City Beijing Financial News

17.01 / 09:55

markets UPS economy Experts show reports fall Metal stocks fall up to 5% led by SAIL. Here’s why

The Nifty Metal index was the second worst performer for the day, behind Nifty Bank and fell 2.5% to the day's low of 7,736.15. In the 15-stock index, 14 were on the losing side. The other major losers were APL Apollo Tubes, Jindal Steel & Power and National Aluminium Company, each down by 3.3% around 2 pm on Wednesday.

17.01 / 09:33

economics Asia World Economic Forum GDP analyst China meets 2023 GDP growth target but misses fourth-quarter analyst forecasts

Official statistics also revealed that the property sector, entangled in a three-year debt crisis, continued to face challenges in 2023.

17.01 / 07:00

Progressive Manufacturing security economy Election President China may be losing its sway over Taiwanese business

elected as Taiwan’s president. He thus secured a third term for his pro-independence Democratic Progressive Party (DPP). The vote will shape relations between self-governing Taiwan and China, which wants the island to be governed from Beijing.

17.01 / 05:29

Target Death Coronavirus Experts Virus strain China continues experiments with 'lethal' COVID strain; experts raise alarm: ‘This madness must be...’

coronavirus strain, GX_P2V. It resulted in a 100% fatality rate in genetically-modified mice. This strain is a mutation of GX/2017, a virus initially identified in Malaysian pangolins in 2017.

17.01 / 02:21

Citi Reuters reports Schools Updates China misses fourth-quarter GDP estimates, resumes posting youth unemployment data

BEIJING — China has resumed reporting the unemployment rate for young people.

17.01 / 02:11

Target economy Research President country audience reports China GDP grew around 5.2% in 2023 without relying on 'massive stimulus', Premier Li says at Davos

Li Qiang said in Davos, Switzerland. “Last year in 2023, the Chinese economy rebounded and moved upward with an estimated growth of around 5.2%, higher than the ‘around 5%’ target set at the beginning of last year," Li said on Tuesday in his first appearance as China’s No. 2 official at the annual World Economic Forum.

17.01 / 01:39

markets Target FIVE JPMorgan economy pandemic International China's economic growth is set to slow in 2024. Here's what Wall Street is predicting

BEIJING — Major international investment banks expect China's economy to grow at a slower pace in 2024 than in 2023, according to annual forecasts released in the last few months.

16.01 / 12:19

UPS Cooper economy President peace open WEF at Davos: China's Premier Li Qiang tells world it is growing and open for business

Li Qiang said on Tuesday in Davos the Chinese economy was open for business and highlighted its potential for foreign investment as its vast population becomes rapidly more urban and its middle class is forecast to grow. As China grapples with a sluggish post-pandemic recovery and a real estate slump, overseas executives have grown concerned about its long-term growth prospects for the first time in the four decades since Beijing opened it up to foreign investment.

16.01 / 12:01

CEO economy Election President rock Relationships NOT Trump is a 'transactional president' but may not rock the boat on China, Standard Chartered CEO says

Former U.S. President Donald Trump would be a «transactional president» if he returns to power, but is unlikely to blow up the Biden administration's rebuilding of relations with China, according to Standard Chartered CEO Bill Winters.

16.01 / 12:01

Cooper security Remark President country innovations International China's premier tells Davos that innovation shouldn't be used to restrict other nations

Chinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries.

16.01 / 10:01

Action economy Research President tenor reports Headlines China weighs more stimulus, considers $139 billion of debt issuance under special bonds

Also Read: China may be losing its sway over Taiwanese business The deliberations underscore efforts by President Xi Jinping’s government to shift spending responsibility from debt-laden local officials to central authorities in support of an economy that is struggling to maintain momentum. Rigid deflationary pressures, the ongoing property crisis and weak domestic demand are all weighing on activity and suppressing confidence, prompting calls among economists and investors for further stimulus.

15.01 / 19:37

markets COST UPS Manufacturing Trade President country Flush with funds, US factories stare at China challenge

China. That is drawing the attention of President Joe Biden and his aides, who are considering new protectionist measures to make sure American industry can compete against Beijing. As US factories spin up to produce electric vehicles, semiconductors and solar panels, China is flooding the market with similar goods, often at significantly lower prices. A similar influx is also hitting the European market.

15.01 / 19:34

Manufacturing Election Trade President War electronic Chip-maker Taiwan’s electorate has rebuffed Beijing

Taiwan is pivotal to the geopolitics of Asia and the future of global technological leadership. Communist China has never controlled Taiwan, a self-governing democracy, but arrogates to itself the right to take Taiwan over at a time of its choice, regardless of what Taiwanese think. How to deal with Communist China is therefore always a central issue in Taiwan’s elections.

15.01 / 13:26

Election President War country social peace The ruling-party candidate strongly opposed by China wins Taiwan's presidential election

Ruling-party candidate Lai Ching-te has emerged victorious in Taiwan’s presidential election and his opponents have conceded

15.01 / 13:25

Align Election community President country reports International Taiwan president-elect Lai Ching-te has steered the island toward democracy and away from China

Lai Ching-te is Taiwan’s president-elect who has vowed to safeguard the Asian island’s de-facto independence from China and further align it with other democracies

15.01 / 12:01

markets Reuters NVIDIA Research wellness Universities show Exclusive-China's military and government acquire Nvidia chips despite US ban

By Eduardo Baptista

15.01 / 10:45

markets Progressive Sustainability Election Nikkei show performer Asian stocks Asian stocks inch higher as rate-cut bets persist, Nikkei extends rally

Investing.com-- Most Asian stocks rose past early weakness on Monday as traders maintained bets that the Federal Reserve will cut interest rates early, with Japanese markets extending a rally to 34-year highs.

15.01 / 08:20

Reuters Progressive Election country ‘China used economic aids to…’: Taiwan as Nauru switches diplomatic recognition

AFP. China said it welcomed Nauru's decision to cut ties with Taiwan.

15.01 / 07:19

Progressive Election War Videos peace stake Why China Is Going All-Out To Influence Elections In Taiwan | What's At Stake?

The 20 million people voting in Taiwan are being k... moreThe 20 million people voting in Taiwan are being keenly watched from across the strait.

15.01 / 07:19

UPS Cooper Election President stage Relationships India-Maldives row: Why does Maldives want Indian troops out | Explainer

Male sets deadline for Indian troops' withdrawal, EAM says ‘cannot guarantee…' India's government has traditionally considered the Maldives, home to around half a million people, to be within its sphere of influence. China and the Maldives upgraded their relationship during Muizzu's first state visit to Beijing last week by agreeing to a "comprehensive strategic cooperative partnership" that sets the stage for the Asian giant to up its investments in the Maldives.

15.01 / 03:27

Citi Provident Cooper Election President country ‘India should be alert…’: Shashi Tharoor warns on growing proximity between Maldives and China

President Muizzu who recently completed a state visit to China, during which Beijing agreed to provide $130 million for the development of Male, the capital city. The two countries also signed an agreement on agricultural cooperation.

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