Latest Beijing News

Asia shares mostly higher China-US trade deal fades

Oct. 15, 2019 3:49 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Tuesday after a wobbly day of trading on Wall Street. Japan's Nikkei 225 index jumped 1.9% to 22,207.21 as Tokyo reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. struck Friday in...

China says it agrees to postal fee hike after US complaint

Oct. 15, 2019 3:26 AM EDT

BEIJING (AP) — The Chinese post office says it has agreed to a 27% increase in fees it pays the United States and other countries to deliver packages following a dispute with Washington that threatened to break up the global postal union. Tuesday's announcement disclosed new details of the increase Beijing...

Chinese media try to temper hopes about US tariff truce

Oct. 15, 2019 3:23 AM EDT

BEIJING (AP) — A truce in a U.S.-Chinese tariff war and Beijing's promises to open more of its state-dominated economy are raising hopes among investors. But China's own state media are trying to temper expectations, while companies express frustration about the halting pace of market opening. The China...

Asia shares mixed as optimism over China-US trade deal fades

Oct. 15, 2019 1:06 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Tuesday after a wobbly day of trading on Wall Street. Japan's Nikkei 225 index jumped 1.8% to 22,194.94 as Tokyo reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. struck Friday in Washington....

'Nothing-burger': US-China truce leaves big issues for later

Oct. 14, 2019 3:56 PM EDT

WASHINGTON (AP) — President Donald Trump heralded a breakthrough in U.S.-China trade talks, and markets rallied in relief over a de-escalation in tensions between the world's two biggest economies. But closer inspection suggests there isn't much substance, at least not yet, to the temporary truce Trump...

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. ___...

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...