BEIJING (AP) — China plans to hold a military parade Sept. 3 marking the 80th anniversary of Japan’s World War II surrender and featuring the People’s Liberation Army’s newest weaponry. President and head of the military Xi Jinping will deliver a speech on the occasion, which will feature “new-type combat capabilities,” including hypersonic weapons and…
Chinese President Xi Jinping recently commemorated the 120th birth anniversary of Chen Yun, one of the foundational economic planners of the Communist Party of China. Amid the commemoration’s celebratory tone, Xi’s speech signals a rhetorical shift. The references to communist conviction so prominent in the 2015 address delivered for Chen’s 110th birthday were relatively sparse…
By Antoni Slodkowski BEIJING (Reuters) -China said on Saturday “the market has spoken” in rejecting U.S. President Donald Trump’s tariffs, and called on Washington for “equal-footed consultation” after global markets plunged in reaction to the trade levies that drew Chinese retaliation. State-run Xinhua news agency also published the Chinese government’s stance, saying the U.S. should…
STORY: Rescuers pulled a woman from the wreckage of a hotel in Myanmar days after a massive earthquake in the Southeast Asian country last week that killed at least 2,000 people. China’s Xinhua news agency reported that several others were freed from collapsed buildings in Mandalay, the city in central Myanmar near the epicenter of…
BEIJING (Reuters) – The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported on Monday. The newly found Huizhou 19-6 oilfield is not in a disputed part of the South China Sea and lies within China’s Exclusive Economic…
Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…
Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end. The Hang Seng Index’s gains extended an impressive start to the year, with the emergence of…
Chinese stocks rallied on Monday after the country signaled a more aggressive approach to stimulus next year. Beijing’s top leaders revealed they will embrace a “moderately loose” monetary policy and a “more proactive” fiscal policy, according to China state media Xinhua News Agency. “Relative to the low market expectations prior to the meeting, we view…
(Bloomberg) — Chinese Premier Li Qiang pledged Beijing will do everything possible to boost domestic consumption in an effort to support the country’s economic growth. Most Read from Bloomberg China will strengthen countercyclical measures and step up implementation of macroeconomic policies to shore up the economy, Li said Monday at a meeting in Beijing with…
Hong Kong Stocks Stage Late Rebound as China Pledges Spark Stimulus Hopes Hong Kong’s Hang Seng Index closed 2.8% higher at 20414.09, reversing morning losses. China’s Politburo pledged to boost domestic demand, and stabilize housing and stock markets. It also said the main annual economic, social development targets will be accomplished, the state-run Xinhua News…