China Current Events

Chinese News Site Updated Daily

China Current Events: July 18

Posted on | July 17, 2012 | No Comments

China’s GDP Hit Tells Story of Hubris Run Amok

The lesson from recent economic data and policy moves in Asia (MXAP) is this: Hubris still has its costs. In recent years, Asia believed its own press a little too much. The way it steered around the financial crisis of 2008, the dizzying stock gains, the migration of bankers from New York to Hong Kong and the region’s mergers-and-acquisitions binge were all interpreted as immutable signs of Asia’s economic arrival.  Read more

China may go to war with Vietnam to shore up support: Russian media

An article published in a Russian newspaper suggests that China’s government will launch a war against Vietnam over the South China Sea, both to establish sovereignty over disputed islands and consolidate the support of its public.  Read more

Russia detains 36 Chinese fishermen, 2 boats: Xinhua

Russia has detained 36 Chinese fishermen and seized two ships for entering an exclusive economic zone in its far eastern Primorsky region, China’s state news agency Xinhua reported on Tuesday.  Read more

Chinese newspaper slams PH, Vietnam for running to US for help

One of China’s top newspapers has assailed the Philippines and Vietnam for their alleged “attempt to grab islands and waters (in the South China Sea), which don’t belong to them by riding the back of the tiger,” apparently referring to the United States.  Read more

Beijing has ‘reservations’ over WTO payments ruling

Beijing said Tuesday it had “reservations” over a World Trade Organization (WTO) ruling largely backing the United States in a dispute over lucrative electronic payments, in which U.S. companies are global leaders but lag in China.  Read more

Comments

Leave a Reply

You must be logged in to post a comment.

  • RSS China Current Events

    • Chinese Hackers Pursue Key Data on US Workers - New York Times July 10, 2014
      Fox NewsChinese Hackers Pursue Key Data on US WorkersNew York TimesWASHINGTON — Chinese hackers in March broke into the computer networks of the United States government agency that houses the personal information of all federal employees, according to senior American officials. They appeared to be targeting the ...Hackers In China Reportedly Targeted US Fed […]
    • China Exports Strengthen on US Demand - Wall Street Journal July 10, 2014
      Wall Street JournalChina Exports Strengthen on US DemandWall Street JournalBEIJING—Chinese exports grew in June on the back of strengthening U.S. consumer demand, in a positive sign for China's factory sector and for the global economic outlook. The pace of export growth disappointed some economists, though others blamed ...China June trade data misses […]
    • Taiwan diplomat fears China-Japan 'explosive' incident - USA TODAY July 10, 2014
      USA TODAYTaiwan diplomat fears China-Japan 'explosive' incidentUSA TODAYChina's territorial dispute with Japan over a chain of uninhabited islands in the East China Sea could lead to an "explosive" confrontation, Taiwan's top diplomat in the United States warned Wednesday. "These little islands could trigger something ...Ho […]
    • China media: Analysing Japan - BBC News July 10, 2014
      BBC NewsChina media: Analysing JapanBBC News"By drawing Australia to his side, it is obvious that Mr Abe has the intention to contain China. Whether Canberra chooses to stand by Beijing or Tokyo, splitting Asia into two will benefit no one, and will not help to maintain peace, stability and ...'Appalling and insensible': China rebukes Abbott f […]
    • China agrees to reduce FX intervention 'as conditions permit' - Reuters July 10, 2014
      ReutersChina agrees to reduce FX intervention 'as conditions permit'ReutersChina's Central Bank Governor Zhou Xiaochuan said on the sidelines of annual high-level talks between the two nations that China will "significantly" reduce its yuan intervention when some prerequisites are met. He did not give further details ...China Money R […]
    • China Says It's up to US to Drive Global Economy - ABC News July 10, 2014
      China Says It's up to US to Drive Global EconomyABC NewsChina's finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy. Lou Jiwei said that leaders are satisfied with the country's economic performance so far ... […]
    • China Rethinks the Death Penalty - New York Times July 10, 2014
      New York TimesChina Rethinks the Death PenaltyNew York TimesSHANGHAI — Last month, China's Supreme People's Court overturned the death sentence of a woman who brutally killed and dismembered her husband. The landmark decision to send the high-profile case back to a provincial court was yet another sign ...and more » […]
    • US Presses China on Currency - Wall Street Journal July 10, 2014
      Wall Street JournalUS Presses China on CurrencyWall Street JournalBEIJING—The U.S. and China launched formal economic talks Wednesday, with U.S. Treasury Secretary Jacob Lew arguing that exchange rate liberalization and other proposed measures were in China's interest and Chinese Vice Premier Wang Yang ... […]
    • Kerry Presses China to Abide by Maritime Laws to Ease Tensions - New York Times July 10, 2014
      New York TimesKerry Presses China to Abide by Maritime Laws to Ease TensionsNew York TimesBEIJING — In a closed-door session at a high-level gathering of Chinese and American officials here on Wednesday, Secretary of State John Kerry urged China to follow maritime law in nearby seas to reduce regional tensions, a senior American official said.US, China Talk […]
    • China Finance Minister Says 7.5% GDP Target Not a 'Floor' - Wall Street Journal July 9, 2014
      Wall Street JournalChina Finance Minister Says 7.5% GDP Target Not a 'Floor'Wall Street JournalEarly this year, China set its annual target at "around 7.5%." But recent statements by Premier Li Keqiang stressing the importance of growth have convinced some economists and officials that Beijing wouldn't be satisfied with anything belo […]