City Beijing Financial News

12.01 / 03:03

markets UPS Target Reuters economy show fall China's economy faces growing deflationary pressures as prices extend fall

BEIJING (Reuters) -China's consumer prices declined for a third month in December while factory-gate prices extended their prolonged slide, highlighting persistent deflationary pressures in an economy struggling to mount a solid recovery.

11.01 / 20:52

markets UPS Manufacturing economy country reports Chinese auto exports rose 64% in 2023, with strong push by EVs, as makers expanded overseas

An industry association reports that China’s auto exports surged 63.7% in 2023 while sales at home rose 4.2%

11.01 / 20:51

UPS Manufacturing economy Election pandemic Trade NOT Taiwan's election is shaped by economic realities, not just Beijing's threats to use force

Beijing's threat to use force to claim the self-governed island of Taiwan isn't just about missiles and warships

11.01 / 10:25

Manufacturing Remark cover Department Investigations China says the U.S. has 'weaponized' chip export controls

BEIJING — China's Ministry of Commerce said Thursday the U.S. is weaponizing export controls and using them as a tool.

11.01 / 05:07

markets MET security MSCI country International China will make foreign investment easier, vice premier tells foreign executives

BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for foreign institutions to invest in the country, state media said.

11.01 / 02:33

wellness Trade show country Department Headlines International "Bharat now a strategic power... No longer can anyone show us red eye and get away with it": Rajnath Singh in London

Rajnath Singh on Wednesday said Beijing's perspective has altered drastically with the emergence of New Delhi as a 'strategic power'. «A columnist for the Global Times, which, in a way, is a mouthpiece for China, published an article with the headline 'What I see about Bharat narrative in India'. This article is a ringing affirmation of the changing Chinese perspective on India.

11.01 / 02:11

MET security Election country reports China's Xi Jinping says supports Maldives in protecting 'sovereignty': state media

Xi Jinping told Maldivian counterpart Mohamed Muizzu that he supported the strategically located archipelago in protecting its "sovereignty", state media reported, after the two countries signed a number of infrastructure and other agreements. Muizzu was elected in September as a proxy for a pro-China predecessor jailed on corruption charges, vowing to cultivate «strong ties» with Beijing.

10.01 / 19:27

Cooper economy pandemic Trade President country reports Muizzu's bid to revive FTA with China may lead to debt crisis in Maldives

Maldives President Mohammed Muizzu has proposed to revive the free trade agreement with Beijing, but the move could push Male towards a debt trap. China's current share of Maldives total debt is 37% and there are fears that FTA will further increase debt share, pushing Maldives into a Sri Lanka-type crisis, ET has learnt. The Covid pandemic, notwithstanding India's generous assistance to the island nation, has dented Maldivian economy, according to observers.

10.01 / 14:19

COST UPS Reuters Trade show electronic China's exports seen improving in December as global trade picks up

By Joe Cash

10.01 / 13:41

markets Citi Trade President country reports India-Maldives row: President Mohamed Muizzu holds talks with China's Xi Jinping in Beijing

ALSO READ: India-Maldives row: ‘China one of our best allies’, Maldives President Muizzu urges Beijing to send more tourists He reached Beijing last night after staying in the Chinese city of Fujian for two days. In an address to the Maldives Business Forum in Fujian Province on Tuesday, Muizzu appealed to China to "intensify" efforts to send more tourists to his country.

10.01 / 12:45

UPS SUN Trade country International Xi Jinping elevates China’s ties with record number of nations to counter US

Xi Jinping upgraded diplomatic ties with a record number of countries last year as he seeks to rally the Global South to help reshape the US-led world order. Beijing elevated the way it described ties with 17 countries and territories, most of them from the developing world, according to a Bloomberg analysis of statements issued by the foreign ministry. That’s a pace not seen during Xi’s first decade in office.

10.01 / 11:21

markets UPS Volkswagen Tesla Audi show International VW, Toyota saw China market share shrink in 2023: industry association

By Qiaoyi Li and Brenda Goh

10.01 / 07:19

Action security Election President country song International Beijing will 'never compromise' on Taiwan: Chinese military tells US

Beijing will «never compromise» on the issue of Taiwan and urged them to stop «provocative actions» in the South China Sea, the defence ministry said Wednesday. China «stressed that it will never compromise or back down on the Taiwan issue,» the ministry said in a readout of the talks in Washington, held Monday and Tuesday, urging the United States to «stop arming» the self-ruled island, which is holding elections this week.

10.01 / 02:48

markets Remark President country reports Videos India-Maldives row: ‘China one of our best allies’, Maldives President Muizzu urges Beijing to send more tourists

India-Maldives row that caused the cancellation of reservations by Indian tourists after a diplomatic row erupted over the derogatory remarks against Prime Minister Narendra Modi. Addressing the Maldives Business Forum in Fujian Province on the second day of his five-day visit to China, Muizzu termed China as the island nation's “closest" ally. “China remains one of our closest allies and development partners." He praised the Belt and Road Initiative (BRI) projects launched by Chinese President Xi Jinping in 2014, saying that they "delivered the most significant infrastructure projects witnessed in Maldivian history", according to his speech.

09.01 / 23:56

Platform Align TikTok Research War social Videos TikTok restricts tool used by researchers - and its critics - to assess content on its platform

TikTok has restricted one tool researchers use to analyze popular videos

09.01 / 20:09

markets UPS Cooper economy Trade prevention International China aims for a quality boost as its economy recovers

The year 2023 marked the beginning of China’s push to promote its modernization. It was also a year of economic recovery following three years of covid prevention and control. Towards the end of the year, we saw many discussions about China’s economy.

09.01 / 01:15

markets UPS Citi Manufacturing economy 2020 reports 2024 China investors will be asking these 3 questions in 2024

BEIJING — Despite pockets of strong growth, China's investment story has been overshadowed in the last year by longer-term problems and tensions with the U.S.

08.01 / 20:14

FIVE security Election AeroVironment rights Relationships peace us sanctions China sanctions 5 US defense companies in response to US sanctions and arms sales to Taiwan

The move comes in response to U.S. arms sales to Taiwan and sanctions on China.

08.01 / 16:16

UPS Progressive Election President Taiwan gears up for historic presidential elections amid heightened US-China tensions

United States and China, is set to go into elections on 13 January. In what is set to be a historic year for elections worldwide, after Bangladesh concluded a rather violent general polls, all eyes are now set on Taiwan, as voters will head to the polls this week to choose their next president, vice president and legislative representatives. A population of 23.5 million people will vote in a poll process that outsizes itself in importance owing to the disputed political status.

08.01 / 14:46

UPS Reuters Cooper economy tenor Department Exclusive-China closes local government offshore financing loophole -sources

SHANGHAI (Reuters) -Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing, four sources familiar with the matter told Reuters.

08.01 / 12:00

UK US companies BAE Systems subsidiary included in China's company ban following Taiwan deal

The Chinese Foreign Ministry said in a statement on Sunday (7 January) that the sanctions were 'in response to these gravely wrong actions taken by the US', although they did not name the recent aid package specifically.

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