City Beijing Financial News

12.07 / 22:12
Waters Gap Racing Bill country The Dalai Lama may soon reveal his succession plan, and it’ll have geopolitical ramifications
Dalai Lama's next move. Their top-of-the-mind question is whether the Tibetan leader will be announcing his successor. Supporters of the 14th Dalai Lama, which include US lawmakers, are worried that China will try to beat him in the race and declare its own 15th Dalai Lama. 'They have even attempted to insert themselves into the succession of the Dalai Lama. We will not let that happen,' said Republican chair of the US House Foreign Affairs Committee Michael McCaul. For Tibetans living in China and spread across several countries, the Dalai Lama is a 'living Buddha' and represents the symbol of Tibetan identity and Chinese repression. He escaped from Tibet to India in 1959 after Chinese troops took over Tibet and indulged in a bloodbath.
12.07 / 21:02
UPS Manufacturing economy Universities reports inequality China gears up for next week's Third Plenum meeting. Here's why real estate isn't likely the main focus
BEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing.
12.07 / 20:16
markets BLOCK Volkswagen Tesla wellness Trade European Commission Investigations Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know
European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. The higher duties go into effect on Friday, pending a final decision in four month's time. Here are some basic facts about the EU's planned customs duties: What did the European Union do?
12.07 / 17:47
markets UPS IPO FIVE security trends reports Hong Kong's IPO market is finally starting to turn around, consulting firm EY says
BEIJING — The market for initial public offerings in Hong Kong is set to improve significantly over the next five years, starting in the second half of this year, George Chan, global IPO leader at EY, told CNBC in an interview Wednesday.
12.07 / 17:08
UPS Food wellness reports travelers Investigations China investigating after media report finds same trucks transport edible oil and a form of coal
China’s authorities are investigating food safety concerns in cooking oils after an investigative report from local media revealed that tankers carrying soybean oil from a major state-owned company were also used to carry a form of coal
12.07 / 17:01
Provident Fighting President War country US allies allege China is developing attack drones for Russia
Iranian model deployed in Ukraine, European officials familiar with the matter said, a sign that Beijing may be edging closer to providing the sort of lethal aid that western officials have warned against. The companies held talks in 2023 about collaborating to replicate Iran’s Shahed drone, and started developing and testing a version this year in preparation for shipment to Russia, said the officials, who asked not to be identified to discuss private information. The Chinese drones have yet to be used in Ukraine, they said. Providing Russia a Shahed-like attack drone would mark a deepening of Beijing’s support for Russia despite repeated warnings from the US and its allies. President Xi Jinping has sought to portray China as neutral in the conflict in Ukraine even as western officials say it’s provided components and other support for President Vladimir Putin’s forces.
12.07 / 14:31
Cooper Man Volkswagen security economy Trade politician Germany stops planned sale of Volkswagen's gas turbine business to China
Volkswagen unit MAN Energy Solutions' gas turbine business to a Chinese company on Wednesday, with ministers citing security reasons. The decision comes amid rising trade tensions between the EU and China. Germany's economy ministry can review and stop transactions deemed to have national security implications, and Berlin and the EU are trying to reduce risks from economic ties with Beijing. The planned sale of the German business to Chinese state-owned CSIC Longjiang GH Gas Turbine Co (GHGT) was announced in June 2023 at an undisclosed price, but MAN Energy Solutions said in September the government would take a close look.
12.07 / 14:12
markets UPS Manufacturing economy reports Chinese auto exports surge, partly offsetting a sales slump at home
China has reported its auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home
12.07 / 13:33
markets UPS Manufacturing Parke Trade country Interviews Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
Investment in electric vehicle manufacturing is booming in Morocco, a country that neighbors Europe and enjoys a free trade agreement with the United States
12.07 / 13:09
UPS President Department peace Jaishankar, Wang to intensify LAC disengagement efforts
In what was their first structured meeting since July 2023, Jaishankar and Wang, who is also a member of the political bureau of the Communist Party of China, decided that the Working Mechanism on Consultation and Coordination on India-China Border Affairs (WMCC) should hold an early meeting towards the process to achieve complete disengagement, officials said. The last (29th meeting) of the WMCC was held on March 27 this year in Beijing. The joint secretary (East Asia) at the Ministry of External Affairs had led the Indian delegation. The Chinese side was led by the director general of the Boundary & Oceanic Department of the Chinese Ministry of Foreign Affairs.
29.06 / 20:41
Corning Food DISH Pride travelers Tales from Tangra: How the distinct Calcutta Chinese cuisine and culture remain popular
Chef Ho Chi Ming doesn’t want to forget his roots. “I want to travel around, telling people what Calcutta Chinese food is all about,” says the third-generation cook in the family.
29.06 / 08:07
UPS country inclusion reports travelers Inclusion of Taiwan in Laos Govt's visa-waiver program for Chinese tourists gives false impression: Taiwan's Foreign Ministry
visa-waiver program for Chinese tourists announced by the Laos government includes elements that gives false impression that Taiwan is part of China, the Central News Agency (CNA) reported. The document issued by the Laos government on Wednesday said that Chinese nationals travelling to Laos may visit the country visa-free for up to 15 days as part of a group tour. It also provided the itinerary approved by the Laotian Ministry of Information, Culture and Tourism.
28.06 / 18:23
WhatsApp country Vikram Misri, who has worked in PMO thrice, is India's next foreign secretary
NSA) Vikram Misri was on Friday named as the next foreign secretary, according to an official order. From the highest decision-making office in the country -PMO to External Affairs Minister's office and ambassadorial posting in Beijing, Misri has handled India's most challenging foreign relations in the past. A 1989-batch Indian Foreign Service officer, Misri, who has served in Washington DC in the past, is often known as someone who takes a «360-degree view of things». Being in Beijing during the Galwan crisis and thereafter, he has handled the toughest period in the Sino-Indian ties in recent times. Later as the Deputy NSA, he worked closely with the NSA on various issues, including India's strategic ties with Eurasia and the Gulf, besides groundbreaking iCET with the USA.
28.06 / 04:35
Citizens Progressive Election President travelers guidelines Taiwan urges citizens to avoid travel to China, Hong Kong Macao following Beijing threats
Taiwan has urged its citizens to avoid travel to China and the semi-autonomous Chinese territories of Hong Kong and Macao following threats from Beijing to execute supporters of the self-governing island democracy's independence. Spokesperson and deputy head of the Mainland Affairs Council Liang Wen-chieh issued the advisory at a news conference Thursday. That came amid growing threats from China, which claims Taiwan as its own territory to be annexed by force if necessary.
28.06 / 01:53
markets UPS Election Trade President stage Asian shares eye five-month winning streak; yen buckles under dollar strength
inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.
27.06 / 17:03
Digital Platform security ByteDance TikTok Freedom rights Free speech and digital rights groups argue TikTok law would infringe on the First Amendment
A group of nonprofits argued in a legal filing that the federal law requiring TikTok’s parent company to sell the platform, or face a ban, is an unconstitutional measure that restricts speech and makes it impossible for users to associate on the app
27.06 / 15:39
Cooper security country rock information gatherings prevention China calls on scientists of all nations to study lunar samples, except the US
China’s space officials said Thursday they welcomed scientists from across the world to apply to study the lunar rock samples the Chang’e 6 probe brought back to Earth in a historic mission, but noted there were limits to that cooperation, specifically...
27.06 / 05:11
Man Action President show Videos boating President Ferdinand Marcos says Philippines must 'do more' than protest China sea actions
Marcos said Thursday that the Philippines needs to do more than protest Beijing's «illegal actions» in the South China Sea. Chinese coast guard personnel wielding knives, sticks and an axe surrounded and boarded three Filipino navy boats last week, video showed, foiling what Manila said was a resupply mission to troops manning a grounded warship on Second Thomas Shoal. It was the latest and most serious incident in a series of escalating confrontations between Chinese and Philippine ships as Beijing steps up efforts to push its claims to nearly all of the strategically located waterway.
27.06 / 04:11
markets FIVE economy Trade War band Who’s afraid of a falling yuan?
Now it’s the turn of the Chinese yuan. An important economic development of late has been the depreciation of Asian currencies relative to the dollar. China’s currency is in the spotlight again amid new speculation over whether Beijing is implementing a competitive devaluation of some sort, or will do so—and whether this will become the excuse for a trade war.
26.06 / 21:55
Citi Booking WhatsApp Death Trade War voice Has Nostradamus' prediction on World War 3 failed? Who was he and what did he say?
French astronomer Nostradamus prove to be wrong? This question looms large after his prophecy about the World War 3 has not come true so far. According to the 'Wion', Nostradamus predicted something which may be interpreted as the beginning of World War 3. He expected a “combat and naval battle” between China and the US, though he did not take their names. The 16th-century philosopher and physicist predicted that the “Red adversary will become pale with fear. Putting the great Ocean in dread”. These lines are interpreted as the blockade of China by the US Navy and a confrontation between the two rival forces. This prediction is especially significant because Beijing and Washington have indulged in blaming each other for rising tension on the issue of Taiwan. Some of the US lawmakers have openly threatened China with attacks and war if Beijing threatens Taipei.

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