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Current Events in China: July 12

Posted on | July 11, 2012 | No Comments

Over 220,000 people evacuated as flood hits SW China county again

More than 220,000 people in southwest China’s Sichuan Province have been evacuated from low-lying areas following a flood that struck the disaster-prone region on Wednesday, local authorities said.  Read more

China Slowdown Seen Forcing Wen’s Hand on Property Curbs

China’s weakest growth in three years may pressure Premier Wen Jiabao to further ease the government’s crackdown on a property industry that accounts for more than a quarter of final demand.  Read more

China woman gets payout after forced, late abortion

Chinese authorities have paid US$11,000 to a woman forced to abort seven months into her pregnancy, her lawyer said Wednesday, adding that the money would never compensate for her endless pain.  Read more

Railroaded into a Fast-Train Technology Trap

Fast-train companies nationwide are paying heavily for a decision that favors ‘technology transfers’ over homegrown development.  Read more

Pay $1,570, learn how to attract rich men

Learn it from a pro! A 42-yearold Chinese women, married to a millionaire is giving classes on ‘How to attract rich men’ in Chengdu in China’s Southwest Sichuan province.  Read more

China and Brazil face sustained slowdown as eurozone crisis takes toll

Growth slows in emerging economies on continuing eurozone crisis and deterioration in US economy, HSBC report says.  Read more

Banks play cat-and-mouse with Beijing to comply with rules

China’s banks are playing a game of cat-and-mouse with the Beijing authorities, window-dressing deposit numbers at the end of each quarter to meet regulatory requirements on how much funds they must hold.  Read more

Latin America’s love affair with China may sour

Latin America has developed a dangerous dependency on China as a voracious consumer of commodity exports and the region now faces a potential hit as the huge Asian economy cools.  Read more

Architect in Gu Kailai case to decide whether to go to China: Cambodia

Patrick Devillers, a close friend of Gu Kailai — the wife of defenestrated Chongqing party chief Bo Xilai — has been asked to make his way to China after his arrest in Cambodia, though the authorities in Phnomh Penh say the decision to do so or not will be his. Read more

Chinese City Puts Bounty on Flesh-Eating Fish, Internet Laughs

Chinese Internet users are mocking the city of Liuzhou for offering a 1,000-yuan ($157) reward to anyone who can catch flesh-tearing piranha from the local river.  Read more

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