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The Latest Breaking News from China

Stocks climb as China announces package to stimulate its dragging economy

Chinese stocks rose sharply in trading today as the Central Bank of the Republic of China unveiled a wide-ranging package of stimulus initiatives meant to revive the world’s second-largest economy.

Fortune

Dollar Falls Back as Chinese Stimulus Measures Boost the Yuan

The dollar index (DXY00 ) Tuesday fell by -0.43%. The dollar came under pressure Tuesday after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses Tuesday after the Conference Board’s US Sep consumer confidence index unexpectedly...

Barchart

Crude Oil Pushes Higher on Chinese Stimulus Measures

Nov WTI crude oil (CLX24 ) Tuesday closed up +1.19 (+1.69%), and Nov RBOB gasoline (RBX24 ) closed up +3.79 (+1.93%). Crude oil and gasoline prices Tuesday posted moderate gains, with crude climbing to a 3-week high. Dollar weakness Tuesday was supportive of energy prices. Also, Tuesday's action by China...

Barchart

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Most Chinese E.V. Firms Are Unprofitable. Local Governments Keep Propping Them Up Anyway.

China has dominated the market—thanks in part to a robust industrial policy.

Reason

Canadian detained by China describes months of psychological torture and solitary confinement

Michael Korvig, a former Canadian diplomat, was taken into custody in December 2018 and held for more than 1,000 days

The Independent UK

Commerce Department Bans Chinese Car Components

Commerce Secretary Raimondo insists the rule "is a strictly national security action."

Reason

Senate To Vote On Arctic Ambassador With Foreign Ties

Controversy surrounds Michael Sfraga's nomination as special ambassador to the Arctic due to undisclosed ties with Russia and China.

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Stocks Slightly Higher as Chinese Stimulus Boosts Risk Sentiment in Asset Markets

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.12%. Stocks today are slightly higher, with the Dow Jones Industrials posting...

Barchart

Crude Advances after China Boosts Stimulus Measures

Nov WTI crude oil (CLX24 ) today is up +0.90 (+1.28%), and Nov RBOB gasoline (RBX24 ) is up +3.04 (+1.55%). Crude oil and gasoline prices today are moderately higher, with crude climbing to a 3-week high. Dollar weakness today is supportive of energy prices. Also, today's action by China...

Barchart

Stock Slightly Higher as Chinese Stimulus Boosts Risk Sentiment in Asset Markets

Barchart

Japan to Alaska: What’s behind Russia-China joint military drills?

Russia and China have ramped up joint drills since the outbreak of the war in Ukraine.

Al Jazeera

Xiaomi To Woo Tesla Model Y Buyers In China With Ferrari-Inspired Crossover

The upcoming Xiaomi MX11 wants to challenge the Tesla Model Y in China with a performance-focused approach and aesthetic.

InsideEVs

Dollar Weakens as the Yuan Rallies on Chinese Stimulus Measures

The dollar index (DXY00 ) today is down by -0.25%. The dollar is under pressure today after China boosted stimulus measures, which fueled a rally in the yuan to a 16-month high against the dollar. The dollar extended its losses today after the Conference Board’s US Sep consumer confidence index...

Barchart

Russian Military Aircraft Detected Near Alaska By NORAD

NORAD detects Russian aircraft near Alaska, US Army responds to increased military activities. Complex dynamics with Russia and China pose challenges for U...

Top News

Foreign Powers Use AI To Influence US Elections

Foreign powers like Russia and Iran are using AI to influence US elections by spreading disinformation and targeting divisive issues. China amplifies polit...

Space

New image of China's secret space plane shows delta-wing design

Images captured by spacecraft tracker appear to show China's mysterious space plane sporting a delta-wing design.

Barchart

Stocks Climb as Chinese Stimulus Measures Boost Risk Sentiment

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.17%. Stocks today are moderately higher, with the Dow Jones Industrials posting...

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TechRadar

US ramps up pressure on Chinese EV imports as it proposes ban on products that pose threat to national security

The US Commerce Department has proposed new rules to block the sale of Chinese-made software and connected hardware in new EVs hailing from outside North America.

Fortune

Mining hasn’t evolved in decades. The U.S. must reinvent it as China tightens its grip on critical minerals

The China University of Mining and Technology alone enrolls more mining engineering students than all U.S. universities combined.

Fortune

Jamie Dimon thinks India will be the new China as U.S. aims to diversify away from possible future adversary

"People call it the China+1 strategy. Companies that solely relied on China are looking at India, Vietnam, Malaysia, Indonesia etc."

The Independent UK

China says it will investigate fashion firm PVH for suspected boycott of Xinjiang products

China's Commerce Ministry says it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules

France 24

In Peru, residents concerned at impact of Chinese-funded mega port in Chancay

In the Peruvian town of Chancay, located around 100 kilometres north of the capital Lima, construction is currently underway on a "mega port", intended to be South America's largest hub for the transport of goods. China is Peru's largest trading partner and the main investor in the project, which is…

Barchart

Stock Index Futures Climb as China Stimulus Buoys Global Risk Appetite

December S&P 500 E-Mini futures (ESZ24) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.30% this morning as global risk sentiment got a boost after Beijing announced one of its most aggressive economic stimulus packages since the pandemic.

Salon

"Misleading" tariffs threaten US wallets

The Biden administration has acknowledged the failure of tariffs — but has largely kept Trump's in place

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