China

BEIJING (AP) — China said Friday it has banned a number of business units of American aviation manufacturer Lockheed Martin Corp. and three of its executives over arms deals the company has signed with Taiwan, the self-ruling island it claims as its own territory.The statement from China’s Foreign Ministry said the company’s cooperation with…

Days of torrential rain, flash floods and landslides across southern China forced authorities to step up emergency plans, as surging waters from swollen rivers threatened to disrupt the lives of millions. As of Thursday, at least nine people had died in Guangdong province's city of Meizhou and another six were missing there amid the worst floods…

The Philippine military has accused the Chinese coast guard of a violent confrontation in the South China Sea, alleging that Chinese personnel rammed and boarded Filipino navy boats, resulting in injuries and equipment seizures. The incident, which occurred on Monday near Second Thomas Shoal, saw a Filipino sailor losing a…

Chinese Premier Li Qiang has ended his Australian tour on June 18 in the west coast city of Perth where he has focused on China's investment in critical minerals, clean energy and business links.Perth is the capital of Western Australia State, which provided 39% of the world's iron ore last year. Iron ore is one of Australia's most lucrative…

U.S. stocks are rallying toward more records as gains for technology companies keep pushing the market higherBy STAN CHOE AP Business WriterJune 17, 2024, 3:40 AM ET• 4 min readNEW YORK -- U.S. stocks are rallying toward more records Monday as gains for technology companies keep pushing the market higher.The S&P 500 was up 0.9% in late…

Shares of Chinese electric vehicle (EV) maker BYD Company (OTCMKTS:BYDDY) rallied on Thursday as investors cheered lower-than-anticipated additional tariffs imposed on the company by the European Union (EU). The company’s Hong Kong-listed shares (HK:1211) jumped 6% today while the ADRs (American depositary receipts) listed in the U.S. trended…

World leaders are gathering in Switzerland for a summit aimed at pressuring Russia to end its war in Ukraine, but the absence of powerful allies of Moscow such as China is expected to blunt its potential impact. United States Vice President Kamala Harris and the leaders of the United Kingdom, Canada, France, Germany, Italy and Japan are among…

BEGINNING today, June 15, the China Coast Guard (CCG) will start detaining foreigners who intrude in the waters of the West Philippine Sea, where a long-running territorial row between China and the Philippines has fueled tensions. A new directive authorizes the CCG to detain…

Prime Minister Christopher Luxon says China "raised their concerns" about the AUKUS security pact in his bilateral meeting with Chinese Premier Li Qiang. However, speaking to media after the talks, Li said "it is natural" that the two countries "don't always see eye to eye with each other on everything.""But such differences should not become a…

The European Commission announced today that it will impose tariffs of up to 38% on Chinese EV imports. These tariffs are expected to draw strong criticism from China. The Commission stated that the tariffs will likely be imposed starting next month. Following the news, Chinese EV stocks, including Li Auto (NASDAQ:LI), NIO (NYSE:NIO), and XPeng…