China Current Events

Chinese News Site Updated Daily

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

Comments

Leave a Reply

You must be logged in to post a comment.

  • RSS China Current Events

    • China Stocks Rally as Volatility Jumps to Highest in Seven Years - Bloomberg June 30, 2015
      BloombergChina Stocks Rally as Volatility Jumps to Highest in Seven YearsBloombergChinese stocks rallied, with the benchmark index posting an intraday swing of nine percent, as a gauge of volatility jumped to the highest in seven years. The Shanghai Composite Index gained for the first time in four days, rising 3.4 percent to 4,189 ...China's wild stock
    • China stock slide adds to Greek jitters; yen, bonds in favour - Reuters June 30, 2015
      ReutersChina stock slide adds to Greek jitters; yen, bonds in favourReutersVolatility in China's stock market in recent days has rippled through Asia, weighing on stock markets from Mumbai to Australia, and prompting investors to rush to the sidelines. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS ...Asia Markets Slide on
    • Sinosphere | China Fears Loss of Great Wall, Brick by Brick - New York Times (blog) June 30, 2015
      New York Times (blog)Sinosphere | China Fears Loss of Great Wall, Brick by BrickNew York Times (blog)The Great Wall in northern China cannot be seen with the naked eye from high orbit above the Earth or from the moon, as some people believe. For centuries, those who have wanted to see the wall have had to make a trip to Asia to lay eyes on one of the ...Almo
    • Has China's Stock Bubble Popped? - Forbes June 30, 2015
      ForbesHas China's Stock Bubble Popped?ForbesChina's red-hot stock market fell approximately 25 percent in the past couple weeks due to increasing regulatory scrutiny and growing bubble fears. The 145 percent rally began last summer after the government further opened the nation's equity market ...Stocktake: Bulls take fright in ChinaIrish Time
    • A Scientific Ethical Divide Between China and West - New York Times June 29, 2015
      New York TimesA Scientific Ethical Divide Between China and WestNew York TimesBEIJING — China is spending hundreds of billions of dollars annually in an effort to become a leader in biomedical research, building scores of laboratories and training thousands of scientists. But the rush to the front ranks of science may come at a ...
    • China's Magic Tricks Can't Save Its Stock Market - Bloomberg View June 29, 2015
      Bloomberg ViewChina's Magic Tricks Can't Save Its Stock MarketBloomberg ViewThe truth is that the plunge in Chinese stocks was long overdue. China's longest-ever bull market was government-driven, fueled by central bank liquidity and a public-relations bonanza. The question now is whether Beijing's policy apparatus has lost ...China'
    • Asian Infrastructure Investment Bank: Australia sixth-biggest shareholder in ... - ABC Online June 29, 2015
      ABC OnlineAsian Infrastructure Investment Bank: Australia sixth-biggest shareholder in ...ABC OnlineAustralia has become a major shareholder in the first China-led multilateral institution, the Asian Infrastructure Investment Bank (AIIB). Representatives from 50 countries, including Treasurer Joe Hockey, took part in a signing ceremony of the ...57 countries
    • This is China's biggest problem, expert says - CNBC June 29, 2015
      CNBCThis is China's biggest problem, expert saysCNBCChina's growth story is "basically over," and the country's recent stock battering reflects "horrible" fundamentals, one economist said Monday. The biggest roadblock for the world's second-largest economy is dependency on exports to the United States ...and more »
    • ZTE's Nubia Z9 shows China can bring great smartphones to the US - The Verge June 29, 2015
      The VergeZTE's Nubia Z9 shows China can bring great smartphones to the USThe VergeHere in the US, it's been hard to get excited about smartphones from China. Huawei is one of the largest smartphone makers in the world and has plenty of interesting phones in its lineup, but it only sells mediocre low-end devices to American consumers.China's be
    • 'Ghost Fleet' Depicts War Between China, U.S. - U.S. News & World Report June 29, 2015
      U.S. News & World Report'Ghost Fleet' Depicts War Between China, U.S.U.S. News & World ReportAuthors Peter W. Singer and August Cole expand their research as defense analysts into the realm of imagination about a not-too-distant future that could find the U.S. at war with a great power like China. Singer is a strategist at the New America .