hong Kong. Now he’s a symbol of China’s crackdown.
Subscribe to enjoy similar stories. HONG KONG—Jimmy Lai came to Hong Kong in 1961 as a boy smuggled on a fishing boat, a refugee who left mainland China because his mother was afraid he would starve to death in the turmoil following the Communist takeover there. He rose from child laborer to clothing tycoon and media baron, living in a colonial mansion filled with books and flowers.
19.11 / 21:41
security Bill Trade War reports recommendations Relationships Congressional panel urges toughing the US-China trade relationship
A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing
19.11 / 13:33
markets UPS Trade Experts rights Relationships British PM Keir Starmer raises human rights violations in China with Xi Jinping; this is what happened to journalists after that, watch video
Also Read: Russian Nostradamus issues grave warning says world is on the brink as extremely dangerous period is coming As soon as Starmer brought up these sensitive topics, Chinese officials abruptly forced British journalists out of the room. Despite attempts by Starmer's team to keep reporters present, the Chinese delegation physically removed them, reflecting Beijing’s hard stance on freedom of expression and dissent. The sensitive references to Hong Kong and Jimmy Lai particularly stung, as Lai’s trial for national security charges continues.
18.11 / 23:37
markets UPS Mobile Research country International Women prefer to play mobile games. China's Tencent sees an opportunity
BEIJING — Chinese gaming giant Tencent is betting on a rise in female players worldwide for its mobile game Honor of Kings, which rolled out to the U.S. and other countries in June.
18.11 / 19:53
MET security President War rights Relationships Starmer calls for strong UK-China relationship as he meets with Xi in Brazil
U.K. Prime Minister Keir Starmer says he wants a strong and durable relationship with China as he met with Chinese President Xi Jinping at the G20 summit in Brazil
18.11 / 15:35
UPS CEO economy Trade President International Xi seizes role as global defender of free trade against Trump
As Donald Trump threatens to impose tariffs on the entire world, Xi Jinping is once again wasting no time in positioning himself as the premier defender of the international trading system.
18.11 / 13:27
markets Citi Target Strategy Universities reports Traffic AQI blues: What India can learn from China to curb air pollution
On Monday morning, AQI levels in the city remained dangerously high. Notable readings included 919 in Mundka, 762 in ITI Jahangirpuri, and 624 in Anand Vihar, placing these areas in the 'severe-plus' category. In Beijing, the capital of China, pollution is nearly 10 times less than in Delhi. More than a decade ago, Beijing was known as the smog capital of the world where air pollution caused thousands of deaths every year. In a decade, starting in 2013, Beijing was able to bring down its air pollution drastically with a host of measures. Can Delhi learn anything from Beijing's war on air pollution?
18.11 / 09:37
economy Election Trade President country Relationships International Indonesia will need to walk a fine line once Trump is back in the White House
Subscribe to enjoy similar stories. Indonesia, for decades a natural partner to the US because of similar defence priorities and democratic values, has in recent years drifted more toward China, drawn by its economic support. A potentially more insular American foreign policy under President-elect Donald Trump is pushing Jakarta even closer to Beijing.
17.11 / 11:13
Citi Man Southern students country social Colleges Eight killed in knife attack at Chinese college
Subscribe to enjoy similar stories. Eight people were killed and 17 wounded in a knife attack Saturday at a college in eastern China, the latest in a string of grisly crimes to unsettle the country. Police in the city of Yixing said the attack at the Wuxi Vocational Institute of Arts and Technology was carried out by a student who hadn’t graduated after failing an exam.
17.11 / 02:41
markets Cooper CEO economy Trade President country With Trump's return, China's Xi at APEC criticises protectionism
Donald Trump's imminent return to the US presidency looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Chinese President Xi Jinping said on Friday that unilateralism and protectionism needed to be rejected in favour of economic globalisation. Xi's critique of protectionism at APEC offers a preview of how China will seek to position itself once Trump takes office in January. Trump has pledged to impose tariffs on Chinese imports in excess of 60% but Beijing and Chinese companies are hoping that his protectionist policies will also irk US allies in Europe and Asia — giving China an opening to increase its global influence and improve trade ties. In a speech read out to business executives by Chinese commerce minister Wang Wentao on Friday at the APEC CEO Summit, Xi said that economic globalisation was facing «countercurrents», without specifying any particular country or leader.
17.11 / 02:41
markets Digital Experts PAM country Arsenal Biden, Xi agree that humans, not AI, should control nuclear arms
Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House. «The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons,» the White House said in a statement. «The two leaders also stressed the need to consider carefully the potential risks and develop AI technology in the military field in a prudent and responsible manner.» An official Chinese government summary of the meeting echoed this point. The Chinese foreign ministry did not immediately respond to a request for comment.
15.11 / 18:45
markets UPS Digital economy show country China shows steady progress in oct as consumption rises on stimulus
retail sales growth in eight months and indicating Beijing's latest round of stimulus has boosted some key sectors. Retail sales increased 4.8% from a year earlier, the National Bureau of Statistics said Friday, up from September's gain of 3.2% and beating the median forecast of 3.8% by economists in a Bloomberg survey. It marked the best reading since February. Industrial output rose 5.3% from a year earlier, slightly slower than the previous month and lower than a forecast growth of 5.6%.
15.11 / 08:37
markets Digital Experts War PAM reports Trade war under Trump 2.0 may subside if China agrees to shift few of its manufacturing units to US: Jefferies
It said, «the return of the Donald to the White House offers an opportunity for Beijing to negotiate a new deal with Washington, which would probably include China indicating a willingness to move some production to America». On the continued war between Russia and Ukraine, the report noted that a deal could have been signed in the past on an agreement that Ukraine would not join NATO.
15.11 / 05:11
markets UPS Manufacturing economy Trade War country China coped with Trump’s first trade war. A second one will be tougher.
Subscribe to enjoy similar stories. SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. China is grappling with an epic property collapse, and local governments are wobbling under trillions of dollars of debt.
15.11 / 03:09
UPS Target Reuters Manufacturing economy country reports China retail sales beat forecasts in October while real estate slump worsens
BEIJING — China on Friday reported strong growth in retail sales and a steep decline in real estate investment in October, signaling that the country's recent stimulus push has already bolstered certain sectors of its flagging economy.
14.11 / 04:41
CEO Platform TikTok Photos Features Videos Profiles Chinese AI startup takes aim at OpenAI's Sora with image-to-video tool launch
BEIJING — Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now be able to generate videos by combining images.

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