China Current Events

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China Current Events: July 6

Posted on | July 5, 2012 | No Comments

China surprises with second rate cut in weeks

China’s central bank cut interest rates for the second time in a matter of weeks on Thursday, stepping up efforts to bolster an economy that last quarter probably suffered its weakest growth since the global financial crisis.  Read more

Two child-trafficking gangs eliminated in China

Chinese police on Monday broke up two major child-trafficking gangs, arrested 802 suspects and freed 181 children, the Ministry of Public Security (MPS) said Thursday.  Read more

China starts stockpiling rare earths for strategic reserves, report says

China has started stockpiling rare earths for strategic reserves, a state-backed newspaper said Thursday, in a move that may raise more worries over Beijing’s control of the coveted resources.  Read more

Chinese academics urge end to one-child policy

Leading Chinese academics have urged the country to abandon its controversial one-child policy, weeks after the case of a mother who was forced to abort her 7-month-old foetus caused widespread outrage.  Read more

China Catholic priest missing amid Vatican row

A priest in northeast China has been taken into custody, apparently due to his opposition to the ordination of a Chinese bishop who lacks the Vatican’s consent, the priest’s diocese said Thursday.  Read more

Chinese shrine seeks stock-market path to financial nirvana

Zhejiang’s Mount Putuo is latest sacred site to contemplate listing, prompting alarm over commercialisation of Chinese culture.  Read more

China Indomitable Developers – Passing the Debt Parcel

China’s property developers have shown themselves to be the great survivors of China’s economy. After two years of having sales squeezed from one end and their supply of credit squeezed from the other, the industry has so far managed to hold out against steep price cuts and significant consolidation.  Read more

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