Latest Beijing News

China accuses US of trying to block its tech development

Feb. 18, 2019 9:18 AM EST

BEIJING (AP) — China's government on Monday accused the United States of trying to block its industrial development by alleging that Chinese telecom gear is a cybersecurity threat. And in a potential blow to the U.S. claims, British media reported that the country's intelligence agencies have found it is...

China seizes $1.5 billion in online lending crackdown

Feb. 18, 2019 4:53 AM EST

BEIJING (AP) — Chinese police have investigated 380 online lenders and frozen $1.5 billion in assets following an avalanche of scandals in the huge but lightly regulated industry, the government announced Monday. Beijing allowed a private finance industry to flourish in order to supply credit to...

Recent developments surrounding the South China Sea

Feb. 17, 2019 10:51 PM EST

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple disputes over islands, coral reefs and lagoons in waters crucial for global commerce and rich in fish and potential oil and gas reserves: ___ EDITOR'S NOTE: This is a weekly look...

The Latest: Russian envoy lashes out a UK defense minister

Feb. 16, 2019 1:33 PM EST

MUNICH (AP) — The Latest on the international security conference taking place in Munich (all times local): 7 p.m. Russian Foreign Minister Sergey Lavrov has fired back at British Defense Minister Gavin Williamson, calling him the "minister of war." Lavrov's comments Saturday came the day after Williamson...

Stocks post strong finish as optimism over trade talks grows

Feb. 15, 2019 4:49 PM EST

The Dow Jones Industrial Average surged more than 400 points Friday as renewed optimism over trade talks between the U.S. and China put investors in a buying mood. The rally marked a turnaround from a day earlier, when disappointing holiday sales data led to a modest sell-off. Friday's gains helped push the...

Trump says he might extend deadline in US-China talks

Feb. 15, 2019 12:50 PM EST

BEIJING (AP) — President Donald Trump said that "there's a possibility" he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal. Trump made the remarks after two days of high-level negotiations broke up in Beijing Friday, and the two countries announced...

The Latest: Trump might extend March 2 trade deadline

Feb. 15, 2019 12:11 PM EST

BEIJING (AP) — The Latest on China-U.S. trade talks in Beijing (all times local): 1:07 a.m. U.S. President Donald Trump says there's a "possibility" he will extend a March 2 deadline in trade talks with China if both sides are close to a deal. Trump says that would happen "if I see that we're close to a...

Deere, hit on both sides of trade war, posts weak 1Q earns

Feb. 15, 2019 10:51 AM EST

MOLINE, Ill. (AP) — Deere & Co., a manufacturer that faces threats from both ends of a trade war, cited rising costs and anxious farmers as it reported a profit shortfall for the first quarter Friday. Shares bounced back from sharp premarket declines, however, on a relatively strong outlook, and hopes...

World stocks recover as US-China trade talks extended

Feb. 15, 2019 7:24 AM EST

SINGAPORE (AP) — World stock markets bounced back on Friday after Chinese officials said trade talks with the U.S. would continue in Washington next week. Markets had been dragging on the absence of good news as the U.S. and China concluded talks in Beijing. European markets also rose even as Spanish Prime...

Asian stocks slip on Wall Street leads as trade talks simmer

Feb. 14, 2019 11:47 PM EST

SINGAPORE (AP) — Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing. Japan's benchmark Nikkei 225 retreated 1.2 percent to 20,886.27 and the Kospi in South Korea tumbled 1.6 percent to 2,189.50. Hong Kong's Hang...