Latest Xi Jinping News

China's economy growth cools further amid US tariff war

Jul. 15, 2019 1:46 PM EDT

BEIJING (AP) — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%,...

World shares mixed as China reports economic slowdown

Jul. 15, 2019 7:41 AM EDT

BANGKOK (AP) — Global shares were mixed Monday after China reported that its economy grew at the slowest pace in at least 26 years in the last quarter, leading investors to opt for caution despite Friday's record highs on Wall Street. Tariff hikes by President Donald Trump have battered Chinese and U.S....

Asian shares mixed as China reports economy slowed in 2Q

Jul. 15, 2019 3:18 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Monday, with gains in Chinese markets on hopes for fresh stimulus measures after the government reported that the economy grew at the slowest pace in a decade in the last quarter. Analysts said the 6.2% annual rate of growth reported for April-June suggests the...

Recent developments surrounding the South China Sea

Jul. 15, 2019 3:04 AM EDT

MANILA, Philippines (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. The waters are a major shipping route for global commerce and rich in fish and possible oil and gas reserves. ___...

Taiwan party picks mayor over ex-Foxconn chief for 2020 run

Jul. 15, 2019 2:07 AM EDT

TAIPEI, Taiwan (AP) — Taiwan's main opposition party picked a pro-China populist mayor Monday as its candidate for the 2020 presidential race against an incumbent who often bashes Beijing. The Nationalist Party said Han Kuo-yu had won the presidential primary after opinion poll results gave him a 45...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...

China imports from US plunge 31% in June amid tariff war

Jul. 12, 2019 11:28 AM EDT

BEIJING (AP) — China's trade with the United States plunged last month as a tariff war battered exporters on both sides of the Pacific Ocean. And there's no letup in sight: Tensions between the world's two biggest economies continue to simmer even though President Donald Trump and his Chinese counterpart,...

Trump accuses China of foot-dragging on farm purchases

Jul. 11, 2019 1:07 PM EDT

WASHINGTON (AP) — President Donald Trump on Thursday accused China of "letting us down" by not promptly buying more U.S. farm products. "They have not been buying the agricultural products from our great Farmers that they said they would," the president said on Twitter. "Hopefully, they will start soon."...

China's largesse in Tonga threatens future of Pacific nation

Jul. 10, 2019 8:39 PM EDT

NUKU'ALOFA, Tonga (AP) — The days unfold at a leisurely pace in Tonga, a South Pacific archipelago with no traffic lights or fast-food chains. Snuffling pigs roam dusty roads that wind through villages dotted with churches. Yet even in this far-flung island kingdom there are signs that a battle for power...

Powell's message to Congress: Rate cut is likely coming soon

Jul. 10, 2019 4:13 PM EDT

WASHINGTON (AP) — Pointing to a weaker global economy, rising trade tensions and chronically low inflation, Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade. Delivering the central bank's semiannual report to...