Latest Beijing News

Stocks stall in midday trading as caution lingers over trade

Oct. 14, 2019 11:55 AM EDT

NEW YORK (AP) — Stocks stalled in midday trading on Wall Street Monday as investors remain cautious about the prospects of a full trade agreement between the U.S. and China. Technology and health care stocks were posting some solid gains even as the energy sector fell because of a decline in the price of...

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...

Xi becomes 1st Chinese president in 2 decades to visit Nepal

Oct. 12, 2019 11:50 AM EDT

KATHMANDU, Nepal (AP) — Xi Jinping on Saturday became the first Chinese president in more than two decades to visit Nepal, where he is expected to sign agreements on several infrastructure projects. Xi arrived Saturday from India, where he met with Indian Prime Minister Narendra Modi. Nepal is expected to...

Modi tells Xi relations are stable, differences manageable

Oct. 12, 2019 5:38 AM EDT

MAMALLAPURAM, India (AP) — Indian Prime Minister Narendra Modi told visiting Chinese President Xi Jinping on Saturday that relations between their countries have attained stability and momentum in the past year, and that it should enable them to manage their differences and avoid disputes. The two leaders...

Companies welcome US-China trade truce, warn disputes remain

Oct. 12, 2019 3:22 AM EDT

BEIJING (AP) — Companies have welcomed a U.S.-Chinese trade truce as a possible step toward breaking a deadlock in a 15-month-old tariff war, while economists caution there was little progress toward settling core disputes including technology that threaten global growth. President Donald Trump said...

Nationalism over NBA fandom: Fans support 'motherland' China

Oct. 12, 2019 1:15 AM EDT

BEIJING (AP) — When Wu Xintong's favorite team, the Los Angeles Lakers, played the Brooklyn Nets in Shanghai this Thursday, she broke a viewing streak of more than 10 years and deliberately missed the game. Until recently, the 20-year-old student in northern Hebei province had followed her idol, Kobe...