City Beijing Financial News

It was a tumultuous 2023 for the Chinese economy

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

JD.com (NASDAQ:JD) was awarded 1 billion yuan (~$140M) in damages on Friday, after the company won an antimonopoly lawsuit against Alibaba (NYSE:BABA), according to JD's WeChat statement.

India and the Philippines in the disputed South China Sea, the Chinese military on Thursday said defence cooperation between different countries should not harm the interests of third countries and regional peace. Answering a question from Chinese official media about naval exercises between an Indian naval ship and the Philippines naval vessel besides plans by France to hold naval and air drills with the Philippine Navy, Spokesman of the Chinese Defence Ministry Senior Col Wu Qian said China has taken note of the reports.

Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV) on Thursday, while also announcing the company’s ambitious goal of becoming one of the world’s top five automakers.

Mr Dane Cheng, Executive Directorof the HKTB, said,“The Hong Kong New Year Countdown Celebrations is one of Asia’s most captivating countdown events, and has long been widely covered by the Mainland and international media and attracted large crowds to the performance. This year’s celebrations will be the largest that Hong Kong has ever seen on New Year’s Eve. Together with an East-meets-West musical, the performance will surely attract large crowds to enjoy the performance in person. I believe that this dazzling audiovisual extravaganza in Victoria Harbour on New Year’s Eve will boost the lively, vibrant night-time ambience across the city while showcasing Hong Kong’s unique appeal to the rest of the world." Largest-ever firework spectacle created by a world-renowned teamOn New Year’s Eve, when the countdown clock strikes midnight on the wall of the Hong Kong Convention and Exhibition Centre, Victoria Harbour will be transformed into a grand for the “New Year, New Legend" fireworks extravaganza.

In this article

BEIJING (Reuters) — China's manufacturing activity likely contracted for the third consecutive month, a Reuters poll showed on Thursday, weighed by soft demand for manufactured goods, a reading that would embolden calls for more policy support.

Chinese automaker, BYD (SZ:002594) announced Wednesday that they have secured a conditional testing license for level 3 autonomous driving on high-speed roads.

Russia has an interesting place in India's foreign policy game plan. As foreign minister S Jaishankar said on Tuesday during his five-day visit to Moscow, geopolitics and strategic convergence will always keep the bilateral ties on a positive trajectory. On Wednesday, Jaishankar and his Russian counterpart Sergey Lavrov walked the talk as the two sides agreed on the expansion of Russian hydrocarbon exports to India and cooperation in nuclear energy.

BEIJING (Reuters) — China will strive to expand domestic demand, ensure a speedy economic recovery and promote stable growth, according to an interim report on China's 14th five-year plan published by parliament on Wednesday.

A distillery in southwestern China is aiming to tap a growing taste among young Chinese for whisky in place of the traditional “baijiu” liquor used to toast festive occasions

China says it is banning a United States research company and two analysts who have reported extensively on claims of human rights abuses against Uyghurs and other Muslim minority groups native to the country’s northwest

BEIJING (Reuters) — Chinese electric vehicle giant BYD (SZ:002594) said on Wednesday it has obtained a conditional testing license for level 3 (L3) autonomous driving on high-speed roads.

Canada’s government is willing to sign off on multimillion-dollar settlement packages for Canadians Michael Spavor and Michael Kovrig to compensate them for the near three years they were incarcerated in Chinese prisons, the Globe and Mail reported on Tuesday, citing government sources.

BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China.

NMDC Share Price Today: Shares of public-sector undertaking (PSU) NMDC were locked in at over four per cent upper circuit at ₹204.90 apiece to hit its 52-week high mark on Tuesday, December 26. The shares of the iron ore company rallied earlier today after iron ore futures hit an 18-year mark. Iron ore rallied to its highest since June 2022, showing Beijing’s efforts to stem the property market’s decline in recent months may be paying dividends.

ICIMOD) report, released earlier this year, warns that glaciers in Hindu Kush Himalayas are melting at unprecedented rates. They could lose up to 75% of their volume by the end of the century, leading to flooding and water shortages for the nearly 2 billion people who live downstream of the rivers. Such warnings mean that international monitoring of glaciers will be a crucial bulwark for safeguarding the region's future. But, last week, GoI rejected a parliamentary panel's recommendation for a data-sharing agreement on Himalayan glaciers with countries of the region, including not-best-of-pals China.

Chinese state media accused the Philippines on Monday of repeatedly infringing on China's territory in the South China Sea, spreading false information and colluding with extraterritorial forces to cause trouble. The Philippines has relied on U.S. support to continually provoke China, with such "extremely dangerous" behaviour seriously harming regional peace and stability, China's Communist Party mouthpiece, the People's Daily, wrote in a commentary on Monday.

BEIJING (Reuters) — Giant Christmas trees adorned with lights, tinsel and gift boxes greet shoppers at glittering malls in big Chinese cities like Shanghai and Chongqing, but in many parts of China, extending season's greetings is out of the question.

China and brought blizzards in its wake, sending temperatures towards historic lows. 1)The temperature recorded at Beijing's Nanjiao weather station rose to above zero degrees Celsius on Sunday afternoon for the first time in days, state media Beijing Daily reported. 2)According to Beijing Daily, since the temperature first dropped to below zero degrees on December 11, the temperature has remained below that line for more than 300 hours.