Latest China News

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...

Stocks stall in midday trading as caution lingers over trade

Oct. 14, 2019 11:55 AM EDT

NEW YORK (AP) — Stocks stalled in midday trading on Wall Street Monday as investors remain cautious about the prospects of a full trade agreement between the U.S. and China. Technology and health care stocks were posting some solid gains even as the energy sector fell because of a decline in the price of...

Markets Right Now: Stocks wobble as trade questions linger

Oct. 14, 2019 11:47 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are wobbling between gains and losses as investors remain cautious about the prospects of a full trade agreement between the U.S. and China. Technology and health care stocks were rising in midday trading...

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...

Asian stocks gain after US-China announce truce on tariffs

Oct. 14, 2019 12:34 AM EDT

BEIJING (AP) — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on...