City Beijing Financial News

05.03 / 02:47

markets security AMD performer country reports Department AMD hits US roadblock in selling AI chip tailored for China, Bloomberg News reports

(Reuters) -Advanced Micro Devices hit a U.S. government roadblock in its efforts to sell an artificial intelligence chip tailored for the Chinese market, as part of Washington's crackdown on the export of advanced technologies to the country, Bloomberg News reported on Monday.

05.03 / 02:47

markets economy MSCI Nikkei Bitcoin show Asian stocks Asian stocks skid as China's NPC disappoints, bitcoin nears record

stocks stumbled on Tuesday, dragging Asian peers with them, as investors showed their disappointment at Beijing's plans to support the economy as its week-long annual session of parliament, the National People's Congress, got underway. Equities around the rest of the region were also on the back foot following a retreat from record highs on Wall Street overnight on signs the U.S. Federal Reserve is in no hurry to cut interest rates. U.S. stock futures also pointed lower.

05.03 / 02:47

markets Target trends Trade country reports Oil prices muted as China growth forecast underwhelms

Investing.com-- Oil prices moved little in Asian trade on Tuesday, nursing some losses from the prior session and seeing little support as top importer China presented a middling economic growth forecast for 2024.

05.03 / 02:17

Target FIVE Progressive show country reports China to set 5 percent economic growth goal for 2024

China will on Tuesday set a goal of five percent gross domestic product growth for the year, an official copy of a government work report seen by AFP showed, one of its lowest in decades and in line with last year. The GDP target is set to be officially unveiled later in the day at a meeting of the National People's Congress, China's parliament.

05.03 / 02:13

markets UPS Provident Manufacturing economy show China's services activity growth momentum softens in Feb, Caixin PMI shows

BEIJING (Reuters) — China's services activity grew at a slower pace in February, with business confidence moderating for the second month and firms trimming staff numbers for the first time since November, a private-sector survey showed on Tuesday.

05.03 / 02:13

markets BLOCK security NVIDIA AMD reports Department AMD blocked from selling AI chip geared specifically for China- Bloomberg

Investing.com-- Advanced Micro Devices Inc's (NASDAQ:AMD) attempt to greenlight an artificial intelligence chip geared specifically towards Chinese markets was rejected by U.S. officials, Bloomberg reported on Tuesday.

04.03 / 15:08

UPS economy Research show country China’s High-Wire Act: Downshifting Growth Without Slipping Into Stagnation

BEIJING—It is the end of the Chinese growth miracle as we know it, and Chinese leader Xi Jinping seems fine with that. The question now is whether he can steer the country onto a new course—and keep the rest of China on board. After three years of pandemic-era distortions, the longer-term trajectory of the world’s second-largest economy is coming into focus, and it is showing a plateauing of growth that would have alarmed previous Chinese leaders.

04.03 / 11:25

UPS Strategy Align Research Experts reports Chinese battery giant CATL looks to set up R&D centres in Hong Kong to underpin technology exports

By Sarah Wu

04.03 / 08:29

markets Digital ETF crypto ban Trade Bitcoin Bitcoin Etf China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally

China’s state-run media has once more cautioned investors against crypto investments as Bitcoin reached a two-year peak on Monday, near the $64,000 mark.

04.03 / 06:55

UPS Provident Micron Trade Justice Department U.S. Defeat in Micron Trade-Secrets Case Reveals Struggle Countering Beijing

U.S. officials across the political spectrum have described Chinese corporate theft as a defining threat of our times. A Justice Department loss last week underscores the challenges in addressing it.

04.03 / 04:03

markets economy Sustainability Nikkei trends Trade Asian stocks Asian stocks dip ahead of more China cues; Nikkei coasts past 40,000

Investing.com-- Most Asian stocks fell slightly on Monday, weighed chiefly by caution ahead of China’s national congress for 2024, although a sustained rally in technology stocks saw Japanese markets make new highs.

04.03 / 04:03

markets Reuters Manufacturing Tesla War show China's BYD prices new version of best-selling EV lower than predecessor

BEIJING (Reuters) — China's leading electric vehicle (EV) maker BYD (SZ:002594) on Monday launched a new version of its best-selling car at a price lower than the final price of its discontinued predecessor, as a price war rages in the world's largest automobile market.

04.03 / 03:28

markets Provident economy HANS President audience China pledges to increase opportunities for foreign companies as it seeks to boost its economy

Chinese Vice President Han Zheng has pledged to provide more opportunities for foreign companies in China as the government tries to restore confidence in the world’s second largest economy

04.03 / 03:27

markets UPS Target economy BURST Universities What to watch for as China's major political meeting of the year gets underway

One burning issue dominates as the 2024 session of China’s legislature gets underway this week: the economy

04.03 / 03:27

Citi Target SUN Career President Investigations The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption

The former chairman of the state-owned Bank of Beijing is under investigation for corruption, the latest in a series of graft investigations focused on the country’s financial sector

03.03 / 23:23

markets Target economy country innovations reports China's parliament to unveil more stimulus this week, bold reforms unlikely

By Kevin Yao

03.03 / 19:14

UPS Provident Boeing Southern Infinity show Malaysia may renew hunt for missing flight MH370, 10 years after its disappearance

first searched in 2018. He said he has invited the company to meet him to evaluate new scientific evidence it has to find the plane's final resting place. If the evidence is credible, he said, he will seek Cabinet's approval to sign a new contract with Ocean Infinity to resume the search.

03.03 / 16:37

UPS Aviat Airlines Boeing Infinity Investigations Malaysia says MH370 search must go on, 10 years after plane vanished

By Danial Azhar and Mandy Leong

03.03 / 10:05

economy wellness country reports gatherings International China's economy of 'great concern' at annual political meetings: spokesman

youth employment, was of «great concern» to its delegates on the eve of annual legislative meetings in Beijing. Thousands of delegates from across the country will convene in Beijing on Monday for the start of the ruling Communist Party's yearly conclave, known as the "Two Sessions".

03.03 / 09:53

markets COST UPS Manufacturing economy country shock The World Is in for Another China Shock

In the late 1990s and early 2000s, the U.S. and the global economy experienced a “China shock," a boom in imports of cheap Chinese-made goods that helped keep inflation low but at the cost of local manufacturing jobs. A sequel might be in the making as Beijing doubles down on exports to revive the country’s growth.

01.03 / 12:01

DOW Manufacturing wellness Trade US stock futures edge lower as rate outlook remains uncertain

Investing.com-- US stock futures fell marginally Friday, handing back some of the previous session's gains, as investors digested recent inflation data as well as quarterly corporate earnings.

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