Business News Beijing

  • BEIJING, Dec 18- Chinese President Xi Jinping on Tuesday called for support of the state economy while also guiding the development of the private sector, and said China will expand efforts at opening up and ensure the implementation of major reform measures. Xi was speaking on the day China marked as the 40th anniversary of the start of late leader Deng...

  • BEIJING, Dec 18- China hopes Britain's exit from the European Union can happen in an orderly way and that the bloc will reduce hurdles to Chinese investment and keep its markets open, China's foreign ministry said on Tuesday. "China hopes to see Brexit proceed in an orderly fashion and stands ready to advance China-EU and China- UK relations in parallel," the...

  • MELBOURNE, Dec 18- London copper traded sideways on Tuesday, as concerns that global trade ructions would cool China's economic growth were offset by a drop in stocks held on exchange. *Shanghai Futures Exchange copper was little changed at 49,060 yuan a tonne. *CHINA ECONOMY: China should lower next year's growth target to 6.0-6.5 percent as headwinds, including...

  • A pedestrian using his smartphone stands in front of an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Aug. 30, 2018.

    Chinese President Xi Jinping called for his country to "stay the course" on its current path of reform during a speech on Tuesday at the commemoration of China's 40th anniversary of its economic reforms and opening up.

  • GENEVA, Dec 17- The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization to its knees. Japan, Switzerland and Canada also criticized Washington, but U.S. trade ambassador Dennis Shea charged that China's "unfair competitive...

  • *Goldman Sachs falls after Malaysia files criminal charges. President Donald Trump again criticized the Fed for its current series of rate increases, saying "It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate...

  • *GRAPHIC: World and China steel output, forecast: https://tmsnrt.rs/2OrIoPG. LAUNCESTON, Australia, Dec 17- China's steel and iron ore prices have started to climb in response to winter production curbs, but recent gains are far from suggestive of a rosy outlook for the sector. Benchmark steel rebar in Shanghai closed on Dec. 14 at 3,427 yuan a tonne, up 3.7 percent...

  • "Heading into the festive period, trading volumes are expected to be significantly lower which could make things a lot more interesting as it's unlikely to be the uneventful end to the year that we often see," said Craig Erlam, senior market analyst at Oanda in London. The trade truce between the United States and China and subsequent concessions by Beijing such as...

  • *Soybeans firm as U.S.- China trade tensions ease. PARIS/ SYDNEY, Dec 17- U.S. wheat futures rebounded more than 1 percent on Monday after a sharp fall in the previous session, as a jump in prices in top exporter Russia improved U.S. wheat's competitiveness on world markets. The most-active wheat futures on the Chicago Board of Trade were up 1.2 percent at $5.36-1/ 4 a...

  • LONDON, Dec 17- Copper and most other base metals slipped on Monday on worries that weaker global growth will curb demand, but many investors were on the sidelines ahead of key economic meetings in China and the United States. There's also no sign of any China stimulus and U.S. growth seems to have now peaked, "said Robin Bhar, head of metals research at Societe...

  • Dec 17- Emerging-market shares stabilized on Monday after a global sell-off last week as investors remained cautious before key policy events in China and the United States this week. MSCI's index for emerging market shares was flat with most Asian indices gaining, but those in South Africa, Russia and Turkey inching lower. The partial recoveries come after a...

  • *China says ensuring rights protected of both men. *China has given few details of charges against them. OTTAWA/ BEIJING, Dec 17- Canadian diplomats gained consular access on Sunday to the second of two men detained by China over the past week, Canada's foreign ministry said in a statement that gave few details, as China said it was ensuring their rights were...

  • MELBOURNE/ BEIJING, Dec 17- Most base metals rose on Monday, starting the week with cautious optimism that China and the United States will be able to resolve a trade row that has weighed on prices for most of this year, although weak economic indicators capped gains. Investors are now focusing on a speech by Chinese President Xi Jinping to mark the 40th anniversary...

  • *GRAPHIC: World and China steel output, forecast: https://tmsnrt.rs/2OrIoPG. Dec 17- China's steel and iron ore prices have started to climb in response to winter production curbs, but recent gains are far from suggestive of a rosy outlook for the sector. Benchmark steel rebar in Shanghai closed on Dec. 14 at 3,427 yuan a tonne, up 3.7 percent from the close of Dec. 11,...

  • WASHINGTON, Dec 17- The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business. China has also cut tariffs on imports of cars from the United States, dialed...

  • OTTAWA, Dec 16- Canadian diplomats received consular access on Sunday to the second of two men detained by China over the past week, Canada's foreign ministry said in a statement that gave few details. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese executive on a U.S. extradition request. Secretary of State Mike Pompeo said on...

  • SHENZHEN, China, Dec 14- For four years at the turn of the century, Wang Zhaohong worked on a demolition crew in Shenzhen, clearing the way for the once-tiny border village to become a bustling metropolis. Without proper safety equipment, he and his colleagues from a remote county in Hunan province inhaled so much construction dust during Shenzhen's development...

  • *China economists, govt advisers beat drum for faster reforms. *U.S. demands China shift away from state-led model. BEIJING, Dec 14- China's trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world's second-largest economy and the freeing of a private sector stifled by...

  • RUCHENG COUNTY, China, Dec 16- In the heart of an impoverished village in southern China, a life-sized statue of Mao Zedong sits on a platform adorned with intricate stonework, flanked by a diorama of Red Army soldiers and traditional brick-and-tile homes with curved roofs. Officials have spent a small fortune on the project that has transformed the village of...

  • BEIJING, Dec 15- Growth in China's new home prices slowed in November as markets in smaller cities lost some of their heat, though the sector remained relatively resilient amid a broader slowdown in economic activity. Average new home prices in China's 70 major cities rose 0.9 percent in November from a month earlier, slower than the previous month's 1 percent...