Latest Beijing News

Huawei executive resolves criminal charges in deal with US

Sep. 24, 2021 14:47 PM EDT

NEW YORK (AP) — A top executive of Chinese communications giant Huawei Technologies has resolved criminal charges against her as part of a deal with the U.S. Justice Department that could pave the way for her to return to China and that concludes a case that roiled relations between...

Great Wall of Lights: China’s sea power on Darwin’s doorstep

Sep. 24, 2021 11:55 AM EDT

ABOARD THE OCEAN WARRIOR in the eastern Pacific Ocean (AP) — It’s 3 a.m., and after five days plying through the high seas, the Ocean Warrior is surrounded by an atoll of blazing lights that overtakes the nighttime sky. “Welcome to the party!" says third officer...

Chinese banks try to calm fears about developer's debts

Sep. 24, 2021 11:46 AM EDT

BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with a potential default. The announcements came as Evergrande Group...

China says all crypto transactions illegal; Bitcoin tumbles

Sep. 24, 2021 10:49 AM EDT

BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies...

Tensions grow as US, allies deepen Indo-Pacific involvement

Sep. 23, 2021 09:33 AM EDT

BANGKOK (AP) — With increasingly strong talk in support of Taiwan, a new deal to supply Australia with nuclear submarines, and the launch of a European strategy for greater engagement in the Indo-Pacific, the U.S. and its allies are becoming more assertive in their approach toward a rising...

China sends 24 fighter jets toward Taiwan in show of force

Sep. 23, 2021 09:31 AM EDT

TAIPEI, Taiwan (AP) — China sent 24 fighter jets toward Taiwan in a large display of force Thursday, after the self-governing island announced its intention to join an 11-nation Pacific trade group that China has also applied to join. China's People's Liberation Army...

Fears of global shockwaves from Chinese builder's debts ease

Sep. 23, 2021 08:48 AM EDT

BEIJING (AP) — Fears that a Chinese real estate developer’s possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors waited to see how much they might recover. Shares of Evergrande...

Taiwan asks to join trade group, says China might interfere

Sep. 23, 2021 04:47 AM EDT

TAIPEI, Taiwan (AP) — Taiwan announced Thursday it has applied to join an 11-nation Pacific trade group, setting up a potential clash with rival Beijing over the status of the island democracy. The Chinese government, which claims Taiwan as part of its territory, gave...

Business group: China's tech self-reliance plans hurt growth

Sep. 22, 2021 21:08 PM EDT

BEIJING (AP) — The ruling Communist Party’s campaign to tighten control over China’s industries and use less foreign technology is slashing economic growth, a foreign business group warned Thursday. The European Union Chamber of Commerce in China appealed to Beijing...

USOPC: American hopefuls for Beijing Games must have vaccine

Sep. 22, 2021 19:05 PM EDT

U.S. athletes trying to make the Winter Olympics will have to be fully vaccinated for COVID-19 under a groundbreaking new policy announced Wednesday by the U.S. Olympic and Paralympic Committee. CEO Sarah Hirshland wrote in a letter obtained by The Associated Press that,...