City Beijing Financial News

24.10 / 04:19
Facebook Target Platform Hawaiian social information Canada says China-linked 'Spamouflage' campaign targeted lawmakers, PM Trudeau
Spamouflage" campaign that involved bots posting disinformation and propaganda on the social media accounts of members of parliament, including Prime Minister Justin Trudeau. The Spamouflage campaign, using networks of new and hijacked social media accounts to post bulk messages, took place in August and September, and targeted dozens of lawmakers from across the political spectrum, the foreign ministry said in a statement.
24.10 / 02:37
Provident Manufacturing Parke Bain Capital forms $250 million industrial property JV with China's DNE Group
BEIJING/SYDNEY (Reuters) — Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the U.S. firm looks for investment opportunities in manufacturing park assets in China.
24.10 / 02:03
Cooper China-US Economic Working Group holds first meeting
BEIJING (Reuters) — The China-U.S. Economic Working Group held its first meeting via video link on Tuesday, the Chinese finance ministry said.
23.10 / 21:23
COST Provident Manufacturing Software economy electronic Cadence's downbeat fourth-quarter forecast signals weakness in chip industry
(Reuters) — Cadence Design (NASDAQ:CDNS) Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on the chip design software provider.
23.10 / 12:57
UPS Target Reuters Waters economy prevention China set to approve $137 billion in extra sovereign debt on Tuesday -sources
(Reuters) — China is set to approve slightly more than 1 trillion yuan ($137 billion) in additional sovereign debt issuance on Tuesday as Beijing steps up its efforts to spur infrastructure spending and encourage economic growth, three sources told Reuters.
23.10 / 11:13
Cooper Platform Apple Pinduoduo reports Department hubei Apple stock falls as China woes continue
Apple (NASDAQ:AAPL) shares fell 1.5% in early Monday trade as investors were digesting updates from China.
23.10 / 09:39
Lowe's Strategy economy COMPOSITE Southern China stocks close at 4-1/2-year lows as global worries compound economic woes
China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others as global market jitters compounded lingering worries over domestic economic health. The CSI300 Index fell 1% to its lowest closing level since February 2019.
23.10 / 09:03
UPS Digital Experts reports travelers Cyber China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact
China to support his family after losing his job during the COVID-19 pandemic. In March, a job offer to teach Chinese cooking at a restaurant led him into a cyber scam compound in Myanmar, where he was instead ordered to lure Chinese into giving up their savings for fake investment schemes via social media platforms. Zhang is one of tens of thousands of people, mostly but not all Chinese, who have become ensnared in cyber scam networks run by powerful Chinese criminal syndicates in Southeast Asia. Regional and Chinese authorities have netted thousands of people in a crackdown, but experts say they are failing to root out the local elites and criminal networks that are bound to keep running the schemes.
23.10 / 08:43
BLOCK Manufacturing NVIDIA country electronic rock 2020 Graphite stocks surge as Beijing opens new frontier in trade war
Australian graphite stocks surged after China announced export controls restricting supply of one of the key battery minerals required for electric vehicles, opening a new frontier in a trade war with the US and its allied nations.
22.10 / 21:45
Citi Cooper Man Citizens SPY reports China says it uncovered another spying case in US
BEIJING (Reuters) — China's top spy agency said on Sunday a Chinese citizen who worked for a defense institute had been accused of spying for the United States and his case had been transferred to a court in the southwestern city of Chengdu for trial.
22.10 / 19:07
MET Fighting Force ‘not way’ to resolve Israeli-Palestinian conflict: China
China believes “force is not a way to resolve” the IsraeliPalestinian conflict and is once again calling for a ceasefire, its envoy for the Middle East pleaded in Egypt, the foreign ministry said Sunday. Egypt on Saturday hosted a “summit for peace” where UN Secretary-General Antonio Guterres called for swift “action to end this godawful nightmare” after two weeks of war between Israel and the Palestinian Islamist movement Hamas. Beijing’s envoy for the Middle East, Zhai Jun, met Arab League chief Ahmed Aboul Gheit on the sidelines of the summit. The Chinese diplomat called for an «immediate ceasefire and an end to the fighting as quickly as possible», his ministry said in a statement.
22.10 / 13:03
Twitter BLOCK Waters Platform Rust country exclusive China, Philippines trade accusations over South China Sea clash
BEIJING/MANILA (Reuters) -China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there on Sunday in the latest of a series of maritime confrontations.
22.10 / 10:23
Ford WhatsApp Southern President track reports China's PLA deployed six warships in Middle East amid Israel-Hamas war: Reports
Track the latest updates on Israel-Hamas war The development comes at a time when the US has sent USS Gerald R Ford, its most advanced carrier, along with a battle group to the West Asia region. Washington is also assisting Israel with A-10 Warthog and F-15E attack planes, along with the latest munitions as the Benjamin Netanyahu-led regime continues its offensive on Gaza. Meanwhile, Chinese President Xi Jinping on October 19 reiterated Beijing's long-held view that supports the creation of a sovereign state of Palestine.
22.10 / 08:17
BLOCK Cooper Nov President 2020 Australian Australian prime minister announces China visit hours before leaving for US to meet Biden
Australian Prime Minister Anthony Albanese said he will visit China in early November, making the announcement Sunday hours before he was to fly to the United States to meet with President Joe Biden. Albanese also said China agreed late Saturday to review the crippling tariffs it levied on Australian wine that have effectively blocked trade with the winemakers' biggest export market since 2020. Albanese will become the first Australian prime minister to visit China in seven years when he travels to Beijing and Shanghai on Nov.
22.10 / 05:15
COST UPS economy President country 2020 Charting the global economy: China’s economy gains momentum
China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the German economy — Europe’s largest — in another recession this year. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Asia China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach. China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach. China’s central bank stepped up efforts to support the nation’s economic recovery and debt sales by delivering the largest cash injection since 2020 with one-year policy loans. The injection of extra cash into the economy will offer a much-needed boost to China’s growth, which has been challenged by a lack of demand and a downturn in the property market this year. South Korea’s trade minister said his country is prepared to look for alternative sources of graphite if China’s newly strengthened export controls on the key material used in electric-vehicle batteries cause a severe shortage.
22.10 / 03:43
Cooper Apple Enterprise exclusive reports Department audit Foxconn faces tax audit, land use probe - Chinese state media
BEIJING (Reuters) — Foxconn Technology Group, Apple Inc (NASDAQ:AAPL)'s largest supplier of iPhones, has been subjected to tax audits at some of its key subsidiaries, suspected of violating laws and regulations, Chinese state media reported on Sunday.
21.10 / 20:45
COST economy Enterprise country reports prevention recovery China to bolster economic recovery and curb risks, central bank head says
SHANGHAI/BEIJING (Reuters) — China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People's Bank of China Governor Pan Gongsheng said in a report published on Saturday.
21.10 / 17:39
Action President Experts China kept Myanmar junta chief away from BRI forum
China's decision against inviting Myanmar junta leader Min Aung Hlaing to the third Belt and Road Initiative (BRI) forum in Beijing this week was part of its diplomatic optics to avoid global criticism. It however sent invitation to Junta Deputy Prime Minister and Transport and Communications Minister General Mya Tun Oo for attending the forum.
21.10 / 06:17
Action COMPOSITE Department US puts sanctions on three Chinese companies for missile parts supplies to Pakistan
Pakistan's ballistic missile program. A U.S. State Department statement identified the firms as General Technology Limited, Beijing Luo Luo Technology Development Co Ltd, and Changzhou Utek Composite Company Ltd. It said General Technology had worked to supply brazing materials used to join components in ballistic missile rocket engines and in the production of combustion chambers; Beijing Luo Luo had worked to supply mandrels and other machinery, which can be used in the production of solid-propellant rocket motors, the U.S.

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