City Beijing Financial News

29.08 / 07:36

Citi WhatsApp Research country Mumbai surpasses Beijing to become the billionaire capital of Asia

Mumbai has become the 'billionaire capital' of Asia as it now comprises of more billionaire individuals than China's cpital city of Beijing, according to the Hurun India rich list 2024. «Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,» the Hurun list data stated. Beyond this, Mumbai also registered a net increase of 58 billionaire individuals, adding to its growth momentum, the Hurun data revealed. This was followed by New Delhi, which added 18 new billionaires.

29.08 / 04:37

markets security Tesla NVIDIA President reports Features China's electric car race is becoming more about chip prowess as companies focus on tech

BEIJING — Chinese electric car companies that are already engaged in an intense price war are turning up the heat on another front: Chip-powered tech features such as the driver-assist function.

29.08 / 04:31

MET security economy President travelers International Biden and Xi to speak after rare U.S. security adviser trip to China

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in «coming weeks,» the White House said Wednesday.

28.08 / 14:44

COST Citi Provident Digital reports Schools diving HSBC China Rolls Out e-CNY Services for Corporates, Signalling Foreign Banks’ Dive into Digital Yuan

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

28.08 / 10:20

UPS Progressive Racing Research reports Department U.S. government researchers visit a Korean mine as the race against China for critical minerals heats up

BEIJING — U.S. government researchers recently visited a South Korean mine to assess progress towards boosting supply of a critical metal called tungsten from areas outside China, the mine operator said Wednesday.

28.08 / 00:12

Man Airlines Boeing Research Universities show track MH370 flight mystery solved? Missing Malaysian Airlines plane's 'hiding spot' found in Indian Ocean? What we know so far

MH370 flight mystery has been surrounded by a number of claims and conspiracy theories. However, in spite of the searches, the missing plane couldn't be tracked. Now, an Australian researcher has claimed to detect what he called «perfect hiding place» for Malaysia Airlines MH370 flight. An adjunct researcher at the University of Tasmania Vincent Lyne has claimed that MH370 flight disappeared in the south-eastern Indian Ocean's 20,000ft-deep oceanic plateau «hole» — Broken Ridge. Malaysia Airlines plane MH370 flight with 239 on board went off the radar as the Boeing 777 aircraft flew over Vietnam's airspace during the scheduled journey to Beijing from Kuala Lumpur.

27.08 / 19:43

markets CEO Volkswagen Platform Tesla reports Features Volkswagen China is spending lots of time at Xpeng to make new EVs

BEIJING — Hundreds of Volkswagen staff are spending time at Xpeng as the German auto giant and Chinese startup work to create electric cars for China, Xpeng co-president Brian Gu told CNBC on Monday.

27.08 / 18:15

Action Trade War country Department rights China opposes US sanctions on firms over alleged ties to Russia's war efforts

China has expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it would adopt necessary measures to safeguard the rights and interests of the country’s businesses

27.08 / 17:52

COST CEO Parke Tesla Xiaomi reports Features Xpeng releases mass-market EV with basic driver-assist for less than $20,000

BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000.

27.08 / 16:48

CEO Enterprise Trade performer country reports BHP CEO expects a turnaround in China's property sector in year ahead

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27.08 / 15:55

Provident BLOCK Waters Action aquatics Chinese coast guard ships fire water cannons and block Philippine fisheries vessel in disputed sea

Chinese coast guard ship have fired water cannons, blocked and rammed a Philippine fisheries vessel in the disputed South China Sea, where hostilities between the Asian neighbors have flared alarmingly at sea and spread into the air in recent weeks

22.08 / 13:31

markets UPS IPO wellness sanitizer China's self-driving startup WeRide delays U.S. IPO as deadline looms

Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents.

22.08 / 08:20

markets UPS Manufacturing pandemic Trade country electronic Indonesia searches for ways to balance domestic industries with surging Chinese imports

A flood of Chinese products into Indonesia has hit local manufacturers hard, prompting the government to look for ways to placate domestic producers while avoiding angering the country's biggest trading partner

21.08 / 16:26

Waters Extreme Analysis Southern Experts country International China is backing off coal power plant approvals after a 2022-23 surge that alarmed climate experts

Approvals for new coal-fired power plants have dropped sharply in China after a flurry of permits in the previous two years raised concern about the government’s commitment to limiting climate change

21.08 / 08:16

markets Provident Target SUN Research Alibaba, Tencent cast wide net for AI upstarts

SINGAPORE—China’s internet giants are betting billions on incubating the country’s OpenAI challengers, with Alibaba Group and Tencent leading the charge. Since 2023, investors—including the country’s biggest tech companies—have valued at least six China-based startups developing large language models at more than $1 billion each.

21.08 / 07:34

markets CEO security country Inside reports Interviews China's antimony export controls rattle the tungsten industry

BEIJING — China's latest export controls has rattled insiders of the critical minerals industry, and some are concerned that Beijing will leverage its global supply chain dominance in unprecedented ways.

20.08 / 22:37

SUN Platform awards film Xbox cover classical Black Myth: Wukong: Check out release date, time, plot and platforms

Black Myth: Wukong is a game set to release on August 20, 2024, for PlayStation and PC. The game, based on the classic novel 'Journey to the West,' has faced some delays for Xbox players. This story covers the release date, time and platform details for the upcoming game.

19.08 / 08:51

markets Cooper security country reports Department International U.S., China sign agreement to cooperate on financial stability

BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday.

17.08 / 19:03

markets Death Photos cover Sporting BMW recalls 1.3 million vehicles in China that may have Takata airbag inflators

Officials in China say BMW is recalling more than 1.3 million vehicles that may have Takata airbag inflators following a similar recall in the U.S. last month

16.08 / 06:16

markets Target economy country reports Interviews International China's central bank says risks from local government debt have dropped

BEIJING — China's financial risks have dropped, including from local government debt, People's Bank of China Governor Pan Gongsheng said in state media interviews published late Thursday.

16.08 / 00:01

markets economy show country China’s economic recovery dragged down by property slump and weak consumption in July

A continued property crisis and weak consumption dragged on China’s economic recovery in July, according to data released by the National Bureau of Statistics

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