China Current Events

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Current Events in China: July 20

Posted on | July 19, 2012 | No Comments

China reprimands Russia for alleged attack on Chinese fishing boats

Chinese Vice Foreign Minister Cheng Guoping on Thursday expressed strong dissatisfaction with Russia over an alleged attack on a Chinese fishing vessel, which has left a fisherman missing.  Read more

China pledges US$20 bil. credit to African nations

Chinese President Hu Jintao on Thursday pledged African governments US$20 billion in credit over the next three years and called for more China-Africa coordination in international affairs to defend against the “bullying” of richer powers.  Read more

SE Asia seeks common ground on South China Sea spat

Indonesia’s foreign minister will detail talks by Southeast Asian states aimed at crafting a joint statement on the South China Sea dispute, which undermined a regional summit last week and underscored growing tensions over the territory.  Read more

J-60 presents challenge to US and Asian allies

The J-60, a Chinese stealth fighter under development for use by the PLA’s naval aviation division as a carrier-based fighter, is now considered a threat by the United States and its Asian allies, according to reports by state broadcaster China Radio International.  Read more

Adidas to quit China for Southeast Asia amid rising costs

International sports brand Adidas said it will follow in Nike’s footsteps to close its only production line in China due to rising costs. As labor and land costs rise in China, many multinationals are relocating their factories to countries in Southeast Asia.  Read more

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    • US says Europeans could help more in South China Sea dispute - Reuters July 30, 2015
      Financial TimesUS says Europeans could help more in South China Sea disputeReutersWASHINGTON In a rare admonishment of a close ally, the United States urged the European Union on Wednesday to speak out more forcefully to support Washington in its dispute with China over building and militarization of man-made outposts in the South ...China military exercises
    • Uncertain Trade Path for South Korea's Kimchi - New York Times July 29, 2015
      New York TimesUncertain Trade Path for South Korea's KimchiNew York TimesSEOUL, South Korea — The fate of South Korea's kimchi industry rests on whether China considers it pickled or not. When China reclassified the fermented cabbage dish several years ago, Korean exports of kimchi evaporated. As a pickled product, it did ...
    • China's Thumb on Fed Rate-Rise Scale - Wall Street Journal July 29, 2015
      Wall Street JournalChina's Thumb on Fed Rate-Rise ScaleWall Street JournalChina's economy was already cooling when its stock market started galloping higher, encouraged by government officials who saw higher share prices as a way to moderate the slowdown and help transition the country away from investment-led growth.China Stock Meltdown Just Creat
    • Fears over China's market crash are overblown - CNNMoney July 29, 2015
      CNNMoneyFears over China's market crash are overblownCNNMoneyThe stock market in China is notably different from other major trading floors. It is highly speculative and the bets placed by the retail investors who play there are unlikely to reflect broader economic and corporate trends; particularly when ...China stock rescue suffers exit woundsFinancia
    • Obama, on China's Turf, Presents US as a Better Partner for Africa - New York Times July 29, 2015
      New York TimesObama, on China's Turf, Presents US as a Better Partner for AfricaNew York TimesADDIS ABABA, Ethiopia — Without ever quite saying so explicitly, President Obama used his four-day trip to Africa to suggest that the United States offers an alternative to China's aggressive courtship of the continent. At a time when China has ...In Ethio
    • This Is What Could Start a War between India and China - The National Interest Online (blog) July 29, 2015
      The National Interest Online (blog)This Is What Could Start a War between India and ChinaThe National Interest Online (blog)While everyone's anxiously watching and analyzing the events unraveling in the South China Sea, there's another resource conflict involving China that also deserves attention. In the Himalayas, China and India are competing fo
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      New York TimesChina says to fight terror, people smuggling with TurkeyReutersHundreds, perhaps thousands, of Uighurs, a largely Muslim ethnic minority that calls Xinjiang home, have left China in recent years, traveling to Turkey via Southeast Asia, having first illegally crossed the Chinese border. Rights groups say such ...Ethnic Tensions in Xinjiang Compl
    • China's crusade to remove crosses from churches 'is for safety concerns' - The Guardian July 29, 2015
      The GuardianChina's crusade to remove crosses from churches 'is for safety concerns'The GuardianIn fact, there is growing anger among China's rapidly growing Christian community over the campaign, which has affected both Catholic and Protestant congregations. Last Friday, a group of Catholic clergy – including an 89-year-old bishop – took
    • Charts and maps: How Japan's companies are beating China's in overseas M&A - Quartz July 29, 2015
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    • China has a major bubble problem - CNNMoney July 29, 2015
      CNNMoneyChina has a major bubble problemCNNMoney"What we have here is Chinese households with a huge savings rate, with a lot of cash to invest," said Brian Jackson, a China economist with IHS Global Insight. "There are fairly limited formal investment options in China, so people crowd into the ones ...and more »