Latest China News

Markets Right Now: Stocks open sharply lower on trade fears

May. 23, 2019 9:48 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are falling at the open on Wall Street as investors worry about an apparent stalemate in trade talks between the U.S. and China. A spokesman for China's Foreign Ministry said Thursday that China is open to...

China has more weapons in US tariff war - but do they work?

May. 23, 2019 8:34 AM EDT

BEIJING (AP) — Looking for ways to hit back at Washington as a tariff fight escalates, President Xi Jinping and his economy czar visited a Chinese factory that processes rare earths - exotic minerals used in electric cars, mobile phones and other technology. Rare earths are "an important strategic...

China says door open to trade talks, but slams tech controls

May. 23, 2019 7:56 AM EDT

BEIJING (AP) — China held the door open to resuming talks in the tariff war with Washington on Thursday, but lashed out at limits on access to key technologies that it said might hurt global supply chains. Foreign Ministry spokesman Lu Kang said China hopes to restart the talks that broke down earlier this...

World shares sink as US-China spat takes center stage

May. 23, 2019 7:20 AM EDT

SINGAPORE (AP) — World stock markets fell sharply Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. Private surveys, meanwhile, showed continued weakness in the eurozone economy in May, with a slowdown in manufacturing and services. France's...

The Latest: Official: Beijing open to trade talks with US

May. 23, 2019 6:13 AM EDT

BEIJING (AP) — The Latest on trade tensions between the United States and China (all times local): 6:10 p.m. China's foreign ministry says the country is open to resuming trade talks with the U.S., but sincerity and mutual respect are needed. Spokesman Lu Kang said Thursday that China hopes for a restart...

2 US warships sail through Taiwan Strait, draw China protest

May. 23, 2019 5:13 AM EDT

TAIPEI, Taiwan (AP) — Two U.S. warships have sailed through the Taiwan Strait in an apparent show of support for the government of the self-ruled island, which China claims as its own. Taiwan's defense ministry said in a statement the ships passed through from south to north on Wednesday without incident,...

Retailers, shoppers could feel more pain if tariffs spread

May. 23, 2019 1:05 AM EDT

NEW YORK (AP) — An escalating trade war between the U.S. and China could mean higher prices on a broad array of products from toys to clothing. But some retailers will be less equipped to handle the pain than others, leaving consumers to carry the load. Analysts say big box giants like Target and Walmart...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

Judge rules Qualcomm violated antitrust law in chip market

May. 22, 2019 11:19 PM EDT

NEW YORK (AP) — A federal judge has ruled that Qualcomm unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple in a decision that undercuts a key part of its business. The decision vindicates the U.S. Federal Trade Commission two years after it filed...

Chinese man guilty of defrauding Apple out of 1,500 iPhones

May. 22, 2019 8:42 PM EDT

SALEM, Ore. (AP) — Over the span of two years, a Chinese national in Oregon sent devices that looked like iPhones to Apple, saying they wouldn't turn on and should be replaced under warranty. He didn't just submit a couple of the devices -- he delivered in person or shipped to Apple around 3,000 of them....