City Beijing Financial News

China on Wednesday spoke of President Mohamed Muizzu's recent visit to New Delhi and the importance of India to his country's tourism-dependent economy. The comments by Minister of Economic Development and Trade Mohamed Saeed came as Male seems to have re-oriented ties with New Delhi following President Muizzu, known for his pro-China leanings, attending Prime Minister Narendra Modi's swearing-in ceremony earlier this month. «President Muizzu reiterated that India remains our closest neighbour,» Saeed, who is attending the 15th World Economic Forum (WEF) at Dalian, told CNBC International TV in an interview.

Taipei: Taiwan, on Wednesday, reported that a total of 18 China's People's Liberation Army (PLA) aircraft and 6 People's Liberation Army Navy (PLAN) vessels were detected operating around Taiwan as of 6 am (local time), Taiwan News reported. According to the Ministry of National Defence, of the 18 People's Liberation Army (PLA) aircraft, five crossed the Taiwan Strait median line in the northern, southwestern, and eastern sectors of the country's air defence identification zone (ADIZ). In response, Taiwan sent aircraft and naval ships and deployed coastal-based missile systems to monitor PLA activity, as per Taiwan News.

China's premier called Tuesday for countries to «oppose decoupling», as economic tensions simmer between Beijing and the West, and the European Union prepares to impose new tariffs on Chinese electric vehicles. Friction between the West and the world's second-largest economy has intensified in recent years, particularly as Beijing and Washington compete for supremacy in advanced technology and new «green» industries. «We should broadly open our minds, work closely together, abandon camp formations, (and) oppose decoupling,» said Li Qiang, China's second-ranking leader, who has been tasked by President Xi Jinping with managing economic affairs.

DALIAN, China — For China's yuan to be used more globally, the currency needs more «applications» such as for stocks and bonds, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, said on a panel Tuesday.

China’s premier has defended open markets and the importance of green technologies for stabilizing global growth as he opened a forum with political and business elites in northeastern China

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

A cybersecurity intelligence company says a suspected Chinese state-sponsored hacking group has intensified attacks on Taiwanese organizations, particularly those in sectors such as the government, education and technology

China says it has banned a number of business units of American aviation maker Lockheed Martin Corporation and three of its executives over arms deals with Taiwan, the self-ruling island it claims as its own territory

India and Bangladesh bolster ties as New Delhi tries to become a regional power.

electric vehicles (EVs) being imported into the European market, senior officials of both sides said on Saturday. Germany's Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China.

India and Bangladesh signed 10 memoranda of understanding (MoUs) following the meeting of Prime Minister Narendra Modi and his counterpart Sheikh Hasina in New Delhi, with both leaders endorsing a vision statement on peace and prosperity that underscored longstanding ties between the two nations. Three of the pacts were renewals of existing accords. The Bangladeshi Prime Minister’s visit is the first by a head of state or government after the inauguration of the new Modi government and comes ahead of her trip to Beijing. The Modi-Hasina talks focused on boosting defence ties, management of the Mongla port in Bangladesh and cross-border power trade. Defence Services Staff College, Wellington, and Defence Services Command and Staff College, Mirpur (Bangladesh) will cooperate in the field of strategic and operational studies. ET had first reported last week that defence ties will likely get a boost at the meeting.

Infosys’ emeritus chairman. Be that as it may, “birds” perched across trees in China have been tweeting a story that isn’t music to those in China who have been pushing the infamous “996” system for decades on end: working 9 am to 9 pm 6 days a week. That’s actually two hours more than the duration of a working week suggested by our favourite task master. In viral videos, young people in China have been engaged in a serious, new form of sticking it to The Chair-Man. Reacting against Xi Jinping’s version of JFK’s “Ask not what your country can do for you, ask what you can do for your country” finger-wag, the new social media trend has young people—what policymakers insist on calling “youth”—record themselves with their hands tucked inside oversized t-shirts, perched on any piece of furniture, and then change the video backdrop to make themselves look like they’re sitting on trees. The effect is powerfully, even scarily, surrealistic.

India and Bangladesh on Saturday moved to bolster their defense relationship and signed agreements for expanding cooperation in maritime security, ocean economy, space, and telecommunication sectors, as New Delhi tries to present itself as a regional power and a counterweight to China. The agreements were signed during Bangladesh Prime Minister Sheikh Hasina's visit to India, the first foreign leader to visit New Delhi since Narendra Modi became the country's prime minister for a third term two weeks ago. Modi welcomed Bangladesh's decision to join his Indo-Pacific Oceans Initiative to expand and facilitate regional cooperation of India's maritime neighbors. He said the deals with Dhaka were part of his country's pursuit of a neighborhood-first approach.

China is watching closely as Russia and North Korea deepen their relationship through a new defense pact, sparking concerns about potential shifts in power dynamics among the three authoritarian states.

United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei. «They told the U.S. side that they were absolutely convinced that they are able to prevail in a conventional fight over Taiwan without using nuclear weapons,» said scholar David Santoro, the U.S. organiser of the Track Two talks, the details of which are being reported by Reuters for the first time.

TikTok on Thursday disclosed a letter the company sent to the government in April accusing the federal agency that once held the platform’s future in its hands of “political demagoguery.”

China's Commerce Ministry has accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38%

BEIJING — Ratings agency Fitch no longer expects China to cut its policy rate this year, and has pushed back its expectations for a reduction to next year as the U.S. Federal Reserve keeps its interest rates high.

The Federal Trade Commission has referred a complaint against TikTok and its Beijing-based parent company to the Department of Justice

The deadly stockpiles of nuclear weapons built by Cold War adversaries Russia and the US gave the ‘MAD’ doctrine of ‘Mutually Assured Destruction’ a literal ring. With thousands of nukes each, both had enough to destroy the planet many times over. Could today’s geopolitical divide between a China-led bloc and the US-led West imperil the world with another arms race being pushed beyond the limits of reason by its force of rivalry? According to the latest report by Stockholm International Peace Research Institute (SIPRI), a think-tank, all nine nuclear-armed countries—the US, Russia, UK, France, China, India, Pakistan, North Korea and Israel—modernized their arsenals in 2023, while some deployed new weapon systems.

Chinese Premier Li Qiang is set to talk with Malaysian Prime Minister Anwar Ibrahim with the two countries due to ink new cooperation pacts on digital economy and green development as they mark 50 years of diplomatic relations