China Current Events

Chinese News Site Updated Daily

China Current Events: May 10

Posted on | May 9, 2012 | No Comments

Fed clears China’s first US bank takeover

The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company.  Read more

Ex-chief of Beijing tax bureau sentenced for corruption

The former head of Beijing’s taxation authority was sentenced to death with a two-year reprieve on Wednesday for graft and accepting bribes.  Read more

Beijing authorities promise to probe ‘dead baby’ pill claims

China has pledged to investigate allegations that capsules containing the powdered flesh of dead babies are being produced on its soil and smuggled into South Korea.  Read more

Toxic from the Tap

The water that flows from the Xiang River and into faucets of residents has been tainted from the source for decades.  Read more

China begins drilling in South China Sea

China’s first deep-water drilling rig started operation in the South China Sea on Wednesday, marking “a substantial step” by the country’s oil industry, a newspaper reported.  Read more

China’s Atlantis

Lion City is a bastion of a bygone era, hidden beneath about 30 meters of water. The pristine ruins of what was once home to about 5,400 people is receiving new attention, and some evacuated citizens have returned to recall the settlement’s glory days.  Read more

U.S. plans 10-month warship deployment to Singapore

The first of a new class of U.S. coastal warships will be sent to Singapore next spring for a roughly 10-month deployment, the Navy said on Wednesday, spotlighting a move that may stir China’s fears of U.S. involvement in South China Sea disputes.  Read more

US to protect Philippines in West Philippine Sea, says Gazmin

The Philippines said Wednesday the United States had pledged to protect it from attacks in the West Philippine Sea (South China Sea), a day after China issued a warning over a territorial row in the waters.  Read more

Comments

Leave a Reply

You must be logged in to post a comment.

  • RSS China Current Events

    • Racist commercial in China sparks ... outrage? Not exactly - Los Angeles Times May 27, 2016
      Los Angeles TimesRacist commercial in China sparks ... outrage? Not exactlyLos Angeles TimesThe ad is so brazenly racist that it delivers a visceral shock. A young Chinese woman is doing laundry. A young black man appears in the doorway, his face and white T-shirt smudged with paint. He gives the woman a classic wolf whistle, and winks.China's Qiaobi de
    • US panel launches trade secret theft probe into China steel - Reuters May 27, 2016
      ReutersUS panel launches trade secret theft probe into China steelReutersU.S. Steel is seeking to halt nearly all imports from China's largest steel producers and trading houses, in its complaint made under section 337 of the main U.S. tariff law. The International Trade Commission (ITC) said in a statement that it has not ...Trade fight: China calls ne
    • Qualcomm Will Make China-Customized Chips Through Chinese Venture - Wall Street Journal May 27, 2016
      Wall Street JournalQualcomm Will Make China-Customized Chips Through Chinese VentureWall Street JournalQualcomm President Derek Aberle said in an interview Friday in Beijing that his company set up a joint-venture with China's Guizhou province last year partly because he expects China's server demand to eventually eclipse that of the U.S. While wes
    • China's "Land Airbus" will let you drive directly under a bus - Fox News May 27, 2016
      Fox NewsChina's "Land Airbus" will let you drive directly under a busFox NewsA new take on mass transit may be headed to China as early as the end of the year: A so-called "Land Airbus" system that looks like an overgrown monorail as it motors over existing lanes of traffic. The big catch: cars can actually drive under the Land ...an
    • China's Zoomlion Abandons Pursuit of US Crane Maker Terex - Wall Street Journal May 27, 2016
      Wall Street JournalChina's Zoomlion Abandons Pursuit of US Crane Maker TerexWall Street JournalChina's Zoomlion Heavy Industry Science & Technology Co. walked away from a proposed multibillion-dollar acquisition of U.S. crane maker Terex Corp., the latest Chinese takeover deal to fall through. The Chinese maker of cranes and bulldozers had been
    • Obama's Hiroshima visit: China and South Korea wary - Aljazeera.com (blog) May 27, 2016
      Aljazeera.com (blog)Obama's Hiroshima visit: China and South Korea waryAljazeera.com (blog)President Barack Obama has become the first sitting US president to visit the western Japanese city of Hiroshima, the site of the first atomic bombing at the end of World War II in 1945. Friday's visit - the culmination of Obama's nuclear policy since ..
    • Asia Pacific|Bus Project Finds a Way Around China's Traffic Jams: Gliding Above Them - New York Times May 27, 2016
      New York TimesAsia Pacific|Bus Project Finds a Way Around China's Traffic Jams: Gliding Above ThemNew York TimesBEIJING — Could the solution to China's urban gridlock be a flying bus? A model for a giant, elevated bus was presented over the weekend at the Beijing International High-Tech Expo, though it was not the first time that what has been call
    • China faces headaches from warming Vietnam-US ties - Reuters May 27, 2016
      ReutersChina faces headaches from warming Vietnam-US tiesReutersAnd yet regional military sources and security analysts say China will face short and longer term strategic headaches from the fully normalized relationship between former enemies in Hanoi and Washington. Operationally, China faces the short-term ...China And Japan On A Collision Course With The
    • China Swaps Troupes for Troops - Wall Street Journal May 26, 2016
      Wall Street JournalChina Swaps Troupes for TroopsWall Street JournalBEIJING—One military unit in China's northeast has racked up some notable international victories. They're just not the kind President Xi Jinping wants as he undertakes the biggest restructuring of the People's Liberation Army since the 1950s. Among ...and more »
    • China's Middle Class Is About to Demand Big Changes - Fortune May 26, 2016
      FortuneChina's Middle Class Is About to Demand Big ChangesFortuneIn the case of China, this rule does not seem to apply, at least up to this point. Depending on what estimates one uses, the number of middle class people in China varies from roughly 70% of the urban population (based on a McKinsey study in 2013) to ...and more »