City Beijing Financial News

HONG KONG—China is strengthening restrictions on exports of graphite, a key mineral needed for the production of electric-vehicle batteries and fuel cells, the latest move in an intensifying global tussle over the building blocks of critical technologies. Citing national-security concerns, China’s Commerce Ministry said Friday that exports of several categories of natural and synthetic graphite materials would require permits under a system used to control trade in items with dual civilian and military uses starting Dec.

By Nerijus Adomaitis

The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing this week. 

By Clare Jim and Liangping Gao

BEIJING (Reuters) -China will require export permits for some graphite products from Dec. 1 to protect national security, the commerce ministry said on Friday, as it faces growing challenges from foreign governments over its manufacturing dominance.

BEIJING (Reuters) — China's curbs on exports of gallium and germanium products choked off international shipments of the chipmaking metals for a second consecutive month, customs data for September showed on Friday.

NEW DELHI : India’s Prime Minister Narendra Modi spoke with the President of the Palestinian Authority Mahmoud Abbas on Thursday. “Spoke to the President of the Palestinian Authority H.E. Mahmoud Abbas.

SEOUL—Russia said it supports holding regular security talks with North Korea and China to address the threat posed by the U.S. on the Korean Peninsula, as Moscow draws closer to its partners and attempts to counter Western isolation. Russian Foreign Minister Sergei Lavrov backed the idea during his two-day trip to North Korea that ended Thursday, according to Russian state media.

China has more than 500 operational nuclear warheads in its arsenal and will probably have over 1,000 warheads by 2030, the Pentagon said in its annual report on Beijing's military that was released on Thursday. Despite the growing number of China's nuclear weapons, they are still much lower than what Russia and the United States have. The United States has a stockpile of about 3,700 nuclear warheads, of which roughly 1,419 strategic nuclear warheads were deployed. Russia has about 1,550 nuclear weapons deployed and according to the Federation of American Scientists, a stockpile of 4,489 nuclear warheads. In the wide ranging report, the Pentagon said China's more than 500 warheads as of May 2023 were on track to exceed projections. In a previous report, the Pentagon estimated that Beijing had more than 400 operational nuclear warheads in 2021. «We see the PRC (People's Republic of China) continuing to quite rapidly modernize and diversify and expand its nuclear forces,» a senior U.S.

Russia’s strategic dependence on China has only grown since the war. This year, trade between the two powers has soared to levels not seen since the beginning of Moscow's war in Ukraine, with Chinese imports of Russian oil offering Moscow a critical lifeline as international sanctions bite.

Mint explains why the outcome of the meeting may be good news for India. It's a highly ambitious project is aimed to building infrastructure and connectivity across Asia, Europe and Africa in an effort to reconstruct 21st century versions of a terrestrial and maritime silk road. Many observers saw the project as an effort by China to export its surplus capacity in construction and other fields to foreign nations while also linking their markets to China’s economy.

Chinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market

The leaders of Russia and China have met in Beijing and called for close foreign policy coordination

Beijing has vigorously protested the U.S. Commerce Department's latest update of export controls to prevent exports to China of advanced computer chips and the equipment to make them

Australian journalist Cheng Lei says she spent more than three years in detention in China for breaking an embargo with a television broadcast

For the past seven years, the 55-year-old has run the Chinese unit of fan and motor maker ebm-papst, and business has been good. But, as tensions simmer between Berlin and Beijing, ebm-papst is one of many medium-sized German companies starting to address their reliance on China, concerned at how possible Western sanctions or a future conflict over Taiwan might disrupt trade. Last year, ebm-papst launched a programme called 'Decoupling China' to ensure its Chinese division — which has around 1,900 staff — can operate if cut off from the rest of the company.

BEIJING (Reuters) -China's new home prices fell for the third straight month in September, official data showed on Thursday, dashing hopes of a turnaround in demand during a traditionally peak month for home buying despite efforts to revive the crisis-hit property sector.

US-led world order’, this time backed by Russian President Vladimir Putin. Over the year, one of the most powerful premiere of China, Xi Jinping has been ramping up efforts to project China as an alternative leader to the US, at a time, US has been making efforts to loose labour dependence on China and looking further south Asia at India.

BEIJING—With one war raging in Ukraine and another unfolding in the Middle East, Chinese leader Xi Jinping is promoting his signature foreign-policy project as a force for unity, cooperation and prosperity around the globe. At a summit convened here to celebrate the Belt and Road Initiative, the picture looked more fractured.

China's semiconductor industry, Chinese manufacturers of tools used to make chips are benefiting, with orders from the country's foundries accelerating in recent months. Domestic equipment manufacturers, such as toolmaker Naura and etching equipment maker AMEC, are winning a much higher proportion of tenders from Chinese foundries than in previous years, as chipmakers race to replace foreign-made equipment with domestically made alternatives, research showed.

By Brenda Goh and Josh Ye