Latest China government News

Stock market today: Wall Street finishes worst week since April with more losses

Jul. 19, 2024 17:08 PM EDT

NEW YORK (AP) — U.S. stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology outage. The S&P 500 fell 0.7% to close its first losing week in the last three and its worst since April. The Dow Jones...

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions

Jul. 19, 2024 00:57 AM EDT

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark fell more than 2% as investors remained wary over China’s plans for helping its ailing property sector. U.S. futures rose while oil prices declined. ...

The winner in China's panda diplomacy: the pandas themselves

Jul. 18, 2024 23:22 PM EDT

WASHINGTON (AP) — China's panda diplomacy may have one true winner: the pandas themselves. Decades after Beijing began working with zoos in the U.S. and Europe to protect the species, the number of giant pandas in the wild has risen to 1,900, up from about 1,100 in the 1980s, and...

Hungary's Orbán releases letter to EU leaders detailing his maligned Ukraine 'peace mission'

Jul. 18, 2024 14:31 PM EDT

BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orbán on Thursday released a letter he addressed to the heads of European Union countries where he presented his impressions from a recent series of visits with some of the bloc's biggest adversaries that angered many of his allies. ...

Chinese-led consortium pulls out of contract to build Cyprus' first natural gas import terminal

Jul. 18, 2024 12:26 PM EDT

NICOSIA, Cyprus (AP) — A Chinese-led consortium on Thursday pulled out of its contract with Cyprus to build the island nation’s first natural gas import terminal over what it says was the Cypriot government’s failure to pay what it owed for work completed this year. The...

China Communist Party policy meeting endorses leader Xi's high-tech vision for economy

Jul. 18, 2024 11:19 AM EDT

BEIJING (AP) — China’s ruling Communist Party wrapped up a top-level meeting on Thursday by endorsing policies aimed at advancing the country’s technological power and fortifying its national security. A statement released when the four-day meeting ended provided only a...

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

Jul. 18, 2024 00:36 AM EDT

TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo’s benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China. By early afternoon, Japan's Nikkei 225 index was...

Trump says Taiwan should pay more for defense and dodges questions if he would defend the island

Jul. 17, 2024 19:18 PM EDT

WASHINGTON (AP) — Former President Donald Trump demanded the self-governed island of Taiwan pay for U.S. protection, dodged the question of whether he would defend the island from Beijing's military action and accused the island of taking the computer chip industry away from the United States. ...

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....

China's Communist Party charts technology- and security-focused development for reviving the economy

Jul. 17, 2024 07:28 AM EDT

BANGKOK (AP) — In a year of major elections that will determine the destinies of many countries, China’s ruling Communist Party is holding closed, top-level meetings in Beijing to set strategies for reviving its slowing economy. State media likened the meetings that end Thursday...