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☆ China 'does not agree or accept' the EU's EV tariffs, says negotiations are still ongoing
▼ + stars: | 2024-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. China's commerce ministry said it "does not accept" tariffs imposed by the European Union on Chinese electric vehicles, after the bloc increased tariffs on Chinese EVs to as high as 45.3% on Wednesday. The commerce ministry said "China will continue to take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies." China's commerce ministry also highlighted the EU has indicated it will continue to negotiate with China, adding that both sides are conducting a new round of consultations. On Oct. 25, Reuters reported the two sides were looking at possible minimum price commitments from Chinese producers or investments in Europe as an alternative to tariffs.

Persons: Xpeng Organizations: European Union, SAIC Motor, EU, World Trade Organization, Reuters Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Europe

HONG KONG — Three people were killed and 15 others were injured in a knife attack at a supermarket in Shanghai on Monday evening, local police said, in the latest of a series of such stabbings in China. A 37-year-old suspect, surnamed Lin, was apprehended at the scene in Shanghai’s Songjiang district shortly after the attack. Lin went to Shanghai and carried out the attack “to vent his anger due to personal economic disputes,” police said. In June, a knife attack at a public park in the northeastern Chinese city of Jilin injured four U.S. university instructors, none of them critically. In 2022, a man stabbed 15 people in a hospital in Shanghai, severely wounding four minors.

Persons: Lin Organizations: Shanghai Public Security Bureau Locations: HONG KONG, Shanghai, China, Shanghai’s Songjiang, People’s Republic of China, Shenzhen, Suzhou, Jilin

TOKYO — A 10-year-old student at a Japanese school in China died Thursday after being stabbed on the way to school the day before, Japanese officials said, as they demanded that Beijing do more to protect Japanese nationals in the country. Lin said the boy was a Japanese national whose parents are Japanese and Chinese citizens. “Effective measures will continue to be taken to ensure the safety of foreigners in China, including people from Japan,” he said. According to the Chinese Foreign Ministry, the student was stabbed on Wednesday about 220 yards away from the Shenzhen Japanese School in the southern Chinese city of Shenzhen. Flags at Japanese diplomatic missions in mainland China and Hong Kong were lowered on Thursday.

Persons: Fumio Kishida, Kishida, ”, “, Philip Fong, Lin Jian, Lin, Yoko Kamikawa, Kamikawa, ” Arata Yamamoto, Rae Wang Organizations: Washington, Foreign Ministry, Chinese Foreign Ministry, Shenzhen Japanese School, Foreign Affairs, Embassy, Weibo Locations: TOKYO, China, Beijing, Japan, U.S, Japanese, Shenzhen, Mukden, Shenyang, Manchuria, Suzhou, Tokyo, Guangzhou, Hong Kong, Asia, Pacific, Chinese, Jilin

☆ Shenzhen, China: Schoolboy, 10, killed in new China stabbing attack near Japanese school
▼ + stars: | 2024-09-19 | by ( Nectar Gan | Junko Ogura | ) edition.cnn.com time to read: +3 min

The boy was attacked by a man about 200 meters (650 feet) from the gates of the Japanese school in Shenzhen, a tech-hub metropolis home to many Japanese businesses, according to China’s foreign ministry. But Japanese nationality is required for enrollment at the Shenzhen Japanese School, according to its website. Following that attack, Japan’s foreign ministry told Japanese schools to review their safety measures, Kamikawa said. At a regular news conference Wednesday, Chinese foreign ministry spokesperson Lin Jian said the case was being investigated. China’s foreign ministry has described both attacks as isolated incidents and did not release further information on the motives.

Persons: Yoko Kamikawa, “, Kamikawa, Lin Jian Organizations: Tokyo CNN, Shenzhen Japanese School Locations: Hong Kong, Tokyo, China, Shenzhen, Suzhou, Jilin

☆ Drinking 1 to 3 cups of coffee a day may protect heart health
▼ + stars: | 2024-09-17 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

“Coffee and caffeine consumption may play an important protective role in almost all phases of CM development,” Ke said. What researchers don’t knowThe methodology is strong and the results line up with existing data about caffeine and heart health, but there are still questions about the extent of the connection between caffeine and heart health, Marcus said. Because the study is observational, it can only show a connection between caffeine and heart health, he said. Other factors may actually be the cause of the improved heart health, he added. And contrary to popular wisdom, drinking caffeine in coffee is associated with experiencing a lower risk of abnormal heart rhythms, he added, pointing to his and others’ research.

Persons: Chaofu Ke, Cardiometabolic, ” Ke, Ke, Gregory Marcus, ” Marcus, Marcus, ” Organizations: CNN, Soochow University, Metabolism, University of California Locations: Suzhou, China, San Francisco

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

☆ China's industrial profits post faster gains in June despite faltering economy
▼ + stars: | 2024-07-27 | by ( ) www.cnbc.com time to read: +2 min

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery. A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5%, accelerating from a 3.4% increase in the January-May period, National Bureau of Statistics (NBS) data showed. Roughly half of more than 10 mainland-listed alcoholic beverage firms that had released forecasts for H1 earnings expected a loss-making first half. State-owned firms reported profits up 0.3% in the first half, foreign firms recorded an 11% gain, while private-sector companies booked a 6.8% rise, according to a breakdown of the NBS data. Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.75 million) from their main operations.

Organizations: National Bureau of Statistics, Nvidia Locations: Lujiazui, Shanghai, China, Suzhou

☆ It took a messy school bus stabbing for China to finally do something about extreme nationalism on social media
▼ + stars: | 2024-07-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewIt's no secret that people on Chinese social media dislike Japan. A whirlwind of emotion and debate ensued on social media. As the two narratives intertwined, Chinese social media companies intervened in lockstep. AdvertisementThough China's social media is heavily moderated, anti-Japanese rhetoric has been one of several popular nationalistic sentiments allowed to flourish in recent years. But social media firms in the country react sensitively to what the state deems acceptable, often simultaneously issuing announcements about undesirable posts.

Persons: —, stoked, Hu Youping, Zhou, he'd, Hu, Douyin, Nancy Pelosi's, Lifeng Organizations: Service, Business, Tech, Facebook, Twitter, China Morning Post Locations: Japan, Nanking, Suzhou, lockstep, Japanese, Weibo, Taiwan, China, Tokyo, China's Jiangsu

☆ Japanese mother and child stabbed in China in front of school bus
▼ + stars: | 2024-06-25 | by ( Nectar Gan | Himari Semans | ) edition.cnn.com time to read: +5 min

Tokyo/Hong Kong CNN —A Japanese woman and her child were among three people stabbed by a man on Monday in front of a school bus at a bus stop in eastern China, according to Japanese authorities. In Suzhou, the attack took place Monday afternoon as the mother waited to pick up her child at a bus stop near a Japanese school, according to the Japanese official. The school bus is from the Suzhou Japanese School, located less than a mile from the bus stop in an area where many Japanese nationals live, NHK said. Opened in 2005, the Suzhou Japanese School offers six-year elementary school and three-year junior high school curriculums, according to its website. Its rules state that students must be picked up by a parent or guardian from the school bus.

Persons: Hong Kong CNN —, “, ”, Zhou, Mao Ning, rampages, –, Xi Jinping Organizations: Hong Kong CNN, Japanese Nationals Overseas Safety Division, Japan’s Foreign Ministry, CNN, Embassy, NHK, Suzhou Japanese, Japan’s Embassy, Foreign, Suzhou Japanese School Locations: Tokyo, Hong Kong, China, Suzhou, Jiangsu province, Shanghai, Jilin ., Jilin, Beijing, Japan

☆ EU and China set for talks on planned electric vehicle tariffs
▼ + stars: | 2024-06-23 | by ( ) www.cnbc.com time to read: +5 min

The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Germany's Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China. The minister had said earlier on Saturday that the European Union's door was open for discussions regarding EU tariffs on Chinese exports. Proposed EU tariffs on Chinese goods are not a "punishment", Habeck told Chinese officials earlier in Beijing. Proposed EU duties on Chinese-made EVs would hurt both sides, Zheng added.

Persons: Robert Habeck, Valdis, Wang Wentao, Habeck, Habeck's, Zheng Shanjie, Zheng, Valdis Dombrovskis Organizations: Afp, Getty Images, European Union, Germany's, EU, European Commission, Russia, National, Reform Commission, Chinese Commerce, EU Trade Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Getty Images China, Shanghai, Beijing, Brussels, Berlin, Ukraine, Russia, Europe, U.S, Brazil, Turkey, Germany

☆ Asia-Pacific markets all slide ahead of key China data
▼ + stars: | 2024-06-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Asia-Pacific markets are all lower on Monday as the region looks to key economic data out from China. The world's second-largest economy will release May numbers for its retail sales, industrial output and urban unemployment rate. The People's Bank of China is also expected to announce its one-year medium term lending facility rate, with economists polled by Reuters forecasting no change to the current rate of 2.5%.

Organizations: People's Bank of, Reuters Locations: Suzhou, Shanghai, China, Asia, Pacific, People's Bank of China

☆ Europe may need to impose tariffs of up to 55% to curb Chinese EV imports: report
▼ + stars: | 2024-04-30 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. The European Union will need to levy higher-than-expected tariffs of up to 55% on Chinese electric vehicles to curb their imports into the bloc, according to a new analysis by Rhodium Group. The findings, released Monday, come amid the EU's ongoing anti-subsidy investigation into EV imports from China. Rhodium Group, which expects the EU to impose tariffs in the 15% to 30% range on Chinese EVs, said those tariffs were unlikely to be enough to check competition from China. Chinese EV makers are locked in an intense price war in their home market.

Persons: Tesla Organizations: Taicang Port, European, Group, EV, EU Locations: Europe, Taicang, Suzhou, China

☆ Biden promise to rival China on shipbuilding faces a big economic problem
▼ + stars: | 2024-04-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

The Biden administration is correct that China has not played fair. But he said the nations that could rival China in shipbuilding are Asian competitors. Shipbuilding subsequently dropped to around five ships per year, which is approximately the current rate of U.S. shipbuilding. President Joe Biden speaks to members of the United Steel Workers Union at the United Steel Workers Headquarters on April 17, 2024 in Pittsburgh, Pennsylvania. Biden announced new actions to protect American steel and shipbuilding industries including hiking tariffs on Chinese steel.

Persons: Biden, Ben Nolan, Nolan, Reagan, Joe Biden, Jeff Swensen, —, Darron, Wadey, Lloyd, Matson, George Washington, Ronald O'Rourke, O'Rourke Organizations: Mitsui Shipbuilding Co, Taicang Port Economic, Technological, Future Publishing, Getty, CNBC, Shipbuilding, Global, United States, Trade, U.S . Trade, U.S, China's Ministry of Commerce, United Steel Workers, Japan's Nippon Steel, United Steel Workers Union, United Steel Workers Headquarters, Analysts, Matson Shipping, Jones Act, Philly Shipyard, CMA CGM, Matson, United, Maritime Administration, U.S ., Huntington Ingalls Industries, News Shipbuilding, U.S . Navy, U.S Navy, Newport News Shipbuilding, Virginian Pilot, Tribune, Service, Force, warfighting, Navy, Biden, Congressional Research Service Locations: Taicang Port, Suzhou, Jiangsu province, China, U.S, Japan, South Korea, United States, Pennsylvania, Pittsburgh , Pennsylvania, American, Bangladesh, U.S . Virgin Islands, Great, Mississippi, Ohio

☆ China opens WTO dispute against U.S. subsidies to protect its EV industry
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: +1 min

Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China. China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed. China said it was contesting "discriminatory subsidies" under the U.S. Inflation Reduction Act (IRA) that it said resulted in the exclusion of goods from China and other WTO countries. The wide-ranging law provides billions of dollars in tax credits to help consumers buy electric vehicles and companies produce renewable energy, as President Joe Biden aims to decarbonise the mighty U.S. power sector. It said it was launching the proceedings "to safeguard the legitimate interests of Chinese electric vehicle industry and to maintain a fair level playing field of competition for the global market".

Persons: Joe Biden Organizations: Taicang Port, World Trade Organization, WTO, U.S Locations: Europe, Taicang, Suzhou, China, United States

☆ Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
▼ + stars: | 2024-03-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.

Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S

STR | AFP | Getty ImagesIn the race against Tesla for the global electric car market, Chinese automaker BYD is pushing hard overseas despite rising barriers to the U.S. market. Given policy uncertainty around Chinese EV exports to major markets like the U.S. and Europe, BYD is seeking to bolster overseas sales by moving production to regions perceived as more friendly. The U.S. has tried to support adoption of electric cars domestically, but sales penetration is well below that of China. EY predicts the electric car market in the region will grow exponentially to at least $80 billion a year in sales in the next decade. The rapid growth of BYD and other Chinese electric car companies has other automakers worried.

Persons: Tesla, BYD, Xiao Feng, Biden, it's, EY, Alvin Liu, Liu, BYD's, Sime Darby, Stella Li, Reuters BYD, Bill Russo, CNBC's, Li Organizations: AFP, Getty, Toyota, Counterpoint Research, Tesla, Sime, Americas, Reuters, Alliance for American Manufacturing, U.S Locations: Taicang Port, Suzhou, China's, Jiangsu, U.S, Shenzhen, Europe, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, China, Marklines, Southeast Asia, Singapore, Philippines, Malaysia, Mexico, Americas, North America, United States, Canada, Washington

☆ China making 'concerted effort' to dominate critical US ports equipment, Biden official says
▼ + stars: | 2024-02-29 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

SUZHOU, CHINA - FEBRUARY 27: A gantry crane hoists vehicles for export at Taicang Port's International Container Terminal on February 27, 2024 in Suzhou, Jiangsu Province of China. Gene Seroka, executive director of the Port of Los Angeles, told CNBC that Biden's executive order is a wake-up call for the port and supply chain industry. "The bottom line is that today's high-tech cranes can collect data and that is why this executive order is so important," said Seroka. "It's no secret that China has both the capability and the intent to challenge the rules based trade system. The Biden administration has positioned the executive order as part of a "whole government approach" in securing the nation's ports.

Persons: Biden, Christa Brzozowski, ZPMC, Gene Seroka, Brzozowski, Carlos Gimenez, John Vann, Vann, Wayne R, Arguin Jr, Arguin Organizations: Taicang, Getty, Department of Homeland Security, Homeland Security, Coast Guard, Transportation, Maritime Security, Shanghai Zhenhua Heavy Industries Co, Capitol, CNBC, Cyber Security Operations Center, Guard, White, Resilience, of Commerce, Defense, Coast Guard Cyber Command, US Coast Guard, U.S Locations: SUZHOU, CHINA, Suzhou, Jiangsu Province, China, Capitol, United States, U.S, Republic of China, Shanghai, Beijing, Capitol Hill, of Los Angeles, Los Angeles

☆ For some Spring Festival revelers in China, traditional attire adds an element of time travel to celebrations
▼ + stars: | 2024-02-12 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +8 min

For instance, Yu Garden in Shanghai, which hosts a 40-day Spring Festival lantern fair, has become a popular destination for Hanfu fans. The nearby commercial shopping district of Wujiaochang even hosted a Lunar New Year Hanfu parade to attract revelers to the area this year. It too has seen an increase in young tourists wearing traditional attire during visits, according to one local. Embracing traditionA woman wearing Hanfu strolls around the Spring Festival Flower Market in Guangzhou, China, on February 9, 2024. Others say the term “Hanfu” is too narrow, given the fluid sharing of influences among diverse ethnic groups in China.

Persons: they’ve, Taobao, Shanghai's Yu, Yu, influencers, ”, Cai Pa, ” Cai, it’s, Li, John Ricky, Hanfu, she’s Organizations: CNN, CNN — Tourists, Visual China, Getty, CNN Travel Locations: Suzhou, China, Shanghai, Hanfu, Seoul, Yu Garden, Wujiaochang, China’s, Hainan, Haikou, Qilou, Guangzhou, Anhui, gan

☆ China is stepping up to save its economy this year, but the data just doesn't seem to be getting much better
▼ + stars: | 2024-02-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

In January, authorities pulled about a dozen moves to stabilize a stock market rout and to support the property sector. But China's economic data isn't encouraging, and investor confidence is still low. Investors are cautiousThe moves gave some support to Chinese markets, but investors are still cautious. China's economic data hasn't been rosy either. Consumer appetite for property is still lowStill, overall consumer appetite for the property market appears to be in the dumps.

Persons: —, Hao Hong, Premier Li Qiang, Hong, Min Lan Tan, Tan Organizations: Service, Bloomberg, Grow Investment, Premier, Reuters, Investors, CSI, Securities Times, Estate Information Corp, Asia Pacific, UBS, Nikkei Locations: China, Beijing, Shanghai, Shenzhen, Guangzhou, Suzhou, Guangxi, Nikkei Asia

☆ China rolls out fresh property relief measures to stem the fallout from Evergrande's meltdown
▼ + stars: | 2024-01-31 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Officials in China are boosting property sector relief measures to blunt the impact of Evergrande's collapse. The new measures are part of a wider series of economy-boosting initiatives, especially in the real estate sector, which constitutes one-quarter of the country's economy. The crisis in the property sector stems from huge debt and overbuilding in the last decade, which has resulted in a liquidity crisis for many property developers, including Evergrande. The company's troubles sent country's property sector into a tailspin starting in 2022 when it defaulted on some of its offshore bonds. China is moving mountains to hold the real estate sector's crisis from pouring into other sectors.

Persons: — Organizations: Service, Beijing, China's Ministry of Housing, China Mingsheng Banking Corp, China Securities Journal, Guangzhou, Reuters, Bloomberg Locations: China, Hong Kong, Nanning, Guangxi, Chongqing, Suzhou, Shanghai, restructurings

☆ Asia markets fall as China annual exports drop, Japan bucks the trend to extend record rally
▼ + stars: | 2024-01-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Asia markets fell as China's annual exports dropped for the first time in seven years, but Japan stocks bucked the trend to extend their record rally. Hong Kong's Hang Seng index was down 0.61%, while the mainland China's CSI 300 dipped 0.35% to close at 3,284.17. China's consumer price index fell 0.3%, less than a 0.4% drop expected by a Reuters poll of economists, and also lower than the 0.5% fall seen in November. China's exports for December beat expectations, but overall, total trade declined in 2023 for the world's second largest economy.

Organizations: CSI, Nikkei Locations: Suzhou, Shanghai, China, Asia, Japan

SYDNEY, Nov 15 (Reuters) - Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, according to two sources with direct knowledge of the matter. iMotion, which was established in 2016, did not immediately respond to a request for comment from Reuters. The Suzhou-based firm is planning to open the books for its IPO the week after next ahead of starting trade on the Hong Kong Stock Exchange (HKEX) in the first week of December, according to the sources. iMotion had planned to raise $300 million, Bloomberg News reported in March, but has cut the size of its new fund raising target. Reporting by Scott Murdoch in Sydney and Yantoultra Ngui in Singapore; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: iMotion, Hong Kong's, Scott Murdoch, Yantoultra, Lincoln Organizations: SYDNEY, iMotion Automotive Technology, Reuters, Hong Kong Stock Exchange, Bloomberg News, Thomson Locations: Hong Kong, iMotion, Suzhou, China, Hong, Sydney, Singapore

BEIJING (AP) — Fifty years after the Philadelphia Orchestra's history-making visit to China in 1973 that helped build then-fledgling U.S.-China ties, Davyd Booth hopes for a repeat performance. The orchestra's trip comes at a fraught time as the world's two largest economies feud over trade, technology, defense and human rights. Booth noted that a number of Chinese play for the Philadelphia Orchestra, and some of the world's top soloists are Chinese. Booth remembers the trip he made as a 23-year-old violinist, when then-music director Eugene Ormandy brought the Philadelphia Orchestra to China at the request of President Richard Nixon, who a year earlier made his own historic visit to the country. Since then, the full orchestra has made 10 more trips to China and is planning to come again next year.

Persons: Davyd Booth, ” Booth, Joe Biden, Xi, Booth, ”, “, Eugene Ormandy, Richard Nixon, Yang Wanming, Caroline Chen Organizations: BEIJING, Philadelphia, “, China National Symphony Orchestra, National Centre, Performing Arts, Biden, Philadelphia Orchestra, Tianjin Julliard School, Chinese People’s Association for Friendship, Foreign, Associated Press Locations: China, U.S, United States, Beijing, San Francisco, Tianjin, Shanghai, Suzhou, America

The orchestra first visited China in September 1973, marking a thaw in U.S.-China relations just as the two nations began normalizing ties after Richard Nixon became the first U.S. president to visit China’s mainland. “This constant 50-year connection with China has been really very deep and very wonderful,” Booth on arriving at Beijing’s Capital International Airport. The ensemble will be performing with the China National Symphony Orchestra at the National Centre for the Performing Arts, starting Friday. Political Cartoons View All 1234 ImagesThe ensemble’s visit coincides with the American Ballet Theatre’s tour in China, which started in Shanghai last week. Until now, the Philadelphia Orchestra had visited China 12 times, most recently in May 2019, before the pandemic.

Persons: Joe Biden, Xi, Richard Nixon, Davyd Booth, ” Booth, Antony Blinken, Janet Yellen, Gina Raimondo, Biden Organizations: BEIJING, Philadelphia Orchestra, Beijing’s Capital International Airport, China National Symphony Orchestra, National Centre, Performing Arts, American Ballet, Economic Cooperation Locations: Beijing, China, China’s, Tianjin, Suzhou, Shanghai, United States, U.S, Washington, Asia, San Francisco

☆ China signals more support for struggling local governments
▼ + stars: | 2023-10-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central government said it formalized a process allowing local governments to borrow funds for the year ahead — starting in the preceding fourth quarter, according to an announcement published by state media. The measure was adopted at a meeting of the National People's Congress Standing Committee, according to state media. The move helps stabilize fiscal policy, said Xu Hongcai, deputy director of the Economics Policy Commission at the China Association of Policy Science. On Tuesday, Chinese authorities also announced the issuance of 1 trillion yuan ($137 billion) in government bonds for natural disaster relief, according to state media.

Persons: —, Xu Hongcai, Zhiwei Zhang Organizations: Workers, Future Publishing, Getty, State Council, National, China Association of Policy, CNBC, International Monetary Fund, IMF, Xinhua Locations: Suzhou, China's Jiangsu, BEIJING, China

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