Beijing - China Investor Gloom on Property Reaches Record, Survey Finds

Beijing, also known as Peking, is the capital city of the People’s Republic of China. Located in the northeastern part of the country, Beijing is the second largest city in China, with a population of over 21 million people.

The history of Beijing dates back over 3,000 years, and it has been the political and cultural center of China for much of that time. It has served as the capital of various dynasties throughout Chinese history, and was known as Yanjing during the Liao dynasty, Dadu during the Mongol Yuan dynasty, and Beiping during the Ming dynasty. The name Beijing was officially adopted in 1949 following the establishment of the People’s Republic of China.

Beijing is home to many important cultural and historical sites, including the Forbidden City, the Temple of Heaven, the Summer Palace, and the Great Wall of China. These sites attract millions of tourists from all over the world each year.

The Forbidden City, located in the heart of Beijing, was the imperial palace of the Ming and Qing dynasties and served as the political center of China for over 500 years. The vast complex covers an area of 72 hectares and contains 980 buildings, making it one of the largest palace complexes in the world. It was declared a UNESCO World Heritage Site in 1987.

The Temple of Heaven is another important cultural site in Beijing. Located in the southern part of the city, it was used by the emperors of the Ming and Qing dynasties as a place for annual prayer ceremonies for a good harvest. The complex, which covers an area of 273 hectares, is surrounded by a wall and contains a number of buildings and altars.

The Summer Palace, which is located in the northwestern part of Beijing, was built in the early Qing dynasty and was used as a summer retreat for the emperors. The complex covers an area of 290 hectares and contains a lake, gardens, pavilions, and palaces. It was declared a UNESCO World Heritage Site in 1998.

The Great Wall of China, which is a series of fortifications that were built to protect China from invaders, stretches over 21,000 kilometers across northern China. The most visited section of the wall is the Badaling Great Wall, which is located about 80 kilometers northwest of Beijing.

In addition to its cultural and historical sites, Beijing is also known for its modern architecture and bustling nightlife. The city hosted the 2008 Summer Olympics, and many of the Olympic venues, such as the National Stadium (also known as the Bird’s Nest) and the National Aquatics Center (also known as the Water Cube), have become iconic landmarks of the city.

The city is also home to a number of major universities, including Peking University and Tsinghua University, which are ranked among the top universities in China and the world.

Beijing has a humid continental climate, with hot summers and cold winters. The city experiences heavy pollution, particularly during the winter months, due to its location in a basin surrounded by mountains.

The economy of Beijing is dominated by the service sector, with finance, technology, and tourism being major industries in the city. The city has a high GDP per capita and is one of the wealthiest cities in China.

In terms of transportation, Beijing is served by the Beijing Capital International Airport, which is the second busiest airport in the world by passenger traffic. The city also has an extensive subway system, with 22 lines and over 370 kilometers of track, making it one of the largest subway systems in the world.

Overall, Beijing is a city with a rich history and culture, as well as a modern and dynamic economy. Its cultural and historical sites, as well as its modern architecture and nightlife, attract millions of visitors from all over the world each year.

6do Encyclopedia represents the inaugural AI-driven knowledge repository, and we cordially invite all community users to collaborate and contribute to the enhancement of its accuracy and completeness.
Should you identify any inaccuracies or discrepancies, we respectfully request that you promptly bring these to our attention. Furthermore, you are encouraged to engage in dialogue with the 6do AI chatbot for clarifications.
Please be advised that when utilizing the resources provided by 6do Encyclopedia, users must exercise due care and diligence with respect to the information contained therein. We expressly disclaim any and all legal liabilities arising from the use of such content.

Taiwan kicks off annual Han Kuang war games with eye on latest PLA threats

South China Morning Post

23-05-15 10:01

Taiwan's annual Han Kuang exercises are being held this week, with the aim of testing the ability of Taiwanese military personnel to respond to a range of potential scenarios involving the PLA. The events will include both tabletop drills as well as live-fire exercises slated to be held in July. US personnel are also said to be attending in some capacity - though it remains unclear whether this is limited to observing exercises or participation as well. Cross-strait tensions have been ratcheting up over the last year, with exercises around Taiwan increasing in scale and frequency. China views Taiwan as a breakaway province and regards the country as having no right to official overseas relations with any other country. Meanwhile, the United States has pledged to defend Taiwan's sovereignty but does not recognise it as an independent state.
PLA reveals US-China military encounter off Hong Kong ahead of 2021 Capitol riot

South China Morning Post

23-05-15 10:00

Recently released findings by Chinese scientists detail how the US destroyed its own floating sonars rather than allowing them to fall into Chinese hands during a naval confrontation with China earlier this year. In addition to 3 US military aircraft launching a submarine hunt, they also deployed sensors close to Dongsha islands (also known as Pratas islands). These islands are currently under Taiwanese control, and any actions that could be perceived as supportive of Taipei's administration of the islands could be seen as highly provocative by Beijing. Additionally, the US spy planes fly unusually low to the water which poses a risk to safety as they are flying close to the ground level. The US has been making a constant effort to target China's submarine forces through the use of sonar buoys and a variety of sensors. Reports from the Chinese scientists indicate that with the reliance on advanced technology, the US poses a severe threat to China's submarines making it much harder for them to operate undetected in the region.
Beijing’s Silicon Valley event to focus on AI and international cooperation

South China Morning Post

23-05-15 10:00

The Zhongguancun Forum, a state-backed tech event in Beijing, will focus on artificial intelligence (AI) and international cooperation. The six-day conference, to kick off on May 25, will focus on the “frontiers of science and technology development, specifically AI, quantum science and brain-computer interfaces”. The event will “deepen international openness and cooperation” with guests from almost 200 foreign governments and organisations across more than 80 countries and regions expected to attend. The comments echoed an address delivered by Chinese President Xi Jinping, who said that China would take a “more open attitude” and take part in “global innovation networks”.
Meet the Ivy-educated opposition leader who could end Thai military rule

Washington Post

23-05-15 09:17

Pita Limjaroenrat, the leader of Move Forward party, is seeking to become Thailand's next prime minister. Despite the military’s nearly decade-long rule, the party's results in Sunday's elections appear to have gone largely in their favour, which could see Limjaroenrat as Thailand's next premier. The liberal party aims to move Thailand out of the slow economic growth it's experienced over the last decade, diversify its tourism-dependent economy, and end military conscription and lèse-majesté, which criminalises speaking poorly of the monarchy. However, Limjaroenrat's ascendance could be complicated by the military's lingering influence.
US staffs up for sanctions crackdown as companies face fresh scrutiny


23-05-15 09:14

US government agencies are mobilising to increase sanctions and export control enforcement as the Biden administration uses economic warfare against Russia and China. US enforcement personnel are expanding beyond traditional areas, looking at cross-border economic activity across all industries. The Justice Department plans to hire more prosecutors for the National Security Division and is increasing funding for the unit dealing with banking industry sanctions. Increasingly businesses feel they are on the front line of national security and are vulnerable to national security legal risks in new markets and industries.
Chinese Assessments of Countersanctions Strategies


23-05-16 14:00

The CSIS Economics Program and Interpret: China project recently held a panel discussion on Chinese views of the effectiveness of economic sanctions imposed on Russia by the US and its allies in response to the Ukraine crisis. The panel discussed what strategies and approaches Beijing might develop to counter or circumvent similar US-led action in the future. The discussion was based on recently translated primary source documents and included experts from the Peterson Institute for International Economics, the School of Global Policy and Strategy at the University of California San Diego, and the International Institute for Strategic Studies.
A barbecue frenzy is gripping China. Can street food revive the economy?


23-05-16 01:34

China is set to allow street peddlers to operate in many of its cities to try to revitalise the economy and tackle youth unemployment, which stood at 19.6% in March and is expected to worsen with a record 11.6 million college students expected to graduate this year. Several cities relaxed their rules on street selling this year, following on from a viral sensation featuring an outdoor barbecue in Zibo, a little-known city in China's Shandong province. CNBC said the trend revealed the Chinese leadership's struggle to tackle the country's economic challenges. Steve Tsang, director of the SOAS China Institute at the SOAS University of London said: "It does look like the Chinese leadership cannot find better ways to create employment and thus maintain stability and order than encouraging young people to be street vendors. For workers or graduates with skills for the digital era, taking on street vending is a sign of desperation rather than creative thinking."
G7 host Japan seeks unity on threat from China

Financial Times

23-05-16 01:23

Japanese Prime Minister Fumio Kishida’s key aim during the annual G7 summit this weekend is to establish a united G7 response to China's military ambitions and "economic coercion," as the country continues to seek closer ties with NATO and imposes sanctions against Moscow as a result of the ongoing war in Ukraine. China’s interventionism has driven Japan to adopt a very cautious approach, revamping its military organisation and increasing security cooperation with nations in Southeast Asia and Europe. However, it is anticipated that the G7 will not agree on any specific new economic tools of security, and crucially, China will not be named in the statement. This widespread caucus approach aims to support countries being bullied by China rather than being completely focused on an offensive strategy. The EU, as well as other G7 members, remain very reluctant to adopt a more antagonistic stance, preferring to improve relations with emerging economies, particularly from Asia, Africa and South America.
Michael Burry Doubles Alibaba Stake in Big Bet on China Tech


23-05-16 00:48

Hedge fund manager Michael Burry has increased his bets on Chinese e-commerce giants and Alibaba despite many of his peers backing away. The two companies are now the biggest holdings of Burry's Scion Asset Management, accounting for 20% of his stock portfolio. Burry is famed for predicting the 2008 housing crash and his contrarian bets, and he is hoping that and Alibaba will recover from their recent struggles and overcome geopolitical risks. Burry bought shares in the companies late last year and boosted his holdings in Q1 2022, at a time when other hedge funds were selling.
Moody’s raises China property sector outlook for first time in about two years

South China Morning Post

23-05-16 00:00

Moody’s Investors Service has predicted growth for China's property market over the next 12 months. Its report said that a gradual improvement in sales volume from a 28% drop last year would stimulate interest, while government interventions would also boost the sector. However, the first-quarter growth rate of up to 6% year on year would not continue and a fluctuating rate of improvement was envisaged. Moody’s would revise its forecast positively if the nationwide rate of home sales grew by more than 10% over the next year, or negatively if the contracted rate fell by over 5% within the next six to 12 months.
Chinese Assessments of Countersanctions Strategies


23-05-16 14:00

The CSIS Economics Program and Interpret: China project recently held a panel discussion on Chinese views of the effectiveness of economic sanctions imposed on Russia by the US and its allies in response to the Ukraine crisis. The panel discussed what strategies and approaches Beijing might develop to counter or circumvent similar US-led action in the future. The discussion was based on recently translated primary source documents and included experts from the Peterson Institute for International Economics, the School of Global Policy and Strategy at the University of California San Diego, and the International Institute for Strategic Studies.
Baidu charts an AI future after posting better-than-expected earnings

South China Morning Post

23-05-16 09:49

China's biggest search engine and AI innovator, Baidu, has released its Q1 results and beat revenue estimates by posting $4.5bn. Its net income reached ¥5.8bn for the period, compared to the first quarter of last year which made a loss of ¥885m. Although advertising accounted for the largest chunk of its sales revenue, Baidu has expressed that its future lies within AI and has developed its Ernie Bot to break into the market for AI-powered chatbots. Its competitors, Alibaba Group and Tencent Holdings, are also developing similar technologies to ChatGPT.
China’s chip output records first monthly growth in 16 months

South China Morning Post

23-05-16 09:30

China's chip production has increased for the first time in 16 months, according to government figures. The rise was driven by a 3.8% YoY increase in April to 28.1 billion integrated circuits, while March declined only 3% YoY from last year, compared with the 17% YoY drop in the first two months. The Chinese government has called for local industry to boost domestic chip production in order to reduce dependence on imports, which have declined as the US tightens restrictions on semiconductor technologies and equipment.
Top Cambodian party challenging Hun Sen’s rule denied election registration

South China Morning Post

23-05-16 09:24

Cambodia's National Election Commission has barred the opposition Candlelight Party from participating in the country's July elections, claiming it failed to present required documents. The move leaves the governing Cambodian People's Party with no credible political opposition, and the only remedy for the opposition is to file a successful appeal to the Constitutional Council. The Candlelight Party is the unofficial successor of the Cambodia National Rescue Party which was dissolved last year, enabling the governing party to claim all seats in elections that were not considered free or fair by western nations.
Euro zone Q1 GDP growth confirmed at 0.1% q/q


23-05-16 09:20

Eurostat has confirmed that the Eurozone grew by 0.1% quarter-on-quarter in Q1 2015 with a sharp increase in exports that boosted the Eurozone trade surplus. The statistics also showed that employment grew by 0.6% in Q1 2015 for a 1.7% YoY rise. The better net trade result came mainly from higher exports of machinery, vehicles and chemicals, and a drop in imports of energy.
ASIA Eyes on Japan GDP, China losing steam


23-05-16 21:46

Japan's GDP figures for the first quarter are set to be the highlight for Asian markets on Wednesday, with expectations of annualised growth of 0.7%, the fastest rate in three quarters, leading to Tokyo stocks opening up 0.2%. China's weaker than expected economic data for April has resulted in slumps across Chinese financial assets, with April house prices also due on Wednesday. Although offshore investors have a new scheme to link Hong Kong with the mainland in order to access interest rate derivatives to help hedge their Chinese bond exposure, concerns about debt demand have cast extra doubt over the yuan's ability to gain reserve currency status.
In Taiwan, former UK PM Truss warns against appeasing China


23-05-16 21:36

Former British Prime Minister Liz Truss will say during her visit to Taiwan on August 18 that the West must stand firm against China and offer unwavering support to the independent state. This follows a period of strained relations between Britain and China in recent years, including the increasingly aggressive foreign policy stances taken by China's government. Truss disagrees with the engagement model currently favored by the UK's conservative government, which seeks to engage economically and avoid national security threats. The statement by Truss follows similar calls by the US government in light of China's human rights abuses in Hong Kong and its occupation of Taiwan.
Brand China a ‘threat’, Truss tells Sunak in Taiwan speech

The Independent

23-05-16 21:15

The UK's newly-appointed foreign secretary, Liz Truss, will call on the country's Chancellor Rishi Sunak to designate China as a national security threat during a speech in Taiwan this Wednesday. Truss will also urge the government to 'urgently' close China's 30 Confucius Institutes in the UK. This marks a significant hardening of the UK's stance towards China, as prime minister Boris Johnson only last year described China as the "biggest long-term threat to Britain". Truss is the first former UK prime minister to visit Taiwan since Margaret Thatcher in the 1990s.
EU couples up with India as it races to ‘de-risk’ China ties

Deutsche Welle

23-05-16 21:01

The European Union (EU) is seeking deeper ties with India amid pressures to reduce economic dependence on China. While Brussels is not looking to cut off ties with Beijing altogether, it intends to diversify its supply chains by reducing its reliance on China. This where India comes into play. During the first meeting of the EU-India Trade and Technology Council, the word “de-risk” was mentioned several times by both sides, indicating their shared goal to reduce economic dependence on China. The EU has plans to increase cooperation with India on quantum and high-performance computing while making their digital public services more compatible. "India has a population of 1.4 billion. So, we are an economy of scale, and the EU is an economy of skill — it's natural that these two power centers should come together," according to Swasti Rao, an associate fellow at the Indian government-funded think tank, the Manohar Parrikar Institute for Defense Studies and Analyses.