City Beijing Financial News

China says it will restrict exports of a mineral used in a wide range of products from batteries to weapons

China's economic recovery in July, according to data released Thursday by the National Bureau of Statistics. Unemployment rose for the first time since February, clocking in at 5.2%, compared to 5% in June. Industrial production also rose more slowly than the previous month, showing a 5.1% year-on-year increase in July, compared to a 5.3% rise in June.

BEIJING — China's latest efforts to stem a bond market rally reveals wider worries among authorities about financial stability, analysts said.

TOKYO—Eight decades ago, when Japan’s kamikaze pilots were crashing their planes into American ships and its soldiers were dying from the Aleutian Islands to Guadalcanal, all were given the same promise: Upon death, their souls would be enshrined at Tokyo’s Yasukuni Shrine. The shrine was the symbol of the religious-military state that sought to mobilize the population to fight in the name of a divine emperor.

EMBARGOED TO 1910 SG (1210 LONDON) ON TUES AUG 13 2024

AFTER A FORTNIGHT featuring 329 competitions, the battle for Olympic supremacy came down to the last event on the final day of the Paris games. When America’s women’s basketball team beat France’s in the final on August 11th, they also helped their country equal China’s tally of 40 golds at these games. As a result, America retained its position at the summit of the official medal table—which ranks countries based on the number of golds they win—thanks to a greater haul of silvers (44 compared with China’s 27).

Olympics reading the US, China, Japan, Australia, France, the Netherlands, Britain, South Korea, Italy and Germany, one is bound to ask: why do some countries fare better than others? Discussions usually attribute wins and losses to individual abilities, training and dedication. These factors are undoubtedly crucial. But there could be other determinants like economic prosperity. In each of the last three Summer and Winter Olympic Games, the top 10 medal-winning countries have been high-income countries based on World Bank's income-level classifications, with the exception of China (upper-middle income) in Tokyo 2020 Olympics, and OAR (Olympic Athletes from Russia — upper-middle income) in PyeongChang 2018 Winter Olympics. However, research has found a range of determinants beyond economic prosperity — team size, growth rate, expenditure on health, population, etc — to have a significant impact. We investigated the association between the total medal count for each country at the Beijing 2022 Olympics and their GDP per capita (PPP). A moderate positive relationship is observed with a correlation coefficient of 0.62.

Olympian Abhinav Bindra-run Abhinav Bindra Foundation, registered in Mohali, for five years. The registration will allow the organisation to receive foreign grants, officials said. Bindra won India's first individual gold medal at the Olympics — in the men's 10-metre air rifle competition — at Beijing in 2008. The non-profit organisation run by Bindra is dedicated to ensuring that global best practices are made available to all sporting activities, according to its website. During the recent Paris Olympics, India secured 71st rank with Neeraj Chopra, Manu Bhaker, Sarabjot Singh, Swapnil Kusale, Aman Sehrawat and the Indian hockey team winning medals.

Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy.

Paris Olympics 2024 but the United States of America topped the medals table finishing above the Asian giant only by virtue of their 44 silvers. China, who were the last nation apart from the U.S. to top the standings when they did it on home soil at the 2008 Beijing Games, managed only 27 silvers. The US also won most total medals with 126 to China's 91.

China as both a competitor and an adversary, Republican vice presidential nominee Senator J D Vance said on Sunday that his party wants to establish a robust international framework where the US can «check» Beijing. «I think they're both, right, and I think that what we want to do here is build the kind of international order where we can check China,» Vance told CBS in an interview when asked if he views Beijing as a competitor or an adversary. «We don't want to go to war with China, but certainly they're an adversary...for example, the Chinese know that they're manufacturing tons of fentanyl, they're letting them come into our country. (Vice president and Democratic presidential candidate) Kamala Harris has done nothing about this,» Vance said in «Face the Nation» programme. He said Harris should apply diplomatic and economic leverage on the Chinese to stop manufacturing fentanyl, which is smuggled into the Mexican drug cartels and subsequently shipped into the US.

China's state media and authorities say a powerful explosion set off a fireball on a container ship loaded with hazardous goods at a major port on China’s Pacific coast

Auto sales in China faltered in July, falling 5% from a year earlier, although exports jumped about 20% from a year earlier as makers of electric vehicles expanded into global markets

Wrestlers of various age groups are arriving at the Chhatrasal Akhada for nighttime training. They stay in the adjacent sports hostel. Coaches Jaibir Dahiya, Anil Mann, and Pradeep Dahiya are waiting for them.

Marcos Jr on Sunday condemned Chinese air force actions in waters of the South China Sea claimed by both countries, calling the actions «unjustified, illegal and reckless». Manila and Beijing accused each other on Saturday of disrupting their militaries' operations around the Scarborough Shoal in the first incident since Marcos took office in 2022 in which the Philippines has complained of dangerous actions by Chinese aircraft, as opposed to navy or coast guard vessels. The Philippine military on Saturday condemned «dangerous and provocative actions» when two Chinese aircraft dropped flares in the path of a Philippine aircraft during a routine patrol around the shoal on Thursday.

China won the women's team event in table tennis at the Paris Games on Saturday for the country's 300th gold medal in Olympic history. China beat Japan 3-0 in the final for its fifth consecutive gold in the women's team event, a feat that the men had also achieved on Friday. «Each of us went all out today and played every position well,» No. 1-ranked Sun Yingsha said. South Korea took the bronze with a 3-0 win over Germany, its first medal in the team event since the Beijing Games in 2008.

Rush Doshi, a key architect of US President Joe Biden’s China policy, served in the National Security Council in 2021-24. Author of an acclaimed book, The Long Game: China’s Grand Strategy to Displace American Order, he speaks to Seema Sirohi on the US, India and China. Edited excerpts: How do you view the India-China border situation? What would US do if there was another Galwan-type situation? First, the Biden Administration has repeatedly noted the need for China to refrain from aggressive activity around the Line of Actual Control. Second, the US is not only more public about the border dispute but even includes it alongside the South and East China Seas, Taiwan Strait, as examples of provocative Chinese activity.

Philippine military chief condemned Saturday what he said was the provocative actions of two Chinese air force aircraft that executed a dangerous manoeuver and dropped flares in the path of a Philippine air force plane on routine patrol in the South China Sea. All those aboard the Philippine air force NC-212i light transport plane were unharmed and returned safely to Clark Air Base north of Manila after Thursday morning's incident over the Scarborough Shoal, Gen Romeo Brawner said, without providing other details. A top Philippine security official told The Associated Press that the Chinese jets flew at a «very close distance» to the Philippine air force turbo-prop plane and «put the lives of our pilots in real risk and danger». Another security officer said at least eight flares came from the Chinese fighter jets. Both spoke on condition of anonymity because of the sensitivity of the incident.

Narendra Modi on Saturday spoke to wrestler Aman Sehrawat and congratulated him for clinching the bronze medal in the men's freestyle 57 kg wrestling event at the Paris Olympics. Sehrawat overcoming adversity to stand on the podium on Friday touched an emotional chord with PM Modi. The 21-year-old 57kg free-style grappler, who was raised by his grandfather after he lost his parents as a child, defeated Puerto Rico's Darian Cruz in a high-intensity third-place contest to become India's youngest medallist at the Olympics.

BEIJING — A hazardous goods container exploded Friday on a cargo ship in China's high-traffic Ningbo Port, Taiwanese vessel owner Yang Ming Marine Transport Corporation told CNBC in a statement.