Latest Beijing News
Alibaba head's remarks spark debate over China working hours
BEIJING (AP) — Chinese e-commerce tycoon Jack Ma has long been an example of how the power of big dreams, strong leadership and sheer elbow grease can create massive fortunes in China's go-go economy. Yet, recent remarks by the head of Chinese online business giant Alibaba that young people should be...
China sentences military veterans for protesting
BEIJING (AP) — Chinese courts announced multiple-year prison sentences Friday for more than three dozen military veterans who protested over the lack of benefits, saying the former soldiers had disrupted social order in a bid to further their own interests. The announcements from the courts in the eastern...
China downplays political impact of global development push
BEIJING (AP) — China downplayed the political implications of its global Belt and Road infrastructure initiative, saying Friday that it aimed to boost multilateralism amid protectionist trends in the U.S. and elsewhere. Foreign Minister Wang Yi said that a conference to promote the initiative to be held...
Asian stocks rise in quiet holiday trading
TOKYO (AP) — Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. Japan's benchmark Nikkei 225 edged up 0.5% in early trading to 22,191.98. South Korea's Kospi rose 0.3% to 2,221.1. The Shanghai Composite gained 0.6% to 3,269.59. Some markets remain...
US wins WTO case against China over grain exports
WASHINGTON (AP) — The World Trade Organization handed the United States a win Thursday in a trade dispute with China, ruling that Beijing did not fairly administer quotas on U.S. wheat, rice and corn. The WTO, the Geneva organization that oversees the rules of global trade, found that China had not been...
Global stocks subdued as investors eye earnings, data
BEIJING (AP) — Stock markets were subdued Thursday as investors digested corporate earnings reports and mixed economic data, with some traders in Europe preparing for a long weekend. London's FTSE 100 fell 0.1% to 7,460 and Frankfurt's DAX rose 0.5% to 12,208. France's CAC 40 gained 0.3% to 5,576. A survey...
Asian stocks sink after Wall Street declines
BEIJING (AP) — Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed. U.S. stocks fell despite data showing growth in China's gross domestic product held steady in the...
Head of Foxconn announces Taiwan presidential bid
TAIPEI, Taiwan (AP) — Terry Gou, chairman of the world's largest contract assembler of consumer electronics, including Apple's iPhones, said Wednesday he intends to run for president of Taiwan, bringing his pro-business and China-friendly policies to what is expected to be a crowded field for next year's...
China's economic growth steady amid tariff fight with US
SHANGHAI (AP) — China's economic growth held steady in the latest quarter despite a tariff war with Washington as Beijing's efforts to reverse a slowdown started to gain traction. The world's second-largest economy expanded by 6.4% over a year before in the three months ending in March, the government...
Woman sues Chinese billionaire Liu for alleged rape
MINNEAPOLIS (AP) — A woman who said she was raped by JD.com founder Richard Liu filed a lawsuit Tuesday against the billionaire and his company alleging he and other wealthy Chinese executives coerced her to drink during a dinner in the hours before she was attacked. Jingyao Liu, a student at the...
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