City Beijing Financial News

07.01 / 19:24

Provident security Myanmar China pushes for expediting SEZ in Myanmar's Bay of Bengal zone

China is pushing to expedite construction of its stalled Special Economic Zone (SEZ) in western Myanmar's Rakhine state aimed at ensuring smoother access to the Bay of Bengal. The initiative could potentially cast a shadow over India's strategic interests in the region where it has been a traditional net security provider even as a belligerent Beijing has been seeking a foothold. Myanmar's military junta and Chinese state-owned company CITIC recently signed an addendum to the concession agreement for the Kyaukphyu SEZ and deep sea port.

06.01 / 16:32

UPS Trade Bangladesh votes today; Hasina aims to return for 4th term

incumbent Prime Minister and New Delhi's close ally, Sheikh Hasina, looks to return to power for the fourth straight term amid boycott by the Opposition Bangladesh Nationalist Party. A total of 1,896 candidates are in the fray for the 300 seats. This time, 5.1% of the total candidates are women — the highest such share ever. Counting will begin after polls end on Sunday afternoon.

06.01 / 12:43

UPS Citi Parke ICE pandemic social China's annual snow festival in Harbin wows tourists with dazzling ice sculptures

HARBIN, China, — China's annual Ice and Snow Festival, with its fairy-tale ice sculptures, opened on Friday attracting throngs of tourists who shuffled carefully over the slippy ice and snow and dragged their children in sledges around the park. This year the ice park spans 810,000 sq metres with 250,000 cubic metres of sculptured ice, harvested from the nearby frozen Songhua River, and lit up at night with colourful lights. The sculptures, some a few-storeys-high, featured Chinese-style buildings and bridges, fairy-tale castles, towers and one fashioned after Beijing's Temple of Heaven.

05.01 / 17:10

markets Tesla Highways Nov prevention Traffic Investigations Tesla recalls over 1.6 million imported vehicles

Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China to fix problems with their automatic assisted steering functions and door latch controls

05.01 / 15:57

Asia funds LSEG Lipper Asian funds endure poor performance in 2023 as local currency bonds thrive

Of the firm's 124 equity categories, 19 returned a net negative performance in 2023, with the bottom ten dominated by Asia exposures.

05.01 / 13:34

Citi Provident Waters Southern Research country International Sri Lanka declares moratorium on research ships for a year amid Indian concerns over Chinese vessels

Sri Lanka has declared a moratorium on foreign research ships entering its waters for a year amid concerns from India over Chinese research vessels docking in its neighborhood. Though the moratorium comes ostensibly for capacity building it is seen as a reaction to growing concerns in India.

05.01 / 11:23

Asia S&P 500 equities China unveils new blue-chip index in bid to boost investment in Beijing listings

This new index features a less heavy financial skew, instead aiming for a greater balance, with a higher allocation towards healthcare and new energy companies.

05.01 / 09:54

markets Waves economy Trade consequences testing 2024 Xi Jinping Faces an Economic Test of Will in 2024

If the most important development of 2024 will be the wave of elections sweeping the democratic world, the second-most important story to watch is China’s economy. It boils down to two questions: What is it that has steeled Xi Jinping’s nerve to drive China into this—possibly necessary—economic turmoil, and can he keep his resolve over the next 12 months? The deterioration of the Chinese economy is, perhaps surprisingly for anything involving China, reasonably well understood. The country has never recovered from the twin shocks of a Beijing-induced property-market slowdown and the draconian (and failed) zero-Covid policy of the pandemic era.

05.01 / 08:56

markets Software Tesla Updates Tesla to fix 1.62 million vehicles in China - regulator

BEIJING (Reuters) -Tesla is doing an effective recall on 1.62 million vehicles, including its models S, X, 3 and Y in China, the market regulator said on Friday.

05.01 / 08:54

Reuters Freedom track country reports rights Investigations Thermo Fisher halts forensic tech sales in Tibet

By Andrew Silver

04.01 / 23:53

markets FIVE Tesla HANS song information International BYD's five best-selling cars, including one edging out Tesla's Model Y in China

BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in 2023, thanks in part to the Chinese automaker's hybrids and wide range of offerings in a lower price range.

04.01 / 18:25

markets UPS Manufacturing Gap Tesla Research Trade China's BYD is rivaling Tesla in size. Can it also match its global reach?

A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer

04.01 / 14:42

Action economy Forbes Browser innovations Podcasts China Stress-Tests Global Economy At Moment Of Maximum Anxiety

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04.01 / 04:17

IPO CEO Strategy ByteDance Research 2020 reports Alibaba was once a Wall Street darling. After plunging 75% over three years, what's next?

BEIJING — It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.

03.01 / 15:25

Waters Aware security Southern President country rights China announces 'routine' military patrols in disputed South China Sea

China on Wednesday announced «routine» military patrols in the South China Sea, following recent clashes between countries in the disputed waterway. The People's Liberation Army's Southern Theater Command said it had «organised naval and air forces to conduct routine patrols» in the sea from January 3 to 4. The statement did not mention where exactly the patrols would take place or give specific details of their aims. Beijing claims almost the entire South China Sea and has ignored an international tribunal ruling that its assertions have no legal basis.

03.01 / 13:38

UPS SUN Election President reports China’s Balloons Are Back. This Time They Are Over Taiwan.

TAIPEI—Nearly a year after the appearance of a suspected Chinese spy balloon over the U.S. sent relations between Beijing and Washington into free fall, high-altitude balloons from China have again been spotted floating over sensitive territory. This time, it is the main island of self-ruled Taiwan, which is days away from holding a presidential election with ramifications for the future of U.S.-China relations.

03.01 / 09:52

Provident security economy Trade War electronic Politicisation of trade is immoral and unsustainable, China says

BEIJING (Reuters) — China on Wednesday said a situation in which national security restrictions severely impede global growth due to «the politicisation of economic and trade issues» would be «immoral and unsustainable». after a International Monetary Fund warning.

03.01 / 08:18

Reuters Ripple Gap economy show prevention Exclusive-China's top banks tighten exposure to smaller peers to curb credit risk, sources say

(Reuters) — Some of China's top banks have sharpened scrutiny of smaller peers' asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a deepening property debt crisis ripples through the economy.

03.01 / 06:52

Healthcare performer track country social innovations medicines China money managers rush to create funds tracking new A50 index

SHANGHAI (Reuters) — Chinese money managers are rushing to create funds tracking the newly-launched CSI A50 Index, which analysts say is a better reflection of China's economic landscape and government priorities than the country's stock benchmarks.

03.01 / 06:31

Reuters Manufacturing Apple Tesla MSCI reports Asian shares extend global sell-off as rate hopes ebb

By Stella Qiu

03.01 / 06:29

BLOCK Progressive Aware Racing President reports 'Hawkish' China military squeeze on Taiwan likely after election

By Yew Lun Tian and James Pomfret

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