Beijing
Quad foreign ministers meet in Washington in signal of Trump’s China focus
US Secretary of State Marco Rubio (2R) stands alongside Indo-Pacific Quad ministers, L-R, Japanese Foreign Minister Iwaya Takeshi, Indian Foreign Minister Subrahmanyam Jaishankar and Australian Foreign Minister Penny Wong, during a photo opportunity before meetings at the State Department in Washington, DC, on January 21, 2025. Andrew Caballero-reynolds | Afp | Getty Images The United […]
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Biden administration looks for ways to keep TikTok available in the U.S.
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024. Mike Blake | Reuters President Joe Biden’s administration […]
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China’s electric car boom is expected to slow down in 2025
Key Points China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Strong sales volumes have enabled “strugglers and stragglers” to hang on despite falling margins, Yuqian Ding, head of China autos research at HSBC, said in a report last week. China’s […]
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Chinese lenders have a massive challenge: They can’t lend enough
SHENZHEN, CHINA – NOVEMBER 16: A boy sits outside a branch of the Bank of China while using a smartphone on November 16, 2024 in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Chinese commercial banks have a huge problem. With consumers and businesses gloomy about the prospects of the […]
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European stocks pull back; Turkish inflation falls by more than expected
European markets were lower on Friday after a rocky start to 2025 for stocks around the world. The pan-European Stoxx 600 was down 0.3% by 8:33 a.m. London time, with most sectors in negative territory. Auto and mining stocks led losses, down 1.22% and 1.04% respectively, while financial services stocks added 0.32%. France’s CAC 40 […]
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China’s electric car boom is increasingly more about hybrids
A Leapmotor vehicle with range extension is on display at the company’s headquarters in Hangzhou, China, on June 22, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show. BYD, by far the market […]
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Xi says no one can stop China’s ‘reunification’ with Taiwan
China’s President Xi Jinping speaks during an awards ceremony at the Great Hall of the People in Beijing on Sept. 29, 2024, ahead of China’s National Day. Adek Berry | Afp | Getty Images No one can stop China’s “reunification” with Taiwan, Chinese President Xi Jinping said in his New Year’s speech on Tuesday, laying […]
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China’s December factory activity growth misses expectations as experts decry insufficient stimulus
A worker welds at an agricultural machinery manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou, China, on August 31, 2024. Costfoto | Nurphoto | Getty Images China’s factory activity growth in December missed analysts’ expectations Tuesday, signaling that Beijing’s stimulus measures were not sufficient to meaningfully boost the country’s ailing economy. The country’s official […]
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China’s industrial profits extend decline to a fourth straight month, dropping 7.3% in November
Piles of coal at Rizhao port in China’s Shandong Province on Nov. 2, 2021. VCG | Visual China Group | Getty Images China’s industrial profits extended declines to a fourth straight month, dropping 7.3% in November from a year earlier, signaling that Beijing’s stimulus measures have yet to meaningfully stem the slide in corporate earnings. […]
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China plans $411 billion special treasury bond issuance next year, Reuters reports
Chinese national flags flutter in front of the Great Hall during the fifth plenary meeting of the first session of the 14th National People’s Congress (NPC) on March 12, 2023 in Beijing, Vcg | Visual China Group | Getty Images Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury […]
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