China Current Events: September 1
31 people killed as bus plunges into ditch in China At least 31 people were killed when a bus they were travelling in plunged into a ditch in central China on Thursday, the second major road accident in a week. Read more Starbucks loses lawsuit to ban Chinese imitator Starbucks has failed to prevent a [...]
Current Events in China: August 31
Death toll from blast at China coal mine rises to 26: Xinhua The death toll from a gas explosion at a coal mine in southwest China has risen to 26 and rescue workers were trying to pull out another 21 still trapped underground, state media said Thursday. Read more Chinese toddler’s karaoke tantrum ends in [...]
China Current Events: August 30
China industrial profits fall for 4th straight month Profits at China’s industrial companies tumbled in July for a fourth straight month, a sign of enduring economic weakness that adds to pressure on Beijing to drive a sluggish recovery. Read more Air China flight returns to Beijing after threat: report An Air China plane bound for [...]
Current Events in China: August 29
Two Tibetans self-immolate in China: sources Two Tibetan men have died after setting fire to themselves in China, a U.S. broadcaster and two overseas pressure groups said Tuesday, taking the number of such protests to more than 50 since 2009. Read more Credit crisis in China’s richest province Zhejiang Earlier this summer, a team of [...]
Current Events in China: August 28
Revenues of China’s software industry up 25.4 pct The software industry garnered more than 1.3 trillion yuan (205 billion U.S. dollars) in revenues in the first seven months of this year, up 25.4 percent year on year, government data showed Monday. Read more China adds 76 mln mobile phone users in first 7 months China [...]
China Current Events: August 27
Death toll rises to 36 in NW China road accident A 39-seat bus and a methanol-loaded tanker collided and caught fire on an expressway in Yan’an early Sunday morning and 36 people were killed in the accident. Only three people aboard the bus survived the accident, but they all suffered injuries, said the local police. [...]
Current Events in China: August 25
Liu Xiang speaks out amid injury ‘trick’ rumors China’s star hurdler Liu Xiang insisted he felt “healthy” just moments before injury ended his Olympic career, as controversy erupted over an alleged cover-up. Read more China joins smartphone revolution The smartphone industry is preparing for new successes as it has been revealed that Chinese people are [...]
China Current Events: August 24
China carmakers have toughest H1 since crisis Chinese automakers have had their toughest first half since the global financial crisis and the rest of this year looks set to be tougher still as the world’s largest auto market sputters in a slowing economy. Read more More easing seen as China factory survey disappoints China’s manufacturing [...]
Current Events in China: August 23
Chinese firms say tech level on par with Korea About 40 percent of Chinese companies in South Korea believe that Chinese technology has enhanced enough to stand shoulder-to-shoulder with Korean technology, according to a survey released on Tuesday. Read more China study warns rural wealth gap near ‘danger’ level China’s rural inequality is nearing “danger” [...]
Current Events in China: August 22
Anti-Japan protests spread across China Anti-Japan protests have spread across Chinese cities with protesters smashing Japanese branded cars and restaurants. Protesters are expressing their anger against the visit by Japanese activists and lawmakers to the disputed Diaoyu Islands, which is claimed by both countries. Read more Shell plans at least $1 billion a year China [...]
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China Current Events
- Australia to Boost Farm Exports 45% by 2025 to Help Feed China - Bloomberg May 25, 2013Australia to Boost Farm Exports 45% by 2025 to Help Feed ChinaBloombergAustralia will boost the value of agriculture and food-related exports 45 percent by 2025 to meet demand from China, the government said in a plan released today. “The rise of Asia is transforming the world,” Agriculture Minister Joe Ludwig said. “By ...and more » […]
- China Bluntly Tells North Korea to Enter Nuclear Talks - New York Times May 25, 2013CBS NewsChina Bluntly Tells North Korea to Enter Nuclear TalksNew York TimesPublished: May 24, 2013. BEIJING — The Chinese leader, Xi Jinping, bluntly told a North Korean envoy on Friday that his country should return to diplomatic talks intended to rid it of its nuclear weapons, according to a state-run Chinese news agency.Report: China calls on North Korea […]
- China's Consumers Fight Back, Explore Options - Wall Street Journal May 24, 2013Wall Street JournalChina's Consumers Fight Back, Explore OptionsWall Street JournalChinese households are signaling impatience with government controls that cut against their interests. They have started to win important victories, not just finding ways around artificially low fare levels that reduce the number of taxis on Beijing's ...and more » […]
- Asia's Week: China Still on (Economic) Flu Watch - Forbes May 24, 2013Asia's Week: China Still on (Economic) Flu WatchForbesWhile Asia basked another week in generally favorable economic winds–minus that little 7% stock squall in Japan in Thursday, whatever that was about–there remained an undercurrent of worry about China. A contraction in factory work there in May, at ... […]
- China seals first free-trade deal with Switzerland - BBC News May 24, 2013The AtlanticChina seals first free-trade deal with SwitzerlandBBC NewsChina has signed the framework of a free-trade agreement with Switzerland, which could become Beijing's first such deal with a major Western economy. The signing ceremony took place during an official visit by Chinese Premier Li Keqiang to Switzerland.How Well Do China and India Know […]
- US audit regulator reaches deal with China on document access - Reuters May 24, 2013BloombergUS audit regulator reaches deal with China on document accessReutersIt applies only to enforcement cases against auditors, not against China-based companies suspected of accounting fraud. And it does not allow U.S. regulators to do on-the-ground inspections of auditors in China - a key part of efforts to combat fraud.Expending some goodwillThe Econo […]
- China Considers Luxury Tax - Forbes May 24, 2013The AtlanticChina Considers Luxury TaxForbesThe Chinese government might make Prada Prada shoes and Ferraris more expensive, but that's unlikely to stop spendthrifts from buying them. Luxury products have become an important niche in the booming China consumer story. And as part of the ...Urbanization Is Making China Wealthy— But Is It Sustainable?The A […]
- China Sentiment Indicator Flops - Forbes May 24, 2013BloombergChina Sentiment Indicator FlopsForbesChina continues to disappoint. Following HSBC Flash PMI going below 50, and below consensus, on Friday one of the big business surveys on China says sentiment in the C-suite is souring. The MNI China flash business sentiment indicator fell to 57.1 in ...China factory activity contracts in MayCNNMoneyChina factory […]
- The US-China Showdown Over Cyber Attacks Heats Up - Businessweek May 24, 2013New York TimesThe US-China Showdown Over Cyber Attacks Heats UpBusinessweekCyber espionage has become an even more fractious issue following the May 6 release of a Pentagon report to Congress that for the first time officially links the Chinese government to widespread hacking directed at the U.S. “China is using its computer ...Hackers Find China Is Land of […]
- North Korea's Kim signals he's willing to talk in letter to China's Xi - Los Angeles Times May 24, 2013North Korea's Kim signals he's willing to talk in letter to China's XiLos Angeles TimesThe meeting is likely to disappoint the White House. Xi is scheduled to meet with President Obama next month in California, and there had been hopes that China and the United States could jointly come up with a more decisive strategy to rein in North ... […]