City Beijing Financial News

28.09 / 07:29
Racing WhatsApp Experts country reports India-China Space Race: Top Chinese Scientist disputes Chandrayaan-3's claim to south pole Moon landing
Chandrayaan-3 on the moon last month, India has become the first country to put a spacecraft near the lunar south pole and broke China's record for the southernmost lunar landing. However, a top Chinese scientist has now claimed that the landing site of Chandrayaan-3 is not at the lunar south pole, not in the lunar south pole region, nor is it near the lunar south pole region. Speaking to the Chinese-language Science Times newspaper, Ouyang Ziyuan who is lauded as the father of China’s lunar exploration program said the Chandrayaan-3 landing site, at 69 degrees south latitude, was nowhere close to the pole, defined as between 88.5 and 90 degrees.
28.09 / 07:05
ICE Experts country Top Chinese scientist now claims India moon landing nowhere near south pole
After India’s landing of its Chandrayaan-3 rover on the moon last month — becoming the first country to put a spacecraft near the lunar south pole and breaking China’s record for the southernmost lunar landing – a top Chinese scientist has said claims about the accomplishment are overstated. Ouyang Ziyuan, lauded as the father of China’s lunar exploration program, told the Chinese-language Science Times newspaper that the Chandrayaan-3 landing site, at 69 degrees south latitude, was nowhere close to the pole, defined as between 88.5 and 90 degrees. On Earth, 69 degrees south would be within the Antarctic Circle, but the lunar version of the circle is much closer to the pole. “It’s wrong!” he said of claims for an Indian polar landing.
28.09 / 05:33
UPS Citi Progressive JPMorgan WhatsApp reports Chinese banks' earnings at risk as bad debt ratios soar, JPMorgan warns
China Evergrande shares suspended, China may have some learnings from US, India says Uday Kotak The non-performing ratio may go up to 13% of all privately-owned builders and “low quality" state-owned developers were to go into distressed status, pushing earnings down by 10%, they said. In a bid to boost demand in the property sector in China, the Xi Jinping government directed large cities to cut down payments for homebuyers and encouraged lenders to lower rates on existing mortgages in August. Beijing had announced that nationwide minimum down payments will be set at 20% for first-time buyers and 30% for second-time purchasers.
28.09 / 04:05
Progressive President stage country play India-China power play dominates Maldives runoff vote
Maldives votes in a presidential runoff on Saturday that could drastically rebalance its relations with India and China, two regional giants competing for influence in the geopolitical hotspot. The atoll nation of nearly 1,200 coral islets is a prestige tourism hotspot and favourite beach holiday destination for the world's rich and famous. It also sits in a strategically vital position in the middle of the Indian Ocean, astride one of the world's busiest east-west shipping lanes. Frontrunner Mohamed Muizzu's party moved into Beijing's orbit while last in office and was an eager recipient of financial largesse from China's Belt and Road infrastructure programme. Muizzu, the 45-year-old mayor of Male, spearheaded the $200 million China-backed bridge linking the capital to the country's main airport while in the last government. He won just over 46 percent of the first round earlier this month while incumbent Ibrahim Mohamed Solih, who presided over the restoration of ties with traditional benefactor India, trailed at 39 percent. But with only 283,000 eligible voters, and barely 15,000 votes between the pair, former foreign minister Ahmed Shaheed told AFP the contest was on a knife's edge. «The mood in the Maldives suggests that the two candidates are narrowing their gap,» Shaheed said. «This is going to be a very, very close race.» Solih won office in 2018 on the back of discontent with his autocratic predecessor Abdullah Yameen, an ally of Muizzu's who is now serving an 11-year prison sentence for corruption. He had accused Yameen of pushing the country into a Chinese debt trap by borrowing heavily for infrastructure. Yameen's turn towards Beijing had alarmed New Delhi, which shares Western concern at China's
28.09 / 01:03
Reuters Microsoft SPY reports Department strain Microsoft hacking incident: Chinese hackers stole 60,000 emails from US State Department, reveals Senate Staffer
Reuters has reported. While attending a briefing of the State Department officials, he said officials told lawmakers that 60,000 emails were stolen from 10 different State Department accounts. Although the victims weren't named, all but one of them was working on East Asia and the Pacific, he said as quoted by Reuters.
27.09 / 19:59
UPS Cooper Progressive President country China accuses Taiwan's government of using economic and trade issues to seek independence
China's government has accused Taiwan’s ruling party of seeking independence, a day after the self-governing island’s president lobbied for Australia’s support in joining a regional trade pact
27.09 / 19:31
UPS Enterprise APA reports stake Singapore Power quietly sounds out interest in big Jemena stake
Dealmakers from Singapore’s Temasek appear to be accelerating hopes to offload the 40 per cent of gas and electricity distribution giant Jemena, meeting with prospective buyers this week, sources told Street Talk.
27.09 / 09:17
Provident Manufacturing Mobile WhatsApp Healthcare reports medicines India, Taiwan likely to sign pact next month for migration of workers: Report
Hindustan Times, adding that a draft memorandum of understanding (MoU) has been finalised after negotiations between the two sides. Taipei is looking towards New Delhi to address the manpower shortage in key sectors such as manufacturing, including factories, construction projects, household workers, and agriculture and fisheries, the sources claimed.
27.09 / 01:51
COST Manufacturing Tesla reports Tesla Shanghai plant produces Model Y vehicles with cost-cutting methods - report
(Corrects to clarify method is not new and report was only referring to rear production)
27.09 / 01:47
Provident country Indian EAM Jaishankar raises concern over "steady increase in Chinese naval presence" in Indian Ocean
S Jaishankar raised concern over the «steady increase in Chinese naval presence» in the Indian Ocean and called «to prepare for a far greater presence of Beijing than seen ever before.» Speaking at the 'Discussion at Council on Foreign Relations' in New York, Jaishankar said, «Last 20 -25 years, there has been a steady increase in the Chinese naval presence and activity in the Indian Ocean, but there has been a very sharp increase in the size of Chinese naval. When you have a very much bigger navy, that navy is going to be visible in terms of its deployment somewhere.» The EAM further said that New Delhi does watch these developments «very carefully» for any security implications. «In our own case, we have seen Chinese port activity, and buildings, you mentioned Gwadar, there is a port called Hambantota in Sri Lanka.
26.09 / 18:21
Fighting economy President French President Emmanuel Macron pushing Europe into $900 billion fight with China
European Union’s new, tougher approach to China is being shaped by French concerns that Beijing’s trade practices have started to pose a critical threat to core industries. The government in Paris has taken a key role in driving the policy shift, according to people familiar with its thinking, calculating that inaction now would put the bloc’s economy on a path to long-term damage. Officials speaking on condition of anonymity recalled the solar industry debacle a decade ago, when cheap imports from China gutted European production.
26.09 / 13:35
Target Action prevention US adds three Chinese companies to forced labor entity list involving Uyghurs
WASHINGTON (Reuters) -The United States has added three Chinese companies to the forced labor entity list involving Uyghurs, according to a government posting on Tuesday, as part of an effort to eliminate forced labor practices the U.S. supply chain.
26.09 / 12:21
regulation Bitcoin Regulation Peoples Bank of China Bitcoin Bitcoin gains legal recognition as digital currency in Shanghai China
The Shanghai Second Intermediate People's Court in China has reportedly recognized  Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value.
26.09 / 12:07
UPS Provident MET Cooper country reports US army chief and allies discuss Asia-Pacific in India
Army chiefs and senior officers from 30 countries including the United States met in India Tuesday to discuss threats facing the Asia-Pacific region, in the face of concern at an increasingly assertive China. US Army chief Randy George said the region was «critically important», speaking to reporters alongside his Indian counterpart Manoj Pande, and vowed to boost cooperation to «maintain a free and open Indo-Pacific». Generals from Japan and Australia, which make up the «Quad» defence cooperation forum alongside Washington and New Delhi, also took part, as did Britain and France. As the generals met, China's Foreign Minister Wang Yi said that Beijing would oppose the «wanton expansion of military alliances», the latest in a string of warnings as Washington deepens security ties in the Asia-Pacific. Beijing has long said that any effort to establish a NATO-like military alliance in the Asia-Pacific would provoke conflict. Nations present at the two-day conference in New Delhi included Vietnam and the Philippines, both of which have longstanding pending territorial disputes with China. The conference, which launched in 1999, brings together army chiefs and top officers from 30 countries. India's Pande said the region faced challenges on both land and at sea. «These range from territorial disputes over land masses, or in some cases, even over artificially expanded islands to acquire real estate and establish military bases,» Pande added, in an indirect reference to China. India has also had to balance its traditional alliance with Russia — the provider of most of its arms imports, and now a source of cut-price oil — with growing ties to Washington. «The partnership between India and the US armies is vital for
26.09 / 11:15
UPS awards Winter Olympics country outbreak testing The Case of the Missing Olympic Gold Medals
The most important and uncertain Olympic event this year is happening this week. It might just result in a gold medal for Americans and humiliation for Russians. And nobody can watch it.
26.09 / 10:03
UPS VISA WhatsApp performer Asian Games visa row: ‘Arunachal Pradesh is and will remain internal part of India, says Anurag Thakur
Click here! Earlier on Monday, Thakur had China and had called Indian athletes from Arunachal Pradesh not getting visas as an "discriminatory" act. Beijing's move "is not acceptable to India and I have cancelled my trip to China on these grounds as they have denied the opportunity to the players from Arunachal Pradesh to be a part of the Asian Games," Thakur added.
26.09 / 08:45
UPS Target Manufacturing economy 2020 reports prevention end Beijing says Australia needs Chinese wind towers, urges end to tariff
Chinese trade officials say the country’s manufacturers are vital in preventing an annual shortfall of 270 wind towers in Australia as they urge the federal government to scrap anti-dumping duties.
26.09 / 08:13
Digital Platform ByteDance TikTok Lawson President social NOT To TikTok or not? GOP candidate joins the app even as he calls it 'digital fentanyl'
TikTok, the hugely popular video-sharing app that some in both parties allege is a potential spy mechanism for China. But entrepreneur Vivek Ramaswamy recently became the first 2024 candidate to join the platform, which says it has over 150 million U.S. users. That's even as he's accused Beijing of pushing TikTok as "digital fentanyl" to Americans and wants the app banned entirely.
26.09 / 07:31
BLOCK Reuters Waters Align Discover exclusive strain Philippines says no China standoff after removal of floating barrier from Scarborough Shoal in South China Sea
Philippines said on Tuesday there were no signs of a standoff at a fiercely contested, China-held shoal in the South China Sea, a day after its coastguard severed a floating barrier installed by Beijing to block its fishermen. China's coastguard had even removed remnants of the ball-buoy barrier from the Scarborough Shoal, a Philippine coastguard spokesperson said, adding Beijing was measured in its response to the presence of the vessel, which reached its closest point to the strategic atoll since China seized it in 2012. With coastguard personnel posing as fishermen in a small boat, the Philippines said on Monday it executed a «special operation» to cut the 300-m (980-ft) barrier at the shoal, one of Asia's most contested maritime features, a move that could further strain ties that have deteriorated in the past year. Coastguard spokesperson Commodore Jay Tarriela said four Chinese vessels were in the area when a Philippine ship approached and were «not that aggressive», adding it was clear media were on board the Philippine ship. The Chinese took away the barrier, a few hours after discovering it was no longer aligned and blocking the lagoon, Tarriela told DWPM radio. «They might still return the floating barrier once again, they might still do shadowing and dangerous maneouvres once again,» he told CNN Philippines, adding that the Philippines «will not back down» and will maintain its presence in the sea.

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