City Beijing Financial News

SHANGHAI — China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the Covid-19 pandemic.

BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers' first-quarter earnings.

Chinese officials have warned a delegation of top U.S. executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country

A lawyer says activist publisher Jimmy Lai will testify in his defense at his Hong Kong national security trial

Chinese scientists studying the soil samples of the moon brought by Chang'e-5 mission found water molecules in lunar soil, according to the Chinese Academy of Sciences (CAS). The research — carried out jointly by researchers from the Beijing National Laboratory for Condensed Matter Physics and the Institute of Physics of CAS and other domestic research institutions — was published in the peer-reviewed journal Nature Astronomy on July 16, the Hong Kong-based South China Morning Post reported.

BEIJING — Four of the world's largest semiconductor equipment manufacturers, including ASML, have seen the share of their China revenue more than double since late 2022, Bank of America analysts said in a report Monday.

President Ferdinand Marcos Jr. has ordered an immediate ban on widespread and mostly Chinese-run online gaming operations in the Philippines accusing them of venturing into crimes, including financial scams, human trafficking, torture, kidnapping and m...

global IT outage for the last few days has turned out to be the biggest technological crisis in history. The outage has also revealed the excessive dependency on a single company, Microsoft, that has now come into question, after banks, airlines, and various other important administrative services took a major hit. Even police authorities were not able to man their 911 lines and operations in various countries in the West due to the IT outage, begging the question why Microsoft has become the epicenter of all administrative activities.

Donald Trump’s recruitment of Ohio Sen. J.D. Vance as his running mate may be about the worst news the country could receive on the heels of the former president’s brush with a would-be assassin’s bullet.

global outage issue has put the world's major services including banking and aircraft operations into a standstill after Microsoft applications and services were unresponsive for users across different countries. The global outage, according to reports, was majorly due to a CrowdStrike issue that prevent Microsoft systems from booting up accurately, with a blue dead screen cropping up.

BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions.

Oil prices were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. Brent futures were up 1 cent to $85.09 a barrel by 11:41 a.m. EDT (1541 GMT). U.S. West Texas Intermediate (WTI) crude was up 6 cents at $82.91. Both had registered gains in the previous session.

The new chair of Hong Kong’s leading media professional group says she lost her job at The Wall Street Journal after she refused her supervisor’s request to withdraw from the election for the leadership post

China's ruling Communist Party has ended a top-level meeting by endorsing policies aimed at building the country's technological power and fortifying its national security

e-commerce exports in India’s free trade agreements. To achieve $200-300 billion in e-commerce exports by 2030, the two organisations, in a report on Thursday, proposed cheaper financing through priority sector lending for such outbound shipments and increasing the consignment limit via courier route to $50,000 from $12,000 now. The report titled ‘Enabling e-commerce exports from India’ has recommendations on easing customs procedures, enabling robust reconciliations and payment settlement mechanisms and various policy interventions to push e-commerce exports which are estimated at $4-5 billion in FY23 accounting for 0.9-1.1% of India’s total merchandise exports. The report compares best practices followed in China where the consignment limit for e-commerce exports is $50,000, cross-border e-commerce pilot zones established to expedite customs clearances through a ‘green channel’, simplified export procedures like release-from-manifest and consolidated declaration, and preferential policies, warehouse facilities, and benefits including lower income tax in these zones.

BEIJING — U.S. presidential hopeful Donald Trump's new running mate JD Vance stuck to a hard line on China in his first speech since being selected earlier in the week.

Donald Trump demanded the self-governed island of Taiwan pay for US protection, dodged the question of whether he would defend the island from Beijing's military action, and accused the island of taking the semiconductor industry away from the United States. “Taiwan should pay us for defence,” Trump said, in an interview with Bloomberg Businessweek. “You know, we're no different than an insurance company." Trump's remarks, made public Tuesday, mark a departure from the stance of President Joe Biden, who has said several times that he would send troops to defend the island, and add uncertainty to Trump's approach to Taiwan at a time his running mate, JD Vance, has called China the “biggest threat” for the United States.

The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

In a year of major elections setting the course of many countries for years to come, China’s ruling Communist Party is holding top-level meetings in Beijing to draft policies for reviving its slowing economy

The U.S. and Europe would love to cut their dependence on China for rare earths. Standing in the way of that ambition are low prices and Beijing’s willingness to throw its weight around to keep the market down.