City Beijing Financial News

20.01 / 07:47

markets UPS Trade show China's 2023 coal imports from Australia rise, but below pre-ban era

BEIJING (Reuters) — China's coal imports from Australia picked up in 2023 after a ban of nearly two years was lifted, but they remained below pre-ban levels as the supplier tries to regain market share from cheaper competitors Mongolia and Russia.

20.01 / 06:13

markets UPS economy Enterprise Trade China’s $6.3 trillion stock selloff is getting uglier by the day

Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high. The Hang Seng China Enterprises Index has already lost 11% in 2024.

19.01 / 11:39

COST UPS security economy President show Annual foreign investment flows into China shrinks first time since 2012

By Joe Cash

19.01 / 11:39

Provident security show reports Investigations Relationships ABB's China operations under investigation by U.S. Congress

ZURICH (Reuters) — Swiss engineering group ABB (ST:ABB)'s operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats and risks posed by Beijing, documents showed on Friday.

19.01 / 09:47

Citi Target Reuters economy country information reports Exclusive-China orders indebted local governments to halt some infrastructure projects-sources

(Reuters) — China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy.

19.01 / 04:26

markets Target security economy Fitch show reports Broker China’s biggest stock broker suspends short-selling as markets tumble- BBG

Investing.com-- CITIC Securities Co Ltd (SS:600030), China’s biggest brokerage, restricted short-selling for some clients amid growing, outsized losses in local stock markets, Bloomberg reported on Friday citing people with knowledge of the matter.

19.01 / 02:17

COST Manufacturing economy HANS Caseys Trade Red Sea crisis pressures China's exporters as shipping delays, costs mount

By Samuel Shen, Casey Hall and Ellen Zhang

18.01 / 19:11

Provident CEO Platform Tesla show country social Tesla to show Cybertruck in China

Tesla (NASDAQ:TSLA) China announced plans to embark on a countrywide tour to exhibit its leading Cybertruck pickup, as revealed on WeChat, China's social media messaging platform.

18.01 / 11:35

Blockchain Binance Digital Tether Trade Bitcoin country Laundromats and VPNs: How China’s Crypto Traders Are Evading the Rules

Small investors in China are using an underground network of brokers and go-betweens to skirt the country’s strict rules on cryptocurrency trading. China is officially one of the world’s toughest jurisdictions for cryptocurrencies. Beijing banned crypto trading in 2021, and authorities have since detained, fined and jailed people working in the sector.

18.01 / 04:31

Waves Career economy Universities country innovations Analysis-China's ageing population threatens switch to new economic growth model

By Farah Master

18.01 / 04:31

markets Target FIVE economy Sustainability Trade show Asian stocks Asian stocks skittish as rate-cut hopes wane, China plumbs 5-year lows

Investing.com-- Most Asian stocks kept to a tight range on Thursday as strong U.S. data further dented bets on early interest rate cuts by the Federal Reserve, while a rout in Chinese shares worsened in the wake of disappointing GDP readings.

18.01 / 03:55

UPS Progressive Election show country 24 Chinese warplanes around Taiwan in first show of force since poll

Chinese warplanes were detected around Taiwan, with 11 crossing a sensitive median line separating the self-ruled island from China, Taipei's defence ministry said Thursday, the first significant show of force since the weekend's presidential election. The ministry, which releases data daily on the Chinese military presence around Taiwan, said Thursday that 24 warplanes and 5 ships had been detected in the 24 hours leading up to 6 am (2200 GMT). «11 of the detected aircraft had crossed the median line of the Taiwan Strait or entered Taiwan's southwest and north (air defence identification zone),» the ministry said in a statement.

18.01 / 03:35

economy performer country Chinese shudders: Fewer people is bad news

For an economy already caught in a slowdown, Wednesday’s release of China’s population data made it a double whammy. The official headcount fell for the second straight year in 2023. The decline of 2.08 million, though small for a country of more than 1.4 billion, was twice the fall in 2022, its first in six decades.

18.01 / 01:51

markets Citi economy trends Trade show International China's commercial real estate market attracts bargain hunters as prices plummet

Colliers International Group Inc., which says prime office values tumbled about 30% from their pre-Covid high in some of the nation’s major cities. “Given how deep prices have corrected, there are lots of bargain-hunting opportunities," said Jimmy Gu, a deputy managing director and co-head of capital markets and investment services at Colliers. “It all depends on buyers’ outlook for the economy." Grade-A offices in Shanghai and Beijing used to be sought after by global real estate funds, making them more attractive than those in New York and London.

18.01 / 01:27

Waters wellness Trade country exclusive peace China, Philippines seek better communication, management of conflicts in South China Sea

BEIJING (Reuters) -China and the Philippines agreed to improve maritime communication and to properly manage conflicts and differences through friendly talks in regards to issues around the South China Sea, according to a statement from the Chinese foreign ministry.

17.01 / 16:14

Death trends country China’s Population Decline Accelerated Last Year

China’s population decline accelerated last year, worsening a demographic gloom that has taken on increasing urgency for Beijing. China ended 2023 with 1.410 billion people, the National Bureau of Statistics said Wednesday, down from 1.412 billion in 2022, when it hit a historic turning point: the first year the population shrank since starvation years in the early 1960s. Over the past year, China’s population dropped by 2.08 million, more than twice as many as in 2022.

17.01 / 16:14

Citi Career Election President Universities medicines Taiwan’s New Leader Says He’ll Stick to Status Quo

TAINAN, Taiwan—More than a decade ago, some residents of this southern Taiwanese city got a lesson in the character of the man who is now set to be Taiwan’s next president. Lai Ching-te, then Tainan’s mayor, wanted to move a section of railway underground. Residents whose homes would have to be demolished blocked bulldozers with their bodies and accused him of selling them out to property developers.

17.01 / 12:27

markets UPS Target economy show country Futures lower, Chinese annual growth figures - what's moving markets

Investing.com -- U.S. futures point lower on Wednesday, with traders gauging the potential for Federal Reserve interest rate cuts this year following a hawkish statement from a top official at the central bank. Elsewhere, Walt Disney (NYSE:DIS) rejects a raft of nominees to its board put forward by activist investors, while headwinds against the Chinese economy loom despite the country posting annual growth that beat Beijing's target.

17.01 / 10:26

markets UPS Target economy show country Q4 China Q4 GDP grows less than expected at 5.2%, beats 2023 target

Investing.com-- China’s economy grew slightly less than expected in the fourth quarter amid consistent pressure from weak spending and a property market decline, although growth for 2023 managed to just edge past government targets.

17.01 / 10:26

markets COST wellness President reports International China's SAIC set to add 14 vehicle vessels to boost exports

SHANGHAI/BEIJING (Reuters) -SAIC Motor Corp plans to add 14 vehicle vessels in the next three years to its fleet of carriers as the state-owned Chinese automaker aims to boost sales in overseas markets, it said on Wednesday.

17.01 / 10:26

markets Target economy Nikkei Trade show country Asian stocks Asian stocks hit by rate-cut uncertainty, middling China GDP; Nikkei rises

Investing.com-- Most Asian stocks fell on Wednesday as Federal Reserve officials downplayed expectations for early interest rate cuts, while economic growth figures from China largely underwhelmed markets.

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