Latest Beijing News

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 2:22 AM EST

BANGKOK (AP) — Shares were mixed in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

Stock prices surge on bullish talk on China-US trade deal

Nov. 15, 2019 12:27 AM EST

BANGKOK (AP) — Shares advanced in Asia on Friday after White House officials said China and the U.S. were getting close to an agreement to cool tensions over trade. Markets have swung from euphoria to alarm as officials in Beijing and Washington offered conflicting opinions about the state of the...

US chickens headed to China after Beijing lifts 5-year ban

Nov. 14, 2019 1:15 PM EST

WASHINGTON (AP) — China is lifting a five-year ban on U.S. poultry, a goodwill gesture at a time when the world’s two biggest economies are trying to finalize a tentative trade deal. China had blocked U.S. poultry imports a month after an outbreak of avian influenza in December 2014, closing off a...

China tests Mars lander in international cooperation push

Nov. 14, 2019 11:35 AM EST

HUAILAI, China (AP) — China showed off its Mars spacecraft during a landing test Thursday as the country pushes for inclusion in more global space projects. The demonstration of hovering, obstacle avoidance and deceleration capabilities was conducted at a site outside Beijing simulating conditions on the...

Global markets lower amid uncertainty about US-China trade

Nov. 14, 2019 7:58 AM EST

BEIJING (AP) — Global stock markets slipped Thursday amid doubts about a U.S.-Chinese trade deal and after the U.S. Federal Reserve chairman said it is likely to leave its benchmark interest rate unchanged. London and Frankfurt were trading lower after Tokyo and Hong Kong closed down for the day. Wall...

Taiwan opposition candidate backs Hong Kong full democracy

Nov. 14, 2019 7:38 AM EST

TAIPEI, Taiwan (AP) — The China-friendly opposition candidate in Taiwan’s upcoming presidential election is urging Hong Kong to adopt universal suffrage as the best way of stemming months of anti-government protests. Han Kuo-yu of the Nationalist Party told reporters Thursday that Taiwan stood as an...

China presses Washington for tariff cut in trade deal

Nov. 14, 2019 6:00 AM EST

BEIJING (AP) — China pressed Washington on Thursday to roll back punitive tariffs in a tentative trade deal. A tariff cut is an “important condition” for the agreement that is part of talks on ending a costly trade war, said Commerce Ministry spokesman Gao Feng. Beijing said last week...

Asian markets mixed after Wall Street high

Nov. 13, 2019 11:20 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday amid doubts about the status of a U.S.-Chinese trade deal after the U.S. Federal Reserve’s chairman said it is likely to leave its benchmark interest rate unchanged. Investors were wary after The Wall Street Journal reported Chinese negotiators...

Sour grapes: Trade war puts cork in US wine sales to China

Nov. 13, 2019 8:02 PM EST

LIVERMORE, Calif. (AP) — Caught in the crossfire of President Donald Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute...

Economy in mind, Bolsonaro changes tack and cozies up to Xi

Nov. 13, 2019 5:47 PM EST

BRASILIA, Brazil (AP) — What a difference a year makes. In the months before last year’s presidential election in Brazil, Jair Bolsonaro described China as predatory and thumbed his nose at the Chinese government by visiting Taiwan, Beijing’s archrival. Now, as a more pragmatic president,...