China Current Events

Chinese News Site Updated Daily

Current Events in China: August 11

Posted on | August 10, 2012 | No Comments

Chinese police ‘admit’ Gu Kailai cover-up: official

Four Chinese police officers on Friday admitted in court to covering up the killing of a British businessman to protect the wife of a senior politician charged with his murder, an official said.  Read more

China export growth slows to 1%

China’s trade and domestic demand have weakened even faster than expected, adding to pressure on Beijing for a more aggressive stimulus to boost the world’s second-largest economy out of its worst slump since the 2008 crisis.  Read more

Chinese student sells kidney for iPad

A surgeon and four other people are on trial in central China over the case of a teenager who is said to have sold a kidney to buy an iPhone and iPad 2, state media has reported.  Read more

Petitioner in China released from labor camp after outrage

A Chinese woman sent to a labor camp for demanding seven men who forced her daughter into prostitution be given harsher punishment was released Friday after an online outcry, state media reported.  Read more

China Drills Into Shale Gas, Targeting Huge Reserves Amid Challenges

Although China is believed to have 50% more natural gas in shale formations than the United States it also has larger technical and infrastructure barriers.  Read more

Traffic accidents crippled Chinese insurers last year

Chinese insurance companies were in the red last year due to road accident-related insurance, as they had to compensate a large number of victims of traffic accidents, data from the industry association showed Friday.  Read more

China’s new lending in July falls sharply, further easing expected

China’s new yuan-denominated lending in July declined sharply to 540.1 billion yuan (about 85.19 billion U.S.dollars), the lowest since September 2011, the People’s Bank of China(PBOC), the central bank, announced Friday.  Read more

China starts construction on 5.8 mln low-income housing units

China started building 5.8 million low-income housing units in the first seven months of this year, the Ministry of Housing and Urban-Rural Development said Friday.  Read more

How did China get to be so good at gymnastics?

The first Westerners inside Beijing’s elite training centre reveal just what makes the country’s athletes unstoppable.  Read more

VanceInfo, HiSoft to merge to create China outsourcing leader

VanceInfo Technologies Inc and smaller rival HiSoft Technology International Ltd agreed to merge to create what they said would be the largest China-based offshore IT services provider by revenue.  Read more

Hong Kong Cuts 2012 Growth Forecast After Expansion Wanes on Export Slump

Hong Kong’s government cut its estimate for the city’s expansion this year after the economy grew at close to the slowest pace since the financial crisis amid waning export demand from advanced nations.  Read more

China Deal to Acquire U.S. Battery Maker is Just the Beginning

As the script now reads, Wanxiang — China’s largest auto parts maker — plays the role of a clever opportunist in the unfolding tragedy of American competitiveness.  Read more

Comments

Leave a Reply

You must be logged in to post a comment.

  • RSS China Current Events

    • With US factory and Boston transit deal, inroad for Chinese rail firm - CNBC September 4, 2015
      CNBCWith US factory and Boston transit deal, inroad for Chinese rail firmCNBCChina's biggest rail manufacturing company is setting its sights on the United States, breaking ground on Thursday for a $60 million plant in Springfield, Mass., that will assemble new cars for Boston's subway system. The company, the China Railway ...and more »
    • China has created a monster it can't control - Sydney Morning Herald September 3, 2015
      Sydney Morning HeraldChina has created a monster it can't controlSydney Morning HeraldWhen in trouble, shoot the messenger. This time-honoured approach to dealing with unwelcome news was much in evidence in China this week when nearly 200 people were rounded up and criminally charged with spreading "false" rumours about the stock ...and more »
    • US to hit China hackers before Xi's Washington visit - CNBC September 3, 2015
      CNBCUS to hit China hackers before Xi's Washington visitCNBCThe Obama administration has for months been preparing a raft of sanctions to respond to mounting commercial espionage from China. Three US officials said the sanctions would probably be unveiled next week, just weeks before Chinese President Xi ...and more »
    • Will China Invade Alaska, Canada? Will Russia? - Observer September 3, 2015
      ObserverWill China Invade Alaska, Canada? Will Russia?ObserverBecause the Chinese have been studying the cycles. From generational theorists William Strauss and Neil Howe, they have learned that political/cultural cycles last only 65 years, and then they collapse, cycles first observed by Taoist monks and Roman ...
    • China's Parade Puts US Navy on Notice - DefenseNews.com September 3, 2015
      China's Parade Puts US Navy on NoticeDefenseNews.comTAIPEI — China showcased its growing capability to deny the US Navy access to the maritime domain of both the East China Sea and South China Sea during a celebratory parade Thursday commemorating the 70th anniversary of its victory over imperialist ...and more »
    • Here's how Uber is fighting its rival in China - Fortune September 3, 2015
      FortuneHere's how Uber is fighting its rival in ChinaFortuneCheng Wei, CEO of rival company Didi Kuaidi, told the Wall Street Journal that Kalanick's message during that meeting was: “They had conquered the whole world and would also conquer China.” Cheng said that although Uber had an advantage by entering ...Inside Uber's Fight With Its Chin
    • China Puts On Huge Parade For World War II Anniversary - Huffington Post September 3, 2015
      Huffington PostChina Puts On Huge Parade For World War II AnniversaryHuffington PostBEIJING, Sept 3 (Reuters) -- President Xi Jinping announced on Thursday he would cut troop levels by 300,000 as China held its biggest display of military might in a parade to commemorate victory over Japan in World War Two, an event shunned by most ...China marks Japan WWII
    • Jack Lew: We're going to hold China accountable - CNBC September 3, 2015
      CNBCJack Lew: We're going to hold China accountableCNBCTreasury Secretary Jack Lew, in an exclusive interview with CNBC, diplomatically but firmly criticized China's handling of its currency devaluation. He also said the recent trading turmoil isn't a major concern at this point, but "I keep my eye on the ...and more »
    • China poses threat to global growth, IMF warns - BBC News September 3, 2015
      BBC NewsChina poses threat to global growth, IMF warnsBBC NewsSlower growth in China and continuing stock market uncertainty pose a threat to global economic growth, the International Monetary Fund has warned. China's slowdown appears to have bigger repercussions for other countries than had been expected, the ...IMF Says China Slowdown, Other Risks Thr
    • Five ways India can benefit from China's slowdown - Quartz September 3, 2015
      CNBCFive ways India can benefit from China's slowdownQuartzWith the recent stock market crash, it is clear that China is in the middle of a crisis—and there is no easy way out. As the second largest economy in the world that primarily relies on global demand to drive its growth, China's slowdown will have ...Market meltdown? Don't just blame C