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Current Events in China: July 7

Posted on | July 6, 2012 | No Comments

China reacts calmly to US after WTO auto complaint

China on Friday urged the United States to ensure trade disputes did not harm overall economic ties, after Washington filed a WTO complaint over Chinese duties on imported American cars.  Read more

In U.S.-China Car Clash, Obama Should Drive Harder

President Obama is right to blast China for unfair trade practices in the world’s largest auto market. But he’s aiming far too low.  While visiting a Jeep plant in Toledo on Thursday, Obama challenged China’s decision to impose special tariffs of as much as 34% on SUV imports from the U.S., valued at $3.3 billion.  Read more

Hong Kong customs officers make record 650-kg cocaine bust

Hong Kong customs officers said Friday they had made the city’s largest ever cocaine bust, after finding almost 650 kilograms of the drug — with a street value of about US$98 million — in a shipping container.  Read more

China Rate Cut Bad for Banks

Orphans pictured chained up in China

Authorities have suspended the director of an orphanage in eastern China after photographs showing two mentally disabled children shackled to furniture with metal chains were posted online.  Read more

Powering Down Coal-Fired Economic Expansion

Mountains of stockpiled coal and rising service-sector electricity demand are signs of an easing, evolving economy.  Read more

The Future Business of Multinationals in China

China plans £3bn theme park in Tibet

Authorities want to attract 15 million tourists to Tibet per year but local groups worry about damage to traditional culture.  Read more

After settling one case, Apple faces two more Chinese lawsuits

For Apple in China, it’s been one step forward and two steps back when it comes to lawsuits.  It’s an old cliche, but nothing describes Apple’s situation more accurately now that the Cupertino, Calif., tech giant has been sued by two more Chinese companies after having just come to a settlement with another.  Read more

China Rate Cut a Strong Positive for Property Market

95% of Taiwan’s elementary school students on Facebook

Around 95% of the elementary school students aged 10-12 in Taiwan have Facebook accounts, even though the social network requires individuals to be at least 13 years old to register as users of the site, according to the results of a survey released Tuesday.  Read more

 

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