Current Events in China: August 10
Posted on | August 9, 2012 | No Comments
Bo Xilai’s wife does not contest charge of murdering businessman
The woman at the center of China’s most politically explosive trial in three decades did not contest charges of murder on Thursday, Aug. 9 in a hearing that lasted just seven hours and could determine the fate of former Politburo member Bo Xilai. Read more
China’s July CPI eases to 30-month low
China’s consumer inflation eased to its lowest rate in two and a half years in July, giving the government more leeway to loosen credit to spur the slowing economy. Read more
China’s industrial output growth weakens again in July
The growth of China’s industrial output slowed again in July, highlighting persistent challenges for the world’s second-largest economy in restructuring its industries amid sluggish external demand, according to data released Thursday by the National Bureau of Statistics (NBS). Read more
Bureaucracy fuels China’s safe water problems – report
The kind of top-down bureaucracy that can discourage communication and hobble some Western corporations is fueling widespread problems with China’s water supply, with lessons for the rest of the world, researchers reported on Thursday. Read more
Russia’s Medvedev hints of Chinese threat to Far East
Prime Minister Dmitry Medvedev on Thursday issued a veiled warning about China’s rising influence in Russia’s resource-rich Far East, saying it was essential to defend the area against “excessive expansion by bordering states”. Read more
China to subsidies appliances to lift consumption
Chinese companies will subsidies purchases of kitchen appliances from Friday in a trial aimed at boosting domestic consumption, an industry body said, the latest step to lift China’s economy which is mired in its worst slowdown in three years. Read more
2nd Chinese stealth fighter could be red herring: report
An article titled “China developing a 2nd stealth fighter?” by Michael Cole in the Diplomat, an English-language website based in Japan, has questioned whether Shenyang Aircraft Corporation is really developing the J-21 or “Snowy Owl,” a second fifth-generation stealth fighter following the J-20 being developed by Chengdu Aircraft Industry Group. Read more
Owner of Chinese steel company flees with unpaid debts
Baoqiang Steel’s chairman Chen Zhiqiang, who won recognition in China as an outstanding entrepreneur, is reported to have gone to ground in order to escape his growing debts. Read more
Wealthy Chinese become leading players in US realty market
Wealthy individuals from China are now becoming the biggest buyers of real estate in the United States, reports Duowei News, an outlet run by overseas Chinese. Read more
China Increases Fuel Prices for First Time in Five Months
China, the world’s second-biggest oil consumer, increased gasoline and diesel prices for the first time since March after global crude costs climbed. Read
China’s alcohol imports up 58.1 pct
China’s alcohol imports jumped 58.1 percent from a year earlier to 2.4 billion U.S. dollars last year, according to the country’s commerce ministry. Read more
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China Current Events
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