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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    • Commodities fall saves China's blushes - Financial Times July 5, 2015
      Commodities fall saves China's blushesFinancial TimesAt its first-quarter briefing in April, China's National Bureau of Statistics (NBS) reported that gross domestic product had risen 7 per cent, but did not provide a breakdown of the figure into its three components — consumption, investment and net ...
    • China's Market Rout Is a Double Threat - New York Times July 5, 2015
      New York TimesChina's Market Rout Is a Double ThreatNew York TimesHONG KONG — For nearly three years, President Xi Jinping of China has crushed opposition by silencing and often locking up anyone who dares defy the government. But that aura of invincibility has been shaken by stock market speculators who have made ...China's Central Bank to Provide
    • China's stock markets are about to face a make-or-break week - Business Insider July 5, 2015
      Business InsiderChina's stock markets are about to face a make-or-break weekBusiness InsiderChina's stock markets may be facing a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that could threaten the world's second-largest economy. The government is ...a
    • Meanwhile In China - New York Times (blog) July 5, 2015
      Meanwhile In ChinaNew York Times (blog)Some of us have been worrying quite a lot about China — an economy that at market exchange rates is 40 times the size of Greece, and is severely unbalanced. And in the past month, mainly in the past few days, the Shanghai stock index has fallen almost ...
    • S. Korean official falls to death in China - Yahoo News July 5, 2015
      Yahoo NewsS. Korean official falls to death in ChinaYahoo NewsAn official dispatched from Seoul to deal with the aftermath of a bus crash in China that killed 10 South Koreans was found dead in a suspected suicide early Sunday after falling from a hotel, Chinese state media reported.South Korean fatal bus tour official falls to his death in ChinaSouth China
    • 'Terminator Genisys' Release in China Will be a Litmus Test For Hollywood - Forbes July 5, 2015
      Forbes'Terminator Genisys' Release in China Will be a Litmus Test For HollywoodForbesThis week's lackluster global debut of Terminator Genisys, the new installment in the 31 year-old Terminator franchise, will have the executives at Paramount looking east and hoping for a China save. With its massive movie market now routinely ...and more »
    • Hillary Clinton says China hacks into “everything that doesn't move” - Quartz July 5, 2015
      CNNHillary Clinton says China hacks into “everything that doesn't move”QuartzFormer US secretary of state and Democratic candidate for president Hillary Clinton warns supporters of an increasingly aggressive China during a campaign event in New Hampshire on July 4, 2015. (Reuters/Dominick Reuter) ...Clinton has strong words on Chinese hackingCNNHillary
    • China says tourists attacked in Turkey during anti-China protests - Reuters July 5, 2015
      ReutersChina says tourists attacked in Turkey during anti-China protestsReutersRelations between Turkey and China have been strained recently over the treatment of Muslim Uighur people in China's far western region of Xinjiang, who have reportedly had been banned from worship and fasting during the holy month of Ramadan.Hundreds march in Istanbul to pro
    • Japan joins US-Australia war games in NT and Queensland amid China dispute - The Guardian July 5, 2015
      The GuardianJapan joins US-Australia war games in NT and Queensland amid China disputeThe Guardian“There's subtle message going out that at every level – from hardware to technical and strategic expertise and co-operation – the main American allies and America are working very closely together largely to account for China,” said a China specialist ...Ja
    • China spends billions to prevent stock market crash - CNNMoney July 4, 2015
      Financial TimesChina spends billions to prevent stock market crashCNNMoneyOn Saturday, China's 21 largest brokerage firms said they would spend a whopping 120 billion yuan (about $19.3 billion) to try to stabilize the market, according to Chinese state media. The firms will actually buy stock funds themselves. The goal is to ...China scrambles to reassu