China Current Events

Chinese News Site Updated Daily

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



Leave a Reply

You must be logged in to post a comment.

  • RSS China Current Events

    • Caixin China PMI in surprise drop to 2-year low - CNBC August 3, 2015
      CNBCCaixin China PMI in surprise drop to 2-year lowCNBCA key China economic indicator took a sharp turn for the worse, with the final reading for the Caixin China purchasing managers' index (PMI) for July surprising with a drop to a two-year low. "The downturn in China's manufacturing sector intensified at ...Asia Stocks Decline as China Manuf
    • Asian Stocks Fall on China Growth Concerns as Oil Extends Drop - Bloomberg August 3, 2015
      ReutersAsian Stocks Fall on China Growth Concerns as Oil Extends DropBloombergAsian stocks fell for the first time in four days amid signs of a deepening slowdown in China's economy. Crude declined with copper, while the won strengthened. The MSCI Asia Pacific Index lost 0.7 percent at 12:10 p.m. in Tokyo. The Shanghai Composite ...Asian stocks near 201
    • With Growth Target at Risk, China Prepares for New Spending - Bloomberg August 3, 2015
      BloombergWith Growth Target at Risk, China Prepares for New SpendingBloombergChina's leadership is preparing fresh fiscal spending to ensure that signs of economic weakening don't put their 2015 growth target out of reach, a danger that was underscored by a deterioration in manufacturing in July. Ahead of the top leadership's ...Quantitative e
    • China stocks trader counts his losses: 'Never trust the government' - BBC News August 3, 2015
      BBC NewsChina stocks trader counts his losses: 'Never trust the government'BBC NewsPlato got his nickname when he was a student in Manchester. But he's not feeling like the philosopher king now. His finance degree helped him get a management job at a Beijing hospital. But it didn't warn him off the rollercoaster Chinese stock market.The R
    • Chinese textile mills are now hiring in places where cotton was king - CNBC August 3, 2015
      CNBCChinese textile mills are now hiring in places where cotton was kingCNBCTwenty-five years ago, Ni Meijuan earned $19 a month working the spinning machines at a vast textile factory in the Chinese city of Hangzhou. Now at the Keer's cotton mill in South Carolina, which opened in April, Ms. Ni is training American workers to ...and more »
    • 'China's Airbnb' Raises $300 Million in Funding Round - Wall Street Journal August 2, 2015
      Wall Street Journal'China's Airbnb' Raises $300 Million in Funding RoundWall Street JournalTujia's website and app feature more than 310,000 properties, covering 255 travel destinations across China. The company also offers vacation homes in 133 overseas locations, including Bali, Phuket and Tokyo, for Chinese outbound tourists
    • Meet China's Stock Rescue Chief: He Never Saw the Crisis Coming - Bloomberg August 2, 2015
      BloombergMeet China's Stock Rescue Chief: He Never Saw the Crisis ComingBloombergAfter China's stocks crashed in June, the government put more than $400 billion at the disposal of a little-known state agency, the China Securities Finance Corp., headed by an academic and bureaucrat named Nie Qingping. It was told to save the market.and more »
    • Uniqlo Aims for Bigger Gains in China - Wall Street Journal August 2, 2015
      Wall Street JournalUniqlo Aims for Bigger Gains in ChinaWall Street JournalTOKYO—Many business leaders worry about the clouds gathering over China. Not Tadashi Yanai of Japanese apparel chain Uniqlo, which is counting on the country for growth. While sales of luxury goods are slumping in China, hurt by a crackdown on ...and more »
    • China Car Sales Drop Flashes Yellow Light for Its Economy - Bloomberg August 2, 2015
      China Car Sales Drop Flashes Yellow Light for Its EconomyBloombergWhen China's economy was booming, motorists became a symbol of the nation's new spending power. Now, falling car sales may be more a symbol of China's steady deceleration. Voracious demand saw China overtake the U.S. as the world's biggest car ...and more »
    • Citadel Says One of Its China Accounts Was Suspended - Wall Street Journal August 2, 2015
      Wall Street JournalCitadel Says One of Its China Accounts Was SuspendedWall Street JournalBEIJING—U.S.-based hedge fund firm Citadel LLC said trading in one of the accounts it manages in China has been suspended, as regulators battle a steep slide in stock prices. China's securities regulator said Friday it has launched a probe into ...PRESS DIGEST-Chin