Beijing

China’s economy didn’t bounce back in the second quarter, survey finds

China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group | Getty Images BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown …

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China’s steel mill owners are in a bad mood as demand takes a hit

Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said. Steel inventories are slowly piling up in the warehouses of the country’s biggest steelmaking hub, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong, mill owners told Wu, a senior consultant …

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Nio car falls from third floor parking lot in Shanghai, killing two

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said …

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Chinese Olympian Eileen Gu working for Salt Lake Games bid

Eileen Gu, the California-born athlete who won two gold medals for China in freestyle skiing at the recent Beijing Olympics, has signed on to work for Salt Lake City’s bid for the 2030 or 2034 Winter Olympics. Tom Kelly, a spokesman for the bid committee, confirmed Gu’s participation to The Associated Press on Tuesday as …

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Self-driving car companies’ first step to making money isn’t robotaxis

A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a market …

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Global stocks rise after Wall St slips closer to bear market

BEIJING (AP) — Global stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation edged higher. London opened higher while Frankfurt retreated. Shanghai, Tokyo, Hong Kong and Sydney gained. Oil prices declined. Wall Street futures were higher after the benchmark S&P 500 index lost …

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