China Current Events

Chinese News Site Updated Daily

China Current Events: August 1

China prepares vast stimulus as slump threatens Asia China has ditched its reform strategy and prepared a vast stimulus package as the country’s soft-landing turns uncomfortably hard, with recession warnings flashing across East Asia.  Read more China shifts to capital account deficit in Q2 China’s capital and financial account shifted to a deficit of 71.4 […]

Current Events in China: July 31

China to survey surface of the Moon with Chang’e 3 in 2013 China aims to land its first probe on the Moon in the second half of next year, state media reported on Monday, the next step in an ambitious space program which includes building a space station.  Read more Chinese investment in US ‘set […]

China Current Events: July 30

Wu and He take first gold in diving competition They went into the women’s 3m synchronized springboard competition as overwhelming favorites and they didn’t disappoint: Wun Minxia and He Zi opened the diving competition in the Aquatics center with a stunning performance that hints that the Chinese diving team might be able to complete the […]

Current Events in China: July 28

Chinese man rides rickshaw to London for games It’s a tale of Olympian proportions: A man, a rickshaw, and a slow journey from a Chinese village to London through 16 countries.  Read more China steps up stimulus spending at local level China is stepping up stimulus spending at the local level seeking to counter its […]

China Current Events: July 27

Gu Kailai poisoned Neil Heywood ‘after he threatened her son’ The wife of one of China’s most senior political leaders has been charged with murdering the British businessman Neil Heywood over his alleged threat to her son’s “personal security”, state media announced yesterday.  Read more China develops attack copter, denies piracy allegations China today confirmed […]

Current Events in China: July 26

Beijing sees reshuffle amid flood scandal Beijing’s mayor and a vice mayor have resigned, state media reported Wednesday, in what is likely a routine reshuffling that comes amid public questioning of the city government’s handling of rainstorms that left at least 37 dead in the capital. Read more China to form high-speed railway network by […]

China Current Events: July 25

Slowing economy sharply weakens China’s tax revenue growth The Chinese government collected much less tax in the first half of this year as the economy expanded at its slowest pace since the depth of the global financial crisis, according to data released by the Ministry of Finance (MOF) on Tuesday.  Read more China announces South […]

Current Events in China: July 24

Beijing rains kill 37, raise debates As China’s flood-ravaged capital dealt with the aftermath of the heaviest rain in six decades Monday, including the deaths of 37 people, questions were being raised about whether the city’s push for modernization came at the expense of basic infrastructure such as drainage networks.  Read more CNOOC to buy […]

Current Events in China: July 23

Ten die as record rainfall pounds Beijing The heaviest rain to hit Beijing in over 60 years left at least 10 people dead and forced more than 50,000 to evacuate, state media said Sunday.  Read more Island row escalates as China plans to set up military garrison China announced Sunday it will establish a military […]

China Current Events: July 21

Chinese court upholds Ai Weiwei’s US$2.4 mil. tax fine A Chinese court on Friday upheld a US$2.4 million fine for tax evasion against the country’s most famous dissident, Ai Weiwei, after barring him from attending the hearing, in a case that critics accuse Beijing of using to muzzle the outspoken artist.  Read more China’s population […]

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    • How Bad Is Systemic Risk In China? - Forbes August 4, 2015
      ForbesHow Bad Is Systemic Risk In China?ForbesThere is risk in all markets; developed or developing, when the risks hit hard, few saw it coming. How many guys called the pending derivatives bubble blow out that would follow the American housing crisis? On TV, maybe three guys. In China, the ...
    • China's Stock Exchanges Crack Down on Short-Selling - New York Times August 4, 2015
      New York TimesChina's Stock Exchanges Crack Down on Short-SellingNew York TimesChina's leaders are now one month into an all-out campaign to halt losses on the country's share markets, which have plunged sharply despite efforts that have included direct and indirect state purchases of shares, and bans on major shareholders ...China Curbs Short
    • iPhone falls from Number 1 spot to 3rd in China - CNNMoney August 4, 2015
      CNNMoneyiPhone falls from Number 1 spot to 3rd in ChinaCNNMoneyXiaomi, the Chinese upstart and most-valuable startup in the world, commanded 15.9% of the smartphone market in China during the second quarter, according to tech research firm Canalys. Huawei, which is China's fastest-growing smartphone maker, was ...Apple falls to third in China smartphone
    • China's ban on single women freezing their eggs has become a national conversation - Quartz August 4, 2015
      BBC NewsChina's ban on single women freezing their eggs has become a national conversationQuartzLast month, Chinese internet conglomerate Alibaba stepped in to help temporarily relieve China's sperm shortage: It put out a call for male applicants who, if healthy, would be paid 5,000 yuan ($805) for a donation. In 48 hours, over 22,000 men signed up
    • China's Response to Stock Rout Exposes Regulatory Disarray - Wall Street Journal August 4, 2015
      Wall Street JournalChina's Response to Stock Rout Exposes Regulatory DisarrayWall Street JournalBEIJING—As China's summer stock slide deepened, threatening a key plank of Beijing's plan to overhaul the world's No. 2 economy, the country's premier pounded the table and demanded that regulators get their act together. Meeting with seni
    • Is China's 2022 Winter Olympics song too much like 'Frozen's' 'Let It Go'? - CNN August 4, 2015
      CNNIs China's 2022 Winter Olympics song too much like 'Frozen's' 'Let It Go'?CNNSome Chinese Internet users seem to think so. They find "The Snow and Ice Dance," one of the 10 official songs Beijing used as a candidate city for the Games, eerily similar to "Let It Go," the worldwide hit belted out by the char
    • Fragile China? Don't be too sure - CNBC August 4, 2015
      CNBCFragile China? Don't be too sureCNBCWith earnings season now in full swing, China remains the buzzword – but for all the wrong reasons. As analysts and investors who have questioned the strength of the world's second-largest economy start to look a lot less like Cassandras wailing in the ...and more »
    • China Seeks Businessman Said to Have Fled to US, Further Straining Ties - New York Times August 4, 2015
      New York TimesChina Seeks Businessman Said to Have Fled to US, Further Straining TiesNew York TimesChina is demanding that the Obama administration return a wealthy and politically connected businessman who fled to the United States, according to several American officials familiar with the case. Should he seek political asylum, he could become one ...A well
    • China's Business Aviation Market Zooms a Little Slower - New York Times August 4, 2015
      New York TimesChina's Business Aviation Market Zooms a Little SlowerNew York Times“I don't think anybody's been spared,” said Jeffrey Lowe, managing director at the Asian Sky Group. “If you look at all the other high-end commodities that have been impacted as far as China sales, it's certainly not surprising that business jets are ...and
    • China, U.S. Spar Over Islands In South China Sea On Sidelines Of ASEAN Meeting - Huffington Post August 3, 2015
      Huffington PostChina, U.S. Spar Over Islands In South China Sea On Sidelines Of ASEAN MeetingHuffington PostBut in Washington, State Department Deputy spokesman Mark Toner said tensions in the South China Sea would be discussed as part of regional security concerns. "This is a forum in which critical security issues need to be brought up and discussed,