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China Current Events: May 16

Posted on | May 15, 2012 | No Comments

China to increase residential land supplies this year

China will increase residential land supplies by more than 20 percent this year in order to further restrain property prices, according to a plan released by land resource authorities Tuesday.  Read more

US launches air pollution data in Shanghai

The United States consulate in Shanghai has begun issuing its own pollution statistics, giving a much more pessimistic assessment of the city’s air quality than official Chinese data.  Read more

Chen Guangcheng makes second call to US Congress

For the second time in less than two weeks, Chinese dissident Chen Guangcheng has spoken by phone to a US congressional hearing and alleged persecution of his relatives.  Read more

China’s First Shale Gas Wells Near Production

China Petrochemical Corp. (Sinopec) says it will start to pumping gas from a shale project in the southwestern province of Sichuan in early June – the first such production in the country.  Read more

Death toll rises to 53 in storms

Authorities in northwest China have reported 53 deaths and 18 people missing as of 4 pm Monday as a result of hail and torrential rains that battered two mountainous counties in the region last week.  Read more

Insight: French architect could be pivotal figure in China scandal

An elusive French architect is emerging as a key figure in China’s biggest political scandal in two decades, with evidence suggesting he shared both an affectionate and close business relationship with the Chinese woman at the heart of the scandal.  Read more

In China, more money but not more happiness, study says

The economy may have boomed in China, but happiness hasn’t boomed along with it, according to a University of Southern California study released Monday. Happiness levels dropped and then bounced back over the last two decades, changing little on the whole even as Chinese incomes grew at least fourfold.  Read more

After slamming brakes on growth, China reaches for stimulus

Industrial production, imports and exports show signs of a slowdown. The deceleration is being felt in the U.S., especially Southern California.  Read more

High home ownership does not deter property speculation in China

One stated objective of China’s real estate control policy is to curb speculation and price increases, so that prospective buyers are able to own their own homes.  Read more

Beijing Pledges to ‘Clean Out’ Illegal Foreigners

Beijing has launched a 100-day campaign to “clean out” foreigners living or working illegally in the city amid a fervent online debate over the behavior, both good and bad, of outsiders inChina.  Read more

Video: The Business of Being Yao Ming (and His Advice to Jeremy Lin)

From owning the Shanghai Sharks to fighting for China’s wetlands, former basketball star Yao Ming has plenty of post-NBA ambitions. He tells the WSJ’s Deborah Kan why preserving his country’s environment is so important and what advice he has for New York Knick Jeremy Lin.  Read more

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