City Beijing Financial News

11.09 / 22:05
Facebook UPS Citi Airlines social Air China jet evacuated after engine fire sends smoke into cabin in Singapore and 9 are injured
Nine passengers have been injured after an engine fire sent smoke into the cabin of an Air China jetliner landing in Singapore, prompting an evacuation of the aircraft
11.09 / 22:05
UPS LGBT Pride show gay Thailand's LGBTQ+ community draws tourists from China looking to be themselves
Xinyu Wen traveled to Thailand in June, planning a two-week vacation around Bangkok’s Pride parade
11.09 / 10:35
UPS Cooper Progressive Platform Action country G20 summit agrees on words but struggles on action
Diplomats and analysts said the surprise consensus in the summit statement on the Russia-Ukraine conflict avoided a split in the group, and the inclusion of the African Union as a new member represented a victory for host India and for developing economies, but the rest was disappointing. «The G20 has been at its best as a multilateral forum when it can forge consensus — not just on language, but on action — to deal with serious global issues, such as global financial crises,» said Michael Froman, president of the New York-based Council on Foreign Relations. «Looking ahead, the focus should be on that, not on the statement per se,» said Froman, a former U.S.
11.09 / 10:09
UPS ETF Compilation Strategy track country Latin What to watch in EMs even as China flounders
Traders in the $325 billion industry for emerging-market exchange-traded funds are shifting cash toward strategies that focus on brighter spots in the developing world as China’s economy stumbles.
11.09 / 09:55
Cooper show country G20's New Delhi summit declaration sent a 'positive signal' to tackle global challenges: China
China on Monday said the G20 New Delhi Leaders' Declaration has sent a «positive signal» that the member countries of the influential grouping are joining hands in tackling global challenges and economic recovery.
11.09 / 09:15
Target Digital SPY Huawei Spies, hackers, informants: how China snoops on the West
China at the heart of the government in London, sparking fresh fears over how Beijing gathers intelligence. The incident follows allegations earlier this year that China flew a surveillance balloon over the United States, causing a diplomatic furore.
11.09 / 06:33
UPS Provident CEO Platform Strategy Enterprise Alibaba’s ex-CEO quits as Jack Ma’s lieutenants take helm
Alibaba Group Holding Ltd’s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China’s largest e-commerce company just as it’s navigating a complicated breakup.
11.09 / 04:29
Provident Man SPY reports China slams UK spying reports as 'political farce'
China has lashed out at media reports alleging a man who was arrested on suspicion of espionage was gathering intelligence for Beijing, labelling the claim a «political farce».UK police said over the weekend that they had arrested a man in his twenties at his home in Edinburgh for spying, with the Sunday Times reporting he was a researcher in Britain's parliament. Officers from the Metropolitan Police Service arrested him, and another man in his thirties, in March on suspicion of offences under the Official Secrets Act and both have been bailed until October. The arrests led British Prime Minister Rishi Sunak to tell Chinese Premier Li Qiang at the G20 summit in New Delhi that he had «very strong concerns» about Beijing's «interference» in democracy. Asked about the media reports that the British pair were «arrested on suspicion of providing intelligence to China», a spokesperson for the Chinese embassy in London said it was «malicious slander». «The claim that China is suspected of 'stealing British intelligence' is completely fabricated and nothing but malicious slander,» the spokesperson said in a statement published late Sunday. «We firmly oppose it and urge relevant parties in the UK to stop their anti-China political manipulation and stop putting on such self-staged political farce.»
11.09 / 01:57
Provident Reuters Southern SPY country cover NOT Joe Biden says China not in a position to invade Taiwan; here’s why
Joe Biden engaged in talks with Chinese Premier Li Qiang at the G20 summit held in New Delhi. This marks the most senior-level interaction between the US and China in nearly 10 months. Li Qiang stood in for President Xi Jinping, whose absence at the summit raised eyebrows.
10.09 / 18:43
UPS Lowe's country star China relaxes rules for insurers to invest in stock markets
BEIJING (Reuters) — China's financial regulator on Sunday reduced the risk weighting it attaches to insurance companies' holdings of blue-chip shares and tech stocks, encouraging them to invest more in the country's lagging stock market.
10.09 / 16:41
UPS MET Strategy 'I don't want to contain China': Joe Biden
Joe Biden insisted Sunday he does not want to «contain» China, as the two powers face deepening divisions on trade, security and rights. Biden said he had met Chinese Premier Li Qiang at the G20 summit in New Delhi — a meeting the White House had not announced — and discussed «stability». The president revealed the encounter in Hanoi, where earlier in the day he agreed a deal to deepen ties with Vietnam as Washington looks to bolster its network of allies around Asia and the Pacific in the face of Beijing's rising influence. Washington and Beijing are at loggerheads on a range of global issues, and Biden accused China of seeking to bend the international order to its will. «One of the things that is going on now is China is beginning to change some of the rules of the game, in terms of trade and other issues,» Biden told a news conference. Washington has invested heavily in building alliances as part of its Indo-Pacific strategy, including the Quad security dialogue with India, Australia and Japan, and the AUKUS pact with Britain and Australia. But he insisted the United States is not seeking to box China in, but rather to establish clear ground rules for relations. «I don't want to contain China.
10.09 / 14:45
MET Digital voice New Delhi Declaration: It’s a document of hope
Narendra Modi to Russian President Vladimir Putin. For a substantive outcome, consider what the world gains from Russia’s own back-down. In unison, the G20 has called for a revival of the Black Sea grain deal.
10.09 / 14:05
UPS Cooper country No decision yet on quitting China's Belt and Road: Italy PM
China's Belt and Road investment plan, Italian Prime Minister Giorgia Meloni said Sunday, but doing so would not damage bilateral relations. «We have yet to make a decision,» Meloni told a press conference at the close of the G20 summit in New Delhi, a day after meeting for talks with Chinese Premier Li Qiang. Should Rome decide to quit, it «would not compromise relations» with China, Meloni said. Critics say the Belt and Road plan is a Trojan horse to increase China's influence and Meloni is under pressure to exit, but hopes to do so without inflaming tensions. The deal automatically renews in March 2024 unless Italy opts out by the end of this year. Meloni said the government was «evaluating the merits» of being part of the trillion-dollar investment scheme, which debt-ridden Italy joined in 2019. It is the only one of the group of leading developed democracies to have signed up. Italian Foreign Minister Antonio Tajani said earlier this month that the Belt and Road initiative «has not produced the results we were hoping for». The Italian PM is tipped to travel to Beijing for a state visit in the next few months, or at the start of next year, but would not be drawn on a possible date. «It makes more sense to go to China when we have more elements about our bilateral cooperation and how to develop it,» she said. Meloni's meeting with Li, their first face-to-face, came as a broad alliance of states at the G20 unveiled ambitious plans to create a modern-day Spice Route linking Europe, the Middle East and India, which signatories hope will offer a counterbalance to lavish Chinese infrastructure spending. Some analysts expect Meloni to pull out of Belt and Road while boosting other existing Italy-China accords. The meeting
09.09 / 18:25
COST show country Deal India-West Asia-Europe corridor deal offers an alternative to China's BRI
Belt and Road Initiative (BRI), which has pushed many countries into a debt trap besides losing control over their assets, leaders of India-US-Saudi Arabia-UAE-Europe-Japan on Saturday announced a mega joint infrastructure deal to connect Asia with Europe via ports and railroad. Prime Minister Narendra Modi launching the project said an India-West Asia-Europe connectivity corridor for economic integration would be launched soon. Modi made the announcement flanked by US President US Biden, Saudi Arabia Prime Minister Mohammed bin Salman, President of UAE, EU and key European leaders on the sidelines of the G20 Summit. «This corridor will show a sustainable way to the whole world,» the Prime Minister said. While the US President described it as a game-changer, Ursula von der Leyen, President, European Union said, «It will be the most direct connection between India, Middle East.
09.09 / 14:49
Provident MET FIVE country voice Italy's Meloni meets with China's Li as Italy's continued participation in 'Belt and Road' in doubt
Italian Premier Giorgia Meloni has met with Chinese Premier Li Qiang on the sidelines of the G20 summit
09.09 / 12:19
China questions why US should get first shot to chair G-20 again
China has raised objections to the US hosting the Group of 20 nations in 2026 as already announced by President Joe Biden’s administration, according to four people familiar with the discussions.G-20 members rotate their presidency of the group, including the annual summit of world leaders, and the US has said it will take it on after India, Brazil and South Africa complete their respective yearlong stints. China’s objection — backed by Russia, according to one of the people — is mostly symbolic as it’s unlikely the decision will be reversed. The people asked not to be named since the discussions on the sidelines of the current G-20 in India are private. The Chinese move was first reported by the Financial Times. Beijing asked that its displeasure be recorded, according to the people, who didn’t know the reasons for China’s objections.
09.09 / 07:13
Provident Manufacturing Racing Continental country Who will save Europe’s economy?
Europe appears to be headed for a recession if it’s not there already, and matters are worse if you ask: Who will save it this time? Maybe Europe will have to fix itself. Previous dismal estimates for gross domestic product in the second quarter of the year were revised down to abysmal Thursday. The European Union had zero growth quarter-on-quarter, and 0.4% year-on-year.
09.09 / 06:55
UPS MET Cooper Platform SPY country China group slams India for stoking division at ‘sabotaged’ G-20
spy agency published a strong-worded criticism of India hours before Group of 20 leaders met in New Delhi, accusing the summit host of pushing its own agenda and causing disagreement. The commentary lamented that India held two prior G-20 sessions in disputed territories — one in Arunachal Pradesh that China also claims, and another in Kashmir, contested by Pakistan. The move has “sabotaged the atmosphere for cooperation at the G-20,” the China Institute of Contemporary International Relations said on its official WeChat account on Saturday. The post reveals a possible explanation for President Xi Jinping’s decision to stay away from the summit hosted by Prime Minister Narendra Modi after the Foreign Ministry declined to explain the absence.
09.09 / 06:55
Target Cooper Celebrity country song Kim Jong Un hosts Chinese and Russian guests at a parade celebrating North Korea's 75th anniversary
North Korea invited visiting Chinese delegates and Russian artists to a paramilitary parade featuring rocket launchers pulled by trucks and tractors, state media said Saturday, in leader Kim Jong Un's latest effort to display his ties with Moscow and Beijing in the face of deepening confrontations with Washington. The event in the capital, Pyongyang, which began Friday night to celebrate North Korea's 75th founding anniversary that fell on Saturday, came amid expectations that Kim will travel to Russia soon for a meeting with President Vladimir Putin that could focus on North Korean arm sales to refill reserves drained by the Kremlin's war on Ukraine. While China has sent a delegation led by Vice Premier Liu Guozhong to the North Korea's anniversary celebrations, Russia sent a military song and dance group. South Korean media speculated that the lack of Russian government officials at the festivities in Pyongyang could be related to preparations for a summit between Kim and Putin, which Washington expects within the month.

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