Latest China News

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rally

Jul. 17, 2024 16:19 PM EDT

NEW YORK (AP) — Wall Street’s record-breaking rally ran into a wall Wednesday, as worries about potentially worsening trade tensions with China hit stocks of chip companies. That dragged indexes to their worst day in months, but conditions may have been less discouraging underneath the surface....

A fire kills eight at a shopping mall in southwestern China

Jul. 17, 2024 14:51 PM EDT

BEIJING (AP) — A fire at a shopping mall killed eight people Wednesday in the southwestern Chinese city of Zigong, state media reported. Firefighters and rescuers responded to a fire call shortly after 6 p.m. at the 14-story commercial building, and pulled 75 people to safety,...

German leader to visit Serbia seeking lithium for his country's car industry

Jul. 17, 2024 12:13 PM EDT

BELGRADE, Serbia (AP) — German Chancellor Olaf Scholz will visit Serbia later this week to discuss a tentative deal with the Balkan country for the controversial excavation of lithium, a critical substance in making batteries for electric vehicles, officials from both states confirmed Wednesday....

Self-exiled Chinese billionaire Guo Wengui convicted of defrauding followers after fleeing to US

Jul. 16, 2024 17:31 PM EDT

NEW YORK (AP) — Guo Wengui, a self-exiled Chinese business tycoon whose criticism of the Communist Party won him legions of online followers and powerful friends in the American conservative movement, was convicted by a U.S. jury Tuesday of engaging in a massive multiyear fraud that ripped off...

US renews call on China to stop aggressive actions in disputed sea, where hostilities have flared

Jul. 16, 2024 16:26 PM EDT

MANILA, Philippines (AP) — The United States on Friday renewed its call on China to stop its aggressive actions in the South China Sea, saying a broader web of security alliances has emerged to preserve the rule of law in the disputed waters. Washington’s top diplomat in Manila...

Chinese swimmers will be under scrutiny at the Paris Olympics after positive doping tests revealed

Jul. 16, 2024 11:35 AM EDT

Few athletes will be under as much scrutiny at the Paris Olympics as the swimmers from China. Revelations that nearly two dozen elite Chinese swimmers tested positive for a banned substance ahead of the Tokyo Games — and were allowed to compete with no ramifications — have raised...

IMF's economic view: Brighter outlook for China and India but tepid global growth

Jul. 16, 2024 09:49 AM EDT

WASHINGTON (AP) — The International Monetary Fund on Tuesday upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide progress against accelerating prices has been slowed by...

New deal establishes a hotline Chinese and Philippine presidents can use to stop clashes at sea

Jul. 16, 2024 07:41 AM EDT

MANILA, Philippines (AP) — A recently signed agreement will open a direct line of communication between the presidential offices of China and the Philippines to help prevent any new confrontation from spiraling out of control in the disputed South China Sea, according to highlights of the accord...

Stock market today: Asian stocks are mixed after Dow sets a new record

Jul. 16, 2024 00:30 AM EDT

Asian stocks were mixed on Tuesday as investors grappled with the weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing. U.S. futures rose while oil prices fell. Japan’s benchmark Nikkei 225 rose 0.6% to...

Trump's economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce

Jul. 15, 2024 23:35 PM EDT

WASHINGTON (AP) — The first night of the Republican National Convention kept its official focus on the economy Monday even after Saturday’s shooting at a rally in Pennsylvania in which former President Donald Trump was injured. Speakers argued that Trump would fix inflation and...