City Beijing Financial News

Chinese President Xi Jinping is kicking off a three-country trip to Europe with the continent divided over how to deal with Beijing’s growing power and the U.S.-China rivalry

French President Emmanuel Macron has put trade disputes and Ukraine-related diplomatic efforts at the top of the agenda for talks with visiting Chinese President Xi Jinping

China said on Tuesday its military took steps to warn and alert an Australian aircraft after Australia blamed a Chinese fighter jet for endangering one of its military helicopters during an «unsafe» confrontation over the Yellow Sea.

Indian companies are also not usually running second to the Chinese in many sectors, especially in cutting-edge technology domains. The pressures on or exit of Chinese companies under Europe’s new laws, thus, might not necessarily create openings for Indian companies to take advantage of. What is, therefore, likely to happen, is similar to what has happened with Indian expectations of friend-shoring.

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, which starts in France on Monday

SINGAPORE—In explaining China’s recent export surge, which has alarmed business leaders and politicians in the U.S. and Europe, many have blamed the country’s lavish manufacturing subsidies and bulging industrial capacity. But there is another factor at play: China’s currency, and inflation—or its absence.

SINGAPORE—Across China and among the global scientific community, Friday’s launch of a Chinese mission to collect samples from the moon’s far side has been hailed for its potential for a scientific breakthrough. But in the U.S., lawmakers and the National Aeronautics and Space Administration are closely watching the expedition with trepidation: as a milestone in a rival’s campaign to build a base on the moon’s most strategic location. The latest frontier of the U.S.-China technological Cold War orbits 240,000 miles above us.

Student demonstrations spreading across U.S. campuses have drawn attention in Beijing, where comments by some officials and state media have conveyed sympathy for the protesters and criticism of what is seen as a U.S. double standard on protest crackdowns.

BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can't afford to take it easy in the country's electric car boom if they want to survive.

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, as the Asian giant rebuilds its foreign relations after a prolonged absence during the Covid-19 pandemic. Xi will start the tour in Paris on Monday, meeting with French President Emmanuel Macron, who has been stressing the idea of European strategic autonomy from the U.S. On a visit to Beijing last year, Macron courted controversy by saying France would not necessarily always align with the U.S. in foreign policy, an apparent reference to American support for the self-governing republic of Taiwan, which China claims as its own territory to be annexed by force if necessary.

Shaksgam Valley to be our territory. We have never accepted the so-called China-Pakistan boundary agreement of 1963 through which Pakistan unlawfully attempted to cede the area to China." Randhir Jaiswal added. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Thursday that the Shaksgam valley is a part of India and New Delhi never accepted the so-called China-Pakistan boundary pact of 1963 through which Islamabad "unlawfully" attempted to cede the area to Beijing.

India has lodged a strong protest with China for carrying out construction activities in the Shaksgam valley, in an «illegal» attempt to alter the situation on the ground. Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Thursday that the Shaksgam valley is a part of India and New Delhi never accepted the so-called China-Pakistan boundary pact of 1963 through which Islamabad «unlawfully» attempted to cede the area to Beijing. «We have consistently conveyed our rejection of the same. We have registered our protest with the Chinese side against illegal attempts to alter facts on the ground,» Jaiswal said at his weekly media briefing. «We further reserve the right to take necessary measures to safeguard our interests,» he said.

The scale of investment by the world’s two superpowers as they conduct a proxy war through aggressive industrial policies is epic. Given the opaque nature of China’s Communist Party government, the most cited estimate is that even five years ago, China was spending 1.7% of GDP on industrial-policy projects. That ratio has surely gone up since.

Mint. The firm has at least $1.5 billion invested in India across three strategies: primary funds, secondary transactions, and direct co-investments. “We expect a material increase in investments in India.

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report. Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday. The online technology publication quoted from a Musk email in which he vowed to be «absolutely hard core about headcount and cost reduction.»

HSBC Holdings Plc’s Chief Executive Officer Noel Quinn is stepping down, an unexpected move that comes as Europe’s largest lender tries to navigate the deterioration of ties between China and the US.

HONG KONG—Some U.S. consumer brands in China are struggling with tepid consumer demand and a trend toward nationalist buying. McDonald’s is leaning in.

Shares of Tesla stock have rallied after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren’t clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues.

Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. The Tesla boss has managed to get a key clearance from China that will be a big shot in the arm for the behemoth EV maker's efforts to resurrect declining sales and win trust in China where their own automakers such as BYD have threatened Tesla's dominance. Tesla's cars made in China passed key data security and privacy requirement in China, handing Musk a major win who visited Beijing to seek approval to introduce driver-assistance software. This is according to the China Association of Automobile Manufacturers. Before, some places in China banned Tesla cars because they were worried about how they collected data. Meanwhile, Reuters reported citing sources that Baidu, a prominent Chinese internet search company, has reportedly struck a deal with Tesla, allowing the car manufacturer access to its mapping license for gathering data on public roads in China.

BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company's China-made vehicles passed the country's data security requirements, the automaker said Sunday.