City Beijing Financial News
16.09 / 14:26
Platform
security
ByteDance
TikTok
information
Courts
rights
TikTok’s US future hangs in the balance in court
Subscribe to enjoy similar stories. A federal appeals court on Monday will consider whether the U.S. government has the right to force TikTok to sever ties with China to keep operating in this country.
16.09 / 07:22
Cooper
Progressive
security
Trade
President
country
US-China relations need a reset before we all end up paying a heavy price
Subscribe to enjoy similar stories. The year 1979 was a pivotal one in Sino-American relations. On a historic visit to the US, Deng Xiaoping, China’s paramount leader, met with US President Jimmy Carter at the White House and attended the Round-Up Rodeo in Simonton, Texas, where he donned a ten-gallon hat and charmed the crowd.
16.09 / 03:42
15.09 / 18:51
15.09 / 18:08
UPS
Aware
economy
Sustainability
Food
show
China's economy softens in August as Beijing continues to grapple with lagging demand
China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand
15.09 / 17:53
Waves
Universities
Freedom
Golf
gatherings
peace
A frailer Dalai Lama greets devotees while succession question remains
Subscribe to enjoy similar stories. DHARAMSALA, India—The Dalai Lama arrived on a golf cart and smiled and waved to the throngs of devotees who had gathered amid the pine trees of the Himalayan foothills to greet him at his home in exile after knee-replacement surgery in the U.S. The 89-year-old Tibetan spiritual leader climbed out and made his way on foot into the temple complex with the help of young monks supporting his weight.
14.09 / 04:55
Reuters
Aware
Manufacturing
economy
Celebrity
country
Schools
China’s retail sales and industrial data miss expectations in August
BEIJING — China's retail sales, industrial production and urban investment in August all grew slower than expected, according to National Bureau of Statistics data released Saturday.
13.09 / 19:17
markets
Target
security
Research
Bill
innovations
Pharmaceuticals
Congress targets Chinese influence in health tech. It could come with tradeoffs
A San Jose-based biotechnology company that helps doctors detect genetic causes for cancer is among those that could be cut out of the U.S. market over ties to China
13.09 / 16:23
13.09 / 08:44
markets
COST
PwC
Exodus
Deloitte
reports
China imposes six month suspension and fine on PwC following Evergrande controversy
China over the auditing of Evergrande, state media reported. Additionally, a fine of 116 million yuan has also been imposed on the audit firm by Chinese government. PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs. In the most recent case of a Big Four auditor being hit with hefty penalties, Deloitte's Beijing branch in March last year was fined 211.9 million yuan and the branch's operations were suspended for three months after serious deficiencies were found in its audit of China Huarong Asset Management.
13.09 / 07:00
markets
Extreme
Manufacturing
economy
show
reports
travelers
China’s recovery likely dealt another blow from extreme weather
extreme weather this summer. As pressure builds on policymakers to roll out more stimulus, data due Saturday will show growth in industrial production slipped in August for a fourth straight month, in what would be its longest deceleration in almost three years. A slower expansion in activity also extended to retail sales and investment, according to analysts surveyed by Bloomberg. The widespread weakness would be a signal of how little traction the $17 trillion economy has generated in recovering from its worst stretch in five quarters. Heat waves — coupled with torrential rains that snarled travel and flooded farmland and mines — have added to setbacks for Beijing and its pursuit of growth around 5%, a goal most global banks now believe might be out of reach.
13.09 / 03:12
markets
Target
FIVE
Action
Universities
Department
US imposes sanctions on suppliers to Pakistan's Ballistic missile program; also includes China based-firms
US State Department imposed sanctions on China-based firms, for their supply to Pakistan's ballistic missile program under the missile sanctions laws on Thursday. «The Department of State is taking action against five entities and one individual that have been involved in the proliferation of ballistic missiles and controlled missile equipment and technology. Specifically, the Department of State is designating the Beijing Research Institute of Automation for Machine Building Industry (RIAMB) pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery,» State Department spokesperson Matthew Miller said in a press statement. Notably, RIAMB has worked with Pakistan's National Development Complex (NDC), -which the United States assesses is involved in the development and production of Pakistan's long-range ballistic missiles.
13.09 / 02:10
markets
Digital
country
2020
Relationships
peace
Jaishankar says 75 per cent of disengagement problems 'sorted out' with China
border talks with China, External Affairs Minister S Jaishankar said that 75 per cent of disengagement problems with Beijing are sorted out; however, the two nations «still have some things to do.» Jaishankar also underlined how India and China never had an easy relationship in the past. «We did not have an easy relationship in the past. What happened in 2020 was in violation of multiple agreements, the Chinese moved a large number of troops to the Line of Actual Control. We, in response, moved our troops up… Some progress on border talks with China. 75 per cent of disengagement problems are sorted out. We still have some things to do,» Jaishankar said during his conversation with Ambassador Jean-David Levitte at the Geneva Centre for Security Policy on Thursday.
13.09 / 01:04
12.09 / 21:26
markets
security
SPY
Bill
Universities
US House clears a largely bipartisan package of bills to counter China
The U.S. House this week approved a sweeping package of bills to counter China’s influence
12.09 / 16:04
FIVE
Manufacturing
economy
Trade
President
country
reports
US companies see record-low profits in China amid geopolitical tensions, report says
A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy
12.09 / 09:52
Provident
security
country
US and Chinese militaries find reason to start talking again
BEIJING—The U.S. and Chinese militaries are taking tentative steps to re-engage diplomatically after a two-year freeze in relations, seeking to dial back the risk of confrontation while tensions simmer over Beijing’s activities in the South China Sea and its support of Russia. Jump-starting talks between military leaders has been a priority of the Biden administration, but one that has previously faced stiff resistance in Beijing.
11.09 / 10:17
COST
FIVE
Google
wellness
rights
Videos
China's AI models lag their U.S. counterparts by 6 to 9 months, says former head of Google China
BEIJING — Chinese artificial intelligence models may be at least half a year behind those developed in the U.S., but Chinese AI apps will likely take off much faster, said Kai-Fu Lee, former head of Google China.
11.09 / 07:45
UPS
Manufacturing
economy
Sustainability
trends
Trade
country
China’s export thrust is pushing tariffs up across Asia
South China Morning Post, the Hong Kong daily, reported that the Malaysian Retailers Association has publicly called on Kuala Lumpur to significantly raise duties on imported goods costing $115 or less from the 10% levy imposed in January. The retailer’s association estimates it is losing 30% of its business to e-commerce portals selling goods shipped in from China. “Because we have not tightened up any rules or regulations, Malaysia has become a dumping ground for excess capacity from China," Ameer Ali Mydin of the Malaysian Retailers Association told the newspaper.
11.09 / 07:16
markets
UPS
Provident
pandemic
trends
President
What the gold rally says about market uncertainty
inflation) diminishes gold’s appeal: from a yield perspective, investors are better off holding treasury bonds rather than a non-yielding asset like gold. Read this | Are sovereign gold bonds the new ‘gold standard’ in investing? In recent months, however, US bond yields have declined, driven by expectations of easing monetary policy, and they’ve fallen more than inflation. From January to August, the two-year treasury yield dropped by 33 basis points (bps), and the 10-year yield fell 24 bps, while inflation decreased by 20 bps between January and July.
10.09 / 18:32
Provident
Cooper
War
rights
India 'Not the West', so, help Palestine
India is not the 'West'. This is a USP it must use with Palestine — and Israel — to tell both warring parties to cease fire for the sake of their own sake. New Delhi has greater dealings with Tel Aviv of late.
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