City Beijing Financial News
03.11 / 05:01
economy
Tesla
TikTok
gatherings
It’s US vs. China in an Increasingly Divided World Economy
TikTok and fast-fashion giant Shein are also building large businesses in the U.S., though they face political pressure that could constrain their growth. While U.S.
02.11 / 20:37
Target
Cooper
Action
economy
President
country
gatherings
rights
Yellen says the US economic relationship with China must consider human rights and national security
Treasury Secretary Janet Yellen says Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides
02.11 / 15:01
FIVE
Action
Gap
President
country
travelers
SOLIDARITY
China’s aggression in Indo-Pacific leads to ‘concern and angst’: Peter Dutton, Australia’s leader of opposition
Peter Craig Dutton — has expressed concerns around Beijing’s “level of aggression” in the Indo-Pacific. Dutton himself is in India for a four-day visit for the ongoing Economic Trade Delegation Summit which began on November 1, 2023.
02.11 / 09:05
economy
Remark
Death
President
social
gatherings
China Cremates Former Premier Whose Death Hovers Over Xi Jinping
SINGAPORE—During his final months as China’s premier, Li Keqiang evoked two grand waterways seen as nurturing Chinese civilization as he tried to reassure citizens about their country’s future. “The Yangtze and Yellow rivers won’t flow backwards," Li said last year, arguing that China would never reverse course on a four-decade policy of opening up its economy. Those words went viral on Chinese social media after Li’s unexpected death of heart failure last week, shared by mourners to subtly rebuke top leader Xi Jinping for seemingly breaching Li’s promise.
02.11 / 07:55
Manufacturing
Forbes
President
social
Department
Shein Turns to Western Executives to Become Even More Global
Shein, known for its ultra-affordable clothes shipped from China, is enlisting top Western executives in its quest to go truly global. The China-founded retailer, which has become increasingly entangled in Beijing-Washington friction, has started making some of its products outside China and forged partnerships with Western brands. Now it is globalizing its leadership ranks as it looks to establish itself in its biggest markets, especially the U.S.
01.11 / 07:55
Citi
Apple
Exodus
pandemic
country
2020
Beijing's crackdown fails to dim Hong Kong's luster, as talent scheme lures mainland Chinese
The exodus of tens of thousands of professionals from Hong Kong, triggered by Beijing’s crackdown on its civil liberties, is being offset by new arrivals: mainland Chinese keen to move to the former British colony
01.11 / 07:55
Waters
Fighting
Continental
President
track
country
isolate
Singapore defense minister calls on China to take the lead in reducing regional tensions
Singapore’s defense minister has urged China as a dominant power in Asia to take the lead in reducing tensions in the region, warning that a military conflict like the one in Ukraine or the Israel-Hamas war would be devastating for the continent and it...
01.11 / 07:32
Provident
show
information
China keeps up military pressure on Taiwan, sending 43 planes and 7 ships near self-governing island
Taiwan said on Wednesday that China sent 43 military aircraft and seven ships near the self-ruled island, the latest sign that Beijing plans no let-up in its campaign of harassment, threats and intimidation. Taiwan's Defence Ministry said the figure was current for the 24 hours up to 6:00 a.m.
31.10 / 15:39
Digital
Action
WhatsApp
WSJ
show
country
reports
China's digital maps omit Israel amid ongoing war with Hamas fighters in Gaza
Catch LIVE updates from Israel-Gaza war here Notably, maps from China has often been the bone of contention in the East Asian Nation's diplomatic relation with other countries. Notably, the absence coincides with China's often non-committal diplomatic stance toward the Middle East and has raised questions among Chinese netizens, particularly in light of recent conflicts.
31.10 / 03:11
Parke
Highways
Southern
Experts
country
cover
reports
China's smog-covered north on highest pollution alert as visibility drops
China, warning the public that visibility could drop to less than 50 metres (164 feet). Northern province Hebei launched an anti-pollution emergency response, listing traffic safety controls for when necessary including suspending flight takeoffs and landings, temporarily closing highways and suspending ferries, China's meteorological bureau said in a notice. Authorities also warned road users to stop in safe parking areas when conditions required and asked people to stay indoors. Beijing said it would implement traffic control measures if the capital activates its highest air pollution warning. Heavy smog has engulfed the country's north for a few days while autumn temperatures soared to typical early summer levels close to 30 degrees Celsius (86 degrees Fahrenheit) in some areas. Experts said weak cold air currents from the north pole were a key factor behind the unusual weather. As air pollution levels in the wider Beijing-Tianjin-Hebei area and northern part of Henan province reached moderate to severe, pollution control experts said increased industrial activities, heavy trucking and crop fires had contributed to the haze, state media CCTV reported. Regional power consumption in late October was up 5% compared with first half of the month, more significantly in the cement, brick and tile industries, worsening conditions, CCTV said. Parts of Tianjin municipality and Hebei and Shandong provinces, as well as eastern areas of Jiangsu province saw heavy fog resulting in visibility of less than 1 km (0.62 mile) on Tuesday morning, the National Meteorological Center (NMC) said. Until Thursday, light to moderate haze will continue to cover the central and southern parts of China's northern region, with severe haze
30.10 / 21:05
economy
Southern
track
country
reports
gatherings
prevention
Financial
China holds major financial conference as leaders aim to get economy back on track
China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing
30.10 / 18:49
FIVE
Manufacturing
Tesla
Audi
show
country
Chinese electric carmaker BYD posts record quarterly profit
China's top electric carmaker BYD announced a record quarterly profit Monday, underscoring the firm's growing dominance in a high-tech sector that is fiercely contested by both domestic and foreign competitors. The Shenzhen-based firm posted a profit of 10.4 billion yuan ($1.42 billion) for the July-September period, its highest-ever earnings during a single quarter and up 82 percent on-year, a statement to the Hong Kong Stock Exchange showed. The figure was in line with BYD's previous forecast of between 9.55 billion yuan and 11.55 billion yuan in quarterly earnings. BYD's cumulative net profit for January-September reached 21.4 billion yuan, more than doubling on-year and surpassing last year's total annual earnings of 16.6 billion yuan. Electric vehicle demand has soared in recent years in China, which is the world's biggest producer of greenhouse gases in absolute terms. BYD, whose investors include US investment titan Warren Buffet, wants its sales to be dominated by electric and hybrid vehicles by 2035. Earlier this year, BYD became the first global manufacturer to pass the five million milestone in electric vehicle production, crowning itself «the world's leading manufacturer of new energy vehicles and power batteries». Originally specialising in the design and manufacture of batteries, the company diversified into the automotive sector in 2003. Many foreign automotive leaders — including Tesla, BMW, Mercedes and Audi — depend on BYD for their batteries. China's electric vehicle sector has benefited from decades of subsidies issued by Beijing in related technological fields. The growing success of Chinese electric car firms in foreign markets has also drawn scrutiny.
29.10 / 18:23
Target
Action
President
country
voice
exclusive
testing
Democracy faces a litmus test of sorts in battles
Narendra Modi unveiled this ambitious project on 9 September during the G-20 summit in New Delhi. It has the potential to change face of Asia and Europe through the building of transport and communication links via rail, road, and the sea. Along with the US, Saudi Arabia, UAE, the EU, Italy, France, and Germany have signed a Memorandum of Understanding for this project.
29.10 / 07:45
Cooper
Strategy
economy
President
audience
reports
NOT
China's foreign minister Wang Yi says path to Biden-Xi meeting 'not smooth'
Wang Yi said the path to a meeting between President Xi Jinping and Joe Biden was «not smooth», state media reported as the top diplomat wrapped up a rare visit to Washington. Wang met with Biden and other senior US officials this week, with both sides agreeing on Friday to set up a meeting between the leaders next month. Biden has invited Xi to San Francisco in November for the Asia-Pacific Economic Cooperation (APEC) summit at a time of tense relations between the two powers.
28.10 / 08:51
Citi
Citizens
Exodus
pandemic
country
reports
Hong Kong, Facing an Exodus, Offers Money for Babies
HONG KONG—Hong Kong’s government is grappling with an exodus of citizens and a plummeting birthrate. Its solution: Subsidize baby-making. The city has lost its appeal to some residents over the last four years, hurt by strict rules during the Covid-19 pandemic, anxieties about the growing political influence of Beijing, and competition from Singapore and elsewhere.
28.10 / 01:35
Cooper
Action
President
show
country
reports
prevention
US, China agree to work toward an expected Biden-Xi summit
United States and China have agreed to work together toward an expected summit between presidents Joe Biden and Xi Jinping next month, U.S. officials said on Friday, following hours of meetings between Chinese foreign minister Wang Yi and senior U.S.
27.10 / 20:47
FIVE
Waters
Aware
Death
stage
sanitizer
I Drank Water From Fecal Sludge: Weird Things that Bill Gates Did For A Cause
Bill Gates has often opened up about some of the weird and peculiar activities he’s engaged in throughout his life. In one such candid posts on LinkedIn some time ago, the Microsoft co-founder revealed that he’s ventured into some unconventional territory, including drinking water from fecal sludge and sharing the stage with a jar of human feces.
27.10 / 19:14
Citi
economy
President
information
reports
travelers
Former Premier Li Keqiang, China’s top economic official for a decade, dies at 68
Former Premier Li Keqiang, China’s top economic official for a decade, has died of a heart attack at 68
27.10 / 11:33
27.10 / 10:33
Airlines
Southern
reports
China Southern Airlines posts quarterly net profit
BEIJING (Reuters) — China Southern Airlines reported a net profit of 4.2 billion yuan for the third quarter, its first profit in nearly four years.
27.10 / 09:33
Manufacturing
Apple
show
country
social
2020
reports
Huawei's revenue barely rose in the third quarter, despite phone and car sales growth
BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations.
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