China Current Events: July 21
Posted on | July 20, 2012 | No Comments
Chinese court upholds Ai Weiwei’s US$2.4 mil. tax fine
A Chinese court on Friday upheld a US$2.4 million fine for tax evasion against the country’s most famous dissident, Ai Weiwei, after barring him from attending the hearing, in a case that critics accuse Beijing of using to muzzle the outspoken artist. Read more
China’s population of Internet users increases to a staggering 538 million
China’s population of Internet users, already the world’s biggest, has risen to 538 million, driven by rapid growth in wireless Web surfing, an industry group said Thursday. Read more
China to probe U.S., South Korean solar materials imports
China will open investigations into imported U.S. and South Korean solar-grade polysilicon, the country’s trade ministry said on Friday, in the latest instance of growing tensions between major solar manufacturers. Read more
Taiwanese most financially literate group in Asia-Pacific: poll
Taiwanese people and New Zealanders are the most financially literate groups compared with people from 12 other areas in the Asia-Pacific region, a Master Card survey showed Thursday. Read more
A Year After the Wenzhou Train Crash, Burying Continues
Chinese citizens almost one year ago were outraged to see government officials pushing into a dirt pit the ruins of a wrecked rail car left from the deadly Wenzhou train crash, literally burying a visible reminder of one of the world’s worst high-speed rail accidents. Read more
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China Current Events
- Global stocks fall on China growth woes, Fed concerns - Reuters May 23, 2013RTGlobal stocks fall on China growth woes, Fed concernsReutersNEW YORK (Reuters) - Stock markets worldwide fell sharply on Thursday as surprisingly weak data from China and Europe raised worries about slow growth a day after Federal Reserve chief Ben Bernanke broached the possibility of reducing stimulus that ...Warning signs for China, Fed hints at curbing […]
- The wide world of hacking in China - CNET May 23, 2013New York TimesThe wide world of hacking in ChinaCNETChina has been cited for hacking into U.S. government and corporate networks for years now. And generally, the thought has been that the government is the only entity in the country actively hacking. But a new report seems to indicate that's not even ...Hackers Find China Is Land of OpportunityNew York […]
- China May Factory Output Contracts in Test for Premier - Bloomberg May 23, 2013BloombergChina May Factory Output Contracts in Test for PremierBloombergChina's manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter. The preliminary reading of 49.6 for a Purchasing Managers' Index (EC11FLAS) released today by ...China factory activity shr […]
- Wall St. drops on stimulus plan unease, China data - Reuters May 23, 2013RTT NewsWall St. drops on stimulus plan unease, China dataReutersNEW YORK (Reuters) - Stocks dropped on Thursday, with the S&P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S. Federal Reserve's stimulus may be scaled back sooner than hoped and after weak data in China.Stock futures sink, rattled by Fed, Ch […]
- Markets Rattled Amid Fears of Slowdown in Asia - New York Times May 23, 2013New York TimesMarkets Rattled Amid Fears of Slowdown in AsiaNew York TimesShares came under pressure in Asian trading after news that the manufacturing sector in China, one of the main engines of global growth in recent years, was faltering. That, along with concerns about daring shock therapy Japan is employing to restart ...China Stocks Drop Before Flash P […]
- In China, No Monetary Stimulus, Weakening Economy - Forbes May 23, 2013In China, No Monetary Stimulus, Weakening EconomyForbesChina has done nothing of the sort since 2010. And as a result, the market has shunned China, especially when you look at it from the top down. Stock pickers and niche strategies might be beating their benchmarks, but compared to the United States ... […]
- North Korea says willing to take China's advice to start talks - Reuters May 23, 2013Philly.comNorth Korea says willing to take China's advice to start talksReutersBEIJING (Reuters) - North Korea is willing to take China's advice and enter into talks, Chinese state television cited an envoy of North Korean leader Kim Jong-un as saying, following weeks of tension on the Korean peninsula after the North's latest ...Little progre […]
- China and Fed fallout to weigh on stocks - CNNMoney May 23, 2013China and Fed fallout to weigh on stocksCNNMoneyInvestors were spooked by worse-than-expected Chinese data that showed manufacturing slowed for the first time in seven months, and the latest minutes from the U.S. Federal Reserve's monetary policy meeting. "We fear that this may get very ugly, very ...and more » […]
- Japan stocks plunge on weak China data - CNNMoney May 23, 2013Voice of AmericaJapan stocks plunge on weak China dataCNNMoneyA global rally in stocks came to an abrupt halt Thursday as a 7% plunge on Japan's Nikkei index unnerved investors in Europe and set the tone for a weak opening on Wall Street. European markets fell by 2% and U.S. stock opened lower in the wake of the ...Asian, European Stocks Plunge on Negat […]
- Exclusive :China urbanization plan hits roadblock over spending fears - sources - Reuters May 23, 2013euronewsExclusive :China urbanization plan hits roadblock over spending fears - sourcesReutersBEIJING (Reuters) - China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a ...China may scr […]