China Condemns U.S. Proposal to Force the Sale of TikTok
China on Wednesday condemned U.S. lawmakers’ push to force the Chinese parent company of TikTok to sell the popular short video platform.
Asian news from Beijing
Are China and Vietnam on collision course over Beijing’s ‘creeping’ demarcation in Gulf of Tonkin?
Analysts say China’s move may not comply with international maritime conventions, adding that Beijing’s “creeping” encroachment shows that it is aiming to assert greater control over an important body of water.
China must rethink emphasis on 'national security'
China's unique thinking about comprehensive national security was on full display throughout the recently concluded National People's Congress (NPC). The current government, headed by President Xi Jinping, overemphasizes concepts that are vague in scope, which inhibits normal economic and other interactions with the outside world. Beijing should urgently rethink its excessive emphasis on security, which is hurting its own economy.
Why China’s 5% GDP target has failed to reassure Asia
Global asset managers complained that more “forceful” steps are needed to boost growth and combat deflation. And disappointment was felt in some Asian markets that had hoped for a more vigorous response.
An explosion in a building outside Beijing kills 2 people and injures 26
BEIJING (AP) — Rescuers were responding to a suspected gas leak explosion Wednesday in a building in northern China that has killed two people and injured 26, authorities said.
Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy
CHENGDU, China (AP) — Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown.
Raimondo says it's 'possible' for Chinese EVs to one day be on U.S. roads
Chinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, U.S. Commerce Secretary Gina Raimondo told CNBC's Eunice Yoon in an exclusive interview Tuesday.
2024 is the year of the rate cut pivot — here's when the world's central banks will budge
As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year.