City Beijing Financial News

By Yelin Mo and Brenda Goh

China is witnessing another alarming outbreak. As per reports, several children in China have fallen prey to a mysterious influenza-like illness. Taiwanese news channel FTV News reported that innumerable hospitals in Beijing and Liaoning have been filled to the brim with sick children. Although the patients do not have symptoms such as whooping cough. However, they are suffering from fever and have exhibited swollen pulmonary nodules. The World Health Organization (WHO) has now asked Chinese authorities to provide more transparency into the outbreak with in-depth data. “WHO has made an official request to China for detailed information on an increase in respiratory illnesses and reported clusters of pneumonia in children," the UN body told in a statement.

Singapore's Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while posing as agents of the firm's office in Shenzhen, China.

BEIJING — U.S. President Joe Biden's meeting with Chinese President Xi Jinping last week has set a bottom line in the relationship which reduces uncertainty for businesses, analysts said.

BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months.

BEIJING — China's property market, which makes up a substantial chunk of the country's economy, needs more government support to prevent it from deteriorating further, analysts said.

BEIJING (Reuters) — China's Central Financial Commission (CFC), with Premier Li Qiang in place as its head, urged stronger supervision of risks in the multi-trillion dollar financial sector as China steps up the pace towards becoming a «major financial power».

Also read: Xiaomi reveals its first electric car SU7 Xiaomi is emerging from a years-long funk, when global demand for smartphone and other electronics cratered and rivals from Huawei Technologies Co. to Apple Inc. and Oppo encroached on its once-dominant position.

By Jamie McGeever

India and Australia are expected to hold their 2 + 2 (Foreign & Defence Minister) Ministerial here on Monday eyeing to expand the strategic partnership even as the Australian PM sought to improve Canberra’s ties with China during his recent visit to Beijing. Australian Foreign Minister Penny Wong and Defence Minister Richard Marles would engage with their Indian counterparts S Jaishankar and Rajnath Singh respectively threadbare on the situation in the Pacific region and SE Asia where China has upped the ante. India has been closely following efforts by Australia to improve its ties with China after a downturn in relations over the past few years, ET has learnt.

Singapore startups less than gung-ho about adding to the city’s 18,000-strong fintech workforce. However, it may not be a bad time to look for jobs in the Asian financial center. Rivals like Hong Kong and Abu Dhabi are hungry for qualified professionals.

China's growing influence across Central America. With the Chinese ambassador at his side, Bukele toured the seven-story building, erected at a cost of $54 million paid for by China. The building sprawls over 24,000 square meters (260,000 square feet), and contains gamer and robotics areas, interactive digital screens and both a digital library and shelves containing 360,000 books, the government said on Tuesday. A day later, the son of Nicaraguan President Daniel Ortega, Laureano Ortega, inspected 250 Chinese-made buses and thanked Beijing for the «special relationship» he asserted was lifting the nation out of poverty. «The new politics of the region has accelerated China's influence and put distance between the United States and Central America, from the leftist authoritarian Ortega regime to the right-wing authoritarian Bukele regime,» Evan Ellis, a researcher at the US Army War College Strategic Studies Institute, told AFP. Since Costa Rica switched diplomatic relations from Taipei to Beijing in 2007, China has steadily gained ground in Central America, establishing relations with Panama (2017), El Salvador (2018), Nicaragua (2021) and most recently Honduras earlier this year. «China's efforts in Central America have mostly been driven by an interest in isolating Taiwan,» Margaret Myers, a specialist in China and Latin America at the Inter-American Dialogue, told AFP. In Central America, only Guatemala and Belize are among the dwindling 13 nations that still maintain diplomatic ties with Taiwan, a self-governing island that China considers part of its territory.

By Ernest Scheyder

Super Mario RPG which will be out for enthusiasts on November 17 or a day earlier depending on where you live. Release time for different countries:

Taiwan may hire 100,000 workers from India, Taiwanese Labor Minister Hsu Ming-chun said that the news is ‘inaccurate’. However, she admitted that the two countries are in talks but have yet to finalize the matter.

SHANGHAI/BEIJING (Reuters) — China's central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring to the rising short-term yields on bank debt and strains in funding markets.

By Joe Cash

China’s President Xi Jinping a “dictator". The video of Joe Biden calling Xi Jinping a “dictator" surfaced a day after Joe Biden met his Chinese counterpart Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC). Anthony Blinken, 61, visibly grimaced and was seen fiddling with his hands when Joe Biden said Xi “is a dictator in the sense that he is the guy who runs the country that is a communist country … based on a form of government different than ours" at a press conference.

By Samuel Shen and Rae Wee

For a relationship so strained that even the act of a phone call made by one and taken by the other is news worthy, one may have expected more discretion. But soon after US President Joe Biden and his Chinese counterpart Xi Jinping met on Thursday, Biden, at the risk of setting back whatever progress might have been made, touched a raw nerve, again. “Look, he is.

U.S. President Joe Biden and his Chinese counterpart Xi Jinping haven't resolved any of the vital geopolitical issues dividing the world’s two largest economies