Latest Beijing News
Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
HONG KONG (AP) — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. Responding to a reporter's question...
Taiwan president will visit allies in South Pacific as rival China seeks inroads
TAIPEI, Taiwan (AP) — Taiwanese President Lai Ching-te will visit the self-governing island’s allies in the South Pacific, where rival China has been seeking diplomatic inroads. The Foreign Ministry announced Friday that Lai would travel from Nov. 30 to Dec. 6 to the Marshall...
Baidu Inc.: Q3 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Thursday reported third-quarter earnings of $1.09 billion. On a per-share basis, the Beijing-based company said it had profit of $3.08. Earnings, adjusted for one-time gains and costs, were $2.37 per share. The web...
Hong Kong activist Jimmy Lai denies he asked a newspaper colleague to draft list of sanction targets
HONG KONG (AP) — Former publisher Jimmy Lai denied that he asked a colleague to draft a list of potential sanction targets in his second day of testimony Thursday at his landmark national security trial in Hong Kong. The 77-year-old founder of the now-shuttered Apple Daily...
21Vianet: Q3 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — 21Vianet Group Inc. (VNET) on Wednesday reported net income of $45.3 million in its third quarter. The Beijing-based company said it had profit of 6 cents per share. The provider of carrier-neutral internet data center services posted...
Japan says it will watch China's military activity after Beijing admits violating Japanese airspace
TOKYO (AP) — Japanese officials said Wednesday they are closely watching to see if China keeps its promise to prevent further violations of Japan's airspace after explaining that an incursion by a Chinese military aircraft nearly three months ago was unintentional and caused by turbulence. ...
Yirendai: Q3 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — Yirendai Ltd. (YRD) on Wednesday reported net income of $50.7 million in its third quarter. On a per-share basis, the Beijing-based company said it had net income of 58 cents. The online consumer finance marketplace posted revenue of...
Hong Kong ex-publisher Jimmy Lai testifies he didn't ask Pence, Pompeo to take action against city
HONG KONG (AP) — Former Hong Kong publisher Jimmy Lai denied in his landmark national security trial on Wednesday he had asked then U.S. Vice President Mike Pence and then Secretary of State Mike Pompeo to take action against the city and China during the territory's anti-government protests in...
45 pro-democracy activists get 4 to 10 years in prison in Hong Kong's biggest national security case
HONG KONG (AP) — Forty-five ex-lawmakers and activists were sentenced to four to 10 years in prison Tuesday in Hong Kong’s biggest national security case under a Beijing-imposed law that crushed a once-thriving pro-democracy movement. They were prosecuted under the 2020 national...
US defense chief says alliance with Philippines will transcend administrations
MANILA, Philippines (AP) — U.S. Defense Secretary Lloyd Austin on Tuesday condemned China's dangerous actions against the Philippines and renewed a warning that the United States would defend its treaty ally if Filipino forces come under an armed attack in the increasingly volatile waters. ...
