City Beijing Financial News
06.03 / 07:07
markets
UPS
Manufacturing
Tesla
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country
Will China drive its electric cars in from Mexico?
Monterrey, Mexico Outside this city, 150 miles south of the Texas border and in the shadow of the Sierra de Santa Catarina, is a cactus-dotted field. If all goes well, this unassuming site will be home to Tesla’s Giga Mexico, which could become the world’s largest electric-vehicle factory. The project promises thousands of jobs and as much as $15 billion in investment from Tesla and its suppliers.
06.03 / 04:05
Apple
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Apple Inc Asian suppliers rattled by iPhone sales slump in China
Investing.com-- Shares of Apple Inc's (NASDAQ:AAPL) Asian suppliers fell on Wednesday, tracking an overnight slump in the tech giant after media reports showed Chinese sales of its flagship iPhone tumbled in the beginning of 2024.
06.03 / 03:53
markets
Provident
Apple
trends
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Asian stocks
Asian stocks dip as China weighs, rate anxiety builds before Powell
Investing.com-- Most Asian stocks fell on Wednesday with an underwhelming economic outlook from China providing little support, while overnight losses in Wall Street spilled over as markets grew skittish before more signals on U.S. rates.
06.03 / 02:55
05.03 / 16:11
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Reuters
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China drops 'peaceful reunification' reference to Taiwan, raises defence spending by 7.2%
China reiterated a call for "reunification" with Taiwan, but added emphasis that it wants to "be firm" in doing so and dropped the descriptor "peaceful", which had been used in previous reports. Although it is not the first time that China had omitted the word "peaceful", the change in language is closely watched as a possible sign of a more assertive stance towards Taiwan. China has been increasing its military budget, and it has been more than doubled under President Xi Jinping's 11 years in office, Reuters reported.
05.03 / 14:28
UPS
Analysis
economy
Sustainability
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reports
China stocks back in the sights of global fund managers
A shift away from Chinese equities by global long-term investors has taken a pause, with some funds getting less bearish, according to Morgan Stanley.
05.03 / 13:51
UPS
Target
Action
Strategy
economy
Research
reports
China's plans for 2024 prioritize technology, offer scant comfort for businesses and investors
China's blueprint for its economy in 2024 is replete with goals and promises, but it's also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for
05.03 / 11:11
05.03 / 11:11
05.03 / 10:26
markets
Target
economy
China needs to unlock more stimulus to meet 5% GDP target- ANZ
Investing.com-- The Chinese government will likely need to unlock more stimulus to meet its 5% GDP target for 2024, analysts at ANZ said in a note on Tuesday.
05.03 / 10:26
05.03 / 09:51
UPS
security
innovations
information
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Schools
China to step up quantum computing, AI in tech self-sufficiency drive
China will formulate plans to develop emerging industries including quantum computing and continue striving to achieve self-sufficiency in technology, a government work report said. It will also step up efforts in big data and artificial intelligence (AI) and intends to launch a number of major science and technology programmes to meet major strategic and industrial development goals, the report shows.
05.03 / 08:19
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economy
Election
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gatherings
What you should know from the opening of China's legislature
China’s Premier Li Qiang promoted an image of confidence as he announced modest economic growth goals for the country at one of its most important political gatherings
05.03 / 05:51
UPS
Citi
Remark
reports
gatherings
Malaysia's prime minister resists US pressure and says Malaysians don't have a problem with China
Malaysia’s prime minister has spoken up in defense of his administration's ties with China and complained over alleged pressure by the United States and its allies on regional nations to take sides in the West’s strategic rivalries with Beijing
05.03 / 05:51
05.03 / 05:51
05.03 / 05:51
05.03 / 05:51
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security
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Universities
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China in a surprise announcement says it is eliminating annual news conference by premier
The Chinese government says it is eliminating an annual news conference by the premier that was one of the only times a top Chinese leader took questions from the news media
05.03 / 03:15
markets
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economy
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country
Asian stocks
Asian stocks dip, Hang Seng tumbles as China outlook fails to impress
Investing.com-- Most Asian stocks fell on Tuesday as investors collected recent profits in the technology sector, while China’s economic outlook and plans for the year spurred little improvement in sentiment towards the country.
05.03 / 02:47
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China vows to 'transform' economy, targets stable growth of around 5%
By Antoni Slodkowski, Andrew Hayley and Eduardo Baptista
05.03 / 02:47
markets
Blockchain
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testing
Dollar a spectator to China news, yen ponders rate risks
dollar held steady on the yuan on Tuesday as markets digested a welter of policy statements out of China, while a rebound in Tokyo inflation seemed to take Japan a step closer to the end of negative interest rates. There was more action in bitcoin, which gained 1.2% to $68,341 after surging more than 7% on Monday. The blockchain asset has benefited from flows into cryptocurrency exchange-traded funds, most notably in the United States.
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