City Beijing Financial News

21.05 / 12:33
Cooper economy War prevention International America hits the global snooze button
“This is 1938," historian Timothy Snyder said at a weekend conference in Estonia. He warned that a Ukrainian defeat would shift the calendar to 1939. Many Americans still don’t fully grasp how serious the international situation has become.
21.05 / 05:11
Action President War country peace International Asserting its strategic choice, China backs Russia to the hilt
Russia to halt its military invasion of Ukraine, China is supporting its ally as fully as it can without triggering Western sanctions. The farewell hug between the autocratic leaders of the respective nations — Chairman Xi Jinping and President Vladimir Putin — made a mockery of China's profession of being a neutral party. In his first overseas trip after commencing his fifth term in power, Putin visited China on 16-17 May. The occasion marked the 75th anniversary of diplomatic relations between the two countries, and a 7,000-word joint statement enthused that «Russian- Chinese relations stand the test of rapid changes in the world, demonstrating strength and stability, and are experiencing the best period in their history». Beijing previously declared a «no-limits strategic partnership» with Moscow, and the state visit reinforced the closeness between the two regimes. Instead of urging an end to the war, Xi embraced the Russian strongman and issued assurances of undying support. The joint statement noted the nations would «further deepen mutual military trust and cooperation». This includes expansion of military exercises, regular maritime and air patrols, and strengthening bilateral and multilateral coordination.
21.05 / 03:37
markets UPS Enterprise wellness show information China's sweeping measures to prop up the property sector will need time to show results
BEIJING — China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.
20.05 / 08:17
markets UPS Trade Experts country Department Rate Cut Gold hits new record high on rising US Fed rate cut expectations, renewed Middle East concerns
Also Read: Explained: Why are central banks accumulating gold in large quantities? In addition to the expectation of a rate cut by the US Fed, other major central banks are signaling their willingness to lower interest rates. Bank of England Governor Andrew Bailey hinted at possible rate cuts as soon as next month, while Sweden's central bank recently implemented its first interest rate cut in eight years. Emerging central banks are continuing their momentum in gold purchases, with China leading the way.
20.05 / 07:43
security Election President reports International New Taiwan president swings at China—but pulls punches—in first speech
TAIPEI—Taiwan’s new president said the island democracy would serve as a “helmsman of global peace" under his watch in a carefully calibrated inauguration speech reflecting his delicate status at the fulcrum of tensions between the U.S. and China. With Beijing and Washington both listening carefully, Lai Ching-te offered to keep Taiwan open to engagement with China.
20.05 / 06:13
MET Death Trade President recommendations Ebrahim Raisi, a hardline leader who brought Iran closer to China
China expressed being «deeply concerned» on Monday after his helicopter went missing.
20.05 / 04:52
Cooper Research Trade President country Relationships Putin concludes a trip to China by emphasizing its strategic and personal ties to Russia
Russian President Vladimir Putin is concluding a two-day visit to China by emphasizing the countries' strategic ties as well as his own personal relationship with Chinese leader Xi Jinping as they seek to present an alternative to U.S. global influence
20.05 / 04:52
Ball Manufacturing Action Trade President electronic testing Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States
20.05 / 04:51
markets UPS DOW economy President reports Asian stocks Stock market today: Asian stocks advance after Wall Street closes out another winning week
Asian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time
17.05 / 03:43
Cooper President country audience concert song reports Russians, Chinese are brothers forever: Putin speaks highly of bilateral ties on China visit
China visit, Russian President Vladimir Putin spoke highly of the people-to-people ties between the two countries, saying that the Russians and the Chinese are "brothers forever", state news agency TASS reported. Weighing in on the relations between Moscow and Beijing, the Russian President compared it to a song from the 1940s.
17.05 / 03:09
markets UPS Reuters Manufacturing economy show reports China retail sales, investment data miss expectations in April
BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.
16.05 / 21:13
Action Election Bill country recommendations US Senators Propose $32 Billion Investment Plan to Boost AI and Tech Growth
A bipartisan group of four senators urged Congress to take bold, decisive action to secure American leadership in the artificial intelligence (AI) sector on May 15.
16.05 / 18:08
Cooper security President country reports International Friend Russia's Vladimir Putin meets 'old friend' Xi Jinping of China. What happened next? Deals, concert and tea ceremony
discussed measures to “deepen" their strategic cooperation and partnership. A lot happened on the first day of Putin's visit to China. Here's all you need to know: Xi Jinping welcomed Putin, saying, “Dear President Putin, my old friend, we welcome your participation in the Third Belt and Road Forum for International Cooperation." Later, the two leaders held a key meeting on Thursday.
16.05 / 13:47
security Sustainability President War country peace China and Russia reaffirm ties as Moscow presses offensive in Ukraine
Russian President Vladimir Putin has thanked Chinese leader Xi Jinping for China’s proposals on ending the war in Ukraine, which have been rejected by Ukraine and its Western supporters as largely following the Kremlin’s line
16.05 / 11:13
UPS Citi Enterprise Trade stage track China property stocks rally as more cities unveil rescue steps
Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-estate sector. The Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, was up 5.6% in afternoon trading Thursday.
16.05 / 09:45
UPS Aware Career Remark Election "PoJK temporarily slipped away due to someone's weakness or mistake": EAM takes veiled swipe at Nehru, Congress
Nehru and the Congress, External Affairs Minister S Jaishankar on Thursday said India lost its hold on Pakistan-occupied Jammu and Kashmir (PoJK) due to «someone's weakness or mistake». Jaishankar made the remarks while addressing a programme event titled 'Vishwabandhu Bharat' To a question on what would China's response be if India crossed the 'Lakshman Rekha' and integrated PoJK to the Union of India, given that the China-Pakistan Economic Corridor passes through Pakistan-occupied Gilgit Baltistan, the External Affairs Minister said, «I don't believe there's any such thing as a 'Lakshman Rekha'. I think PoJK is a part of India, and due to someone's weakness or mistake, it's temporarily slipped away from us.»
16.05 / 07:03
UPS Provident Election President country consequences Maldives matters: India’s moving to foil Chinese designs
It’s a measure of the strategic importance of the Indian Ocean Region (IOR) archipelago of the Maldives that India recently chose to host its new foreign minister, Moosa Zameer, despite the hurly-burly of Lok Sabha elections. With the Maldives’ President Mohamed Muizzu-led government already in China’s tight embrace, and the consequent turbulence in bilateral ties, India can ill-afford to cede further space to Beijing.
15.05 / 18:55
Cooper War stage country Interviews peace Ahead of China trip, Putin says willing to negotiate on Ukraine
Vladimir Putin says the Kremlin is prepared to negotiate over the conflict in Ukraine, in an interview with Chinese media on the eve of visit to partner Beijing that has backed Moscow in its full-scale invasion of its neighbour. «We are open to a dialogue on Ukraine, but such negotiations must take into account the interests of all countries involved in the conflict, including ours,» Putin was quoted as saying by Xinhua news agency on Wednesday.
15.05 / 12:11
markets Provident economy country travelers International boating China to allow visa-free entry for foreign tour groups arriving by cruise ships
China will allow visa-free entry for foreign tour groups that come to the country via cruise ships in a further bid to attract international visitors and boost its sluggish inbound travel market. Overseas tour groups on cruise boats will be able to enter and stay in China without a visa for up to 15 days, according to the National Immigration Administration. The new policy will be effective from May 15. Tour groups can enter China from 13 ports including Shanghai, Qingdao, Dalian and Haikou, Mao Xu, a senior official with the immigration administration, said at a press conference in Beijing on Wednesday. Qualifying tour groups need to be received and handled by domestic travel agencies and will be allowed to travel to coastal provinces as well as the capital, Beijing, while they are in China, Mao said.
15.05 / 02:59
Reuters Gap Trade President show reports testing Dollar droops ahead of crucial CPI test; yen under pressure
dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.
15.05 / 02:59
Provident security Myanmar Trade country reports Myanmar in talks with Russia to build deepsea port & oil refinery upsetting Chinese
Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.

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