Latest China News

Stocks close slightly lower after choppy day on Wall Street

Oct. 14, 2019 5:47 PM EDT

Stocks capped a wobbly day of trading on Wall Street with modest losses Monday, a shaky start to the week for the market after its first weekly gain in a month. Losses in consumer goods makers, utilities and technology stocks helped outweigh gains in banks and real estate companies. A 2% drop in crude oil prices...

Markets Right Now: US-China trade worries weigh on markets

Oct. 14, 2019 4:05 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major U.S. stock indexes edged lower on Wall Street, a shaky start to the week for the market after the S&P 500 notched its first weekly gain in four weeks. Losses in consumer goods makers, utilities and...

'Nothing-burger': US-China truce leaves big issues for later

Oct. 14, 2019 3:56 PM EDT

WASHINGTON (AP) — President Donald Trump heralded a breakthrough in U.S.-China trade talks, and markets rallied in relief over a de-escalation in tensions between the world's two biggest economies. But closer inspection suggests there isn't much substance, at least not yet, to the temporary truce Trump...

Joe Biden's son Hunter stepping down from Chinese board

Oct. 14, 2019 1:08 PM EDT

NEW YORK (AP) — Facing intense scrutiny from President Donald Trump and his Republican allies, Hunter Biden says he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a pledge not to work on behalf of any foreign-owned companies should his...

Hong Kong police say homemade bomb targeted officers

Oct. 14, 2019 10:07 AM EDT

HONG KONG (AP) — A homemade, remote-controlled bomb intended to "kill or to harm" riot control officers was detonated as they deployed against renewed violence in Hong Kong over the weekend, police said Monday, in a further escalation of destructive street battles gripping the business hub. The "loud thud"...

Global stocks turn lower as US-China tariff truce in focus

Oct. 14, 2019 7:44 AM EDT

BEIJING (AP) — Global shares turned lower Monday after the U.S. and China announced a truce on tariff hikes but uncertainty remained over their wide-ranging economic dispute. London and Frankfurt declined and Wall Street was set for small losses on the open, while Asian markets largely closed higher....

China's auto sales sink 6.3% in September

Oct. 14, 2019 6:42 AM EDT

BEIJING (AP) — China's auto sales sank 6.3% in September from a year earlier and purchases of electric cars tumbled 34.2% at a time when the industry is spending heavily to meet government sales quotas for the technology, an industry group reported Monday. The global industry's biggest market is on track...

China's trade with US shrinks again in September

Oct. 14, 2019 6:33 AM EDT

BEIJING (AP) — China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Exports to the United States, China's biggest foreign market, fell 21.9% to $36.5 billion, a deterioration from August's 16% decline,...

Recent developments surrounding the South China Sea

Oct. 14, 2019 2:08 AM EDT

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple territorial disputes over islands, coral reefs and lagoons. The waters are a major shipping route for global commerce and are rich in fish and possible oil and gas reserves. ___...

AP FACT CHECK: Trump's premature win on trade, Syria fiction

Oct. 14, 2019 1:13 AM EDT

WASHINGTON (AP) — It was a week of caustic rhetoric by President Donald Trump over Syria and the impeachment inquiry, and truth often took a beating. Seeking to justify pulling U.S. troops out of Syria, Trump spread false information about the total defeat of the Islamic State and misrepresented the scope...