City Beijing Financial News

25.12 / 02:28

Digital NetEase reports prevention China approves licences for 105 domestic online games in December

Tencent's «Counter War: Future» and NetEase's «Firefly Assault» were among the approved games.

24.12 / 19:56

Citi Provident Reuters Manufacturing country reports Beijing records most hours of sub-zero temperatures in December since 1951

Northern and northeastern parts of the country have experienced a record-breaking chill since last week, with some areas in the northeast hitting minus 40 Celsius (minus 40 Fahrenheit) and below as biting cold air flowed down from the Arctic.

24.12 / 17:09

economy NetEase guidelines China drafts new rules proposing restrictions on online gaming

China has released draft guidelines aimed at curbing excessive spending on online gaming

24.12 / 17:09

Manufacturing CEO economy Tesla Tesla moves forward with plan to build an energy-storage battery factory in China

American electric automaker Tesla’s plans to produce energy-storage batteries in China are moving forward with a signing ceremony for the land acquisition for a new factory in Shanghai

24.12 / 10:04

Provident Digital economy Micron Department prevention Chipmaker Micron settles IP theft lawsuit amid push to repair Beijing ties

Micron Technology Inc. has settled a high-profile intellectual property theft lawsuit with a key, state-backed Chinese rival amid the US company’s efforts to mend ties with Beijing. Micron said it has reached a global settlement agreement with Fujian Jinhua Integrated Circuit Co. “The two companies will each globally dismiss their complaints against the other party and end all lawsuits between them,” a Micron spokeswoman said in an email, declining to provide further details.

23.12 / 14:48

Compilation Southern country 2020 reports Weekly Oil reports biggest weekly gain in 2 months on Red Sea attacks, Angola output forecast; Brent settles at $79/bbl

₹6,164 per bbl, having swung between ₹6,126 and ₹6,247 per bbl during the session, against a previous close of ₹6,163 per barrel. -Crude is headed for its first annual drop since 2020 as surging production from the US and elsewhere counters efforts by the OPEC cartel to support prices through output cuts. The outlook for demand is also fragile, with the International Energy Agency forecasting that growth will slow sharply next year.

23.12 / 08:20

Progressive President reports prevention Taiwan reports more Chinese military activity as election approaches

Taiwan reported Chinese warplanes and warships around the island on Saturday, including aircraft crossing the sensitive median line of the Taiwan Strait, as Beijing continues military activities with three weeks to go before Taiwan votes. Democratically governed Taiwan, which China claims as its own territory, has complained for four years of regular Chinese military patrols and drills near the island. Campaigning is under way for Taiwan's Jan. 13 presidential and parliamentary polls.

23.12 / 08:18

Southern country beautiful evacuation place Year Ender 2023: Major natural disasters that took place this year

natural disasters that left a profound impact. From the powerful Hurricane Otis striking Mexico's coast to China grappling with unrelenting monsoons and Libya facing overwhelming floods, the year unfolded with immense challenges. Turkey-Syria Earthquake: On February 6, southern Turkey had a big earthquake, measuring 7.8.

23.12 / 02:13

Cooper Williams CEO economy Enterprise country 2020 Angola's OPEC exit opens way for more Chinese investment

decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country's oil and other sectors, as part of a deepening of decades-old ties. Angola said on Thursday it was leaving OPEC, effective from Jan. 1, following a row with the producer group over the size of its output quota.

22.12 / 22:34

Reuters Progressive President NetEase reports China's new rules to reduce spending on video games create panic among investors, wipes off $80 billion

Reuters report, nearly $80 billion was wiped off from the market value of from China's two biggest gaming companies. The government of China has decided to prohibit online games from bestowing rewards upon players for routine daily logins, inaugural financial transactions within the game, and successive instances of spending.

22.12 / 17:43

Reuters track country reports Oil prices steady as Red Sea tensions offset possible future rise in Angola output

By Scott DiSavino

22.12 / 09:35

Citi Death Winter Olympics country China air pollution worsens in 2023, first time in decade: Study

air pollution worsened in 2023, the first time it has done so in a decade, a study released on Friday said. «2023 is the first year that China's national average PM2.5 level has increased year-on-year since the beginning of China's 'war on pollution' in 2013,» a study by independent research organisation the Centre for Research on Energy and Clean Air (CREA) said.

22.12 / 06:56

Digital CEO NetEase innovations China unveils new gaming curbs, sending tech stocks tumbling

online gaming industry, sending shares in tech giants including Tencent tumbling. New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour.

22.12 / 01:26

Reuters Action President reports Department prevention US, China top military officials speak for first time in over a year

virtual meeting with his Chinese counterpart on Thursday, the Pentagon said, in the first such conversation in over a year amid hopes by U.S. officials that it could lead to a broader restoration of ties between the two militaries. The video teleconference followed an agreement between U.S. President Joe Biden and Chinese President Xi Jinping last month to resume military-to-military ties severed by Beijing after then-House of Representatives Speaker Nancy Pelosi visited self-ruled Taiwan in August 2022. U.S.

21.12 / 23:15

Target economy Dreams show country testing China emerged from 'zero-COVID' in 2023 to confront new challenges in a changed world

China’s prospects for 2024 look uncertain, as a year that opened free of COVID-19 lockdowns winds down without the dreamed of robust recovery for the world’s No. 2 economy

21.12 / 15:55

Airlines National Geographic unravels final moments of doomed MH370 flight. 'Drain The Oceans' recreates downing, know what happened

National Geographic in its documentary 'Drain The Oceans' has tried to unravel the mystery over the sudden disappearance and ultimate crash of MH370 flight over the Indian Ocean in March 2014. The Kuala Lumpur-Bejing flight went missing after it lost contact with radar control. Soon after the take-off, MH370 gave a radio transmission from the cockpit as it said goodbye to Malaysian air traffic controllers. It said, «Goodnight, Malaysian Three Seven Zero.» It proved to be a chilling and final message.

21.12 / 04:15

Progressive China keeps up pre-election trade pressure on Taiwan with tariff cut removals

BEIJING (Reuters) — China announced on Thursday the end of tariff cuts on some chemical imports from Taiwan, accusing the island of violating a trade agreement, as Beijing keeps up its pressure on Taipei ahead of elections next month.

21.12 / 02:42

Provident President country reports Beijing will reunify Taiwan with mainland China: Xi Jinping warns Biden

Chinese President Xi Jinping has warned his US counterpart Joe Biden that Beijing will reunify Taiwan with mainland China but that the timing has not yet been decided, NBC News reported. NBC News is the news division of the American broadcast television network NBC.

20.12 / 17:54

JPMorgan Apple Software AirPods Masimo innovations An Apple Watch ban is the last thing this gizmo maker needs

ITC) in October, giving 60 days notice on a ban that takes effect on Christmas. Apple’s announcement that it would halt sales early has been seen as a potential last-gasp effort to force the US president’s hand, though White House interventions in such matters are rare, particularly when the row is between two US companies. The ITC is no Scrooge and Apple does have questions to answer.

20.12 / 07:57

Manufacturing CEO Tesla NVIDIA show pop reports Tesla cut EV prices in China more than BYD did for its flagship Han sedan this year, study finds

BEIJING — Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han sedan, according to analysis Wednesday from U.S.-based firm JL Warren Capital.

20.12 / 04:43

Provident CEO Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business in latest reshuffle

BEIJING — Alibaba Group CEO Eddie Wu is taking over the top role at the company's Taobao and Tmall e-commerce business, replacing Trudy Dai in the Chinese internet tech giant's latest management shakeup this year.

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