China Current Events

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China Current Events: August 15

Posted on | August 14, 2012 | No Comments

China police kill gunman after massive manhunt

Chinese police on Tuesday killed a fugitive armed robber and suspected serial killer dubbed China’s most dangerous man, ending a huge manhunt, state media said.  Read more

25,000 Chinese vehicles made with asbestos set to be recalled in Australia

Almost 25,000 budget-range Chinese vehicles are expected to be recalled in Australia after their components were found to contain asbestos.  Read more

Tibetan man ‘beaten to death during police clash’

A Tibetan man was reportedly beaten to death during a clash with police in west China after two Tibetans set themselves on fire, in the worst flaring of violence in the region in months.  Read more

China claims sovereignty over 80 per cent of disputed sea

China does not want to control all of the South China Sea, says Wu Shicun, the president of a government-sponsored research institute here devoted to that strategic waterway, whose seabed is believed to be rich in oil and natural gas. It wants only 80 per cent.  Read more

China signs agreements with N. Korea on economic zones

China said Tuesday it signed agreements with North Korea pushing forward their joint development of economic zones, as the new leader in Pyongyang seeks to improve his country’s impoverished economy.  Read more

How Dangerous Liaisons Led to Massive Corruption

An inquiry into former railways minister Liu Zhijun has yielded a document that exposes the evolution of a complicated web of graft.  Read more

China Longest Bear Market Luring Record Foreign Bids as Locals Pull Funds

International money managers are lining up to buy stocks in mainland China at a record pace, even as a third year of equity losses spurs local investors to empty trading accounts like never before.  Read more

China’s Young Rich: Not Top Students

For Chinese parents who wrack their brains thinking of ways to send their kids to top universities, a recently released wealth list may make them think twice.  Read more

Analysts: Expect Yuan Depreciation by Year-End

Economists and strategists have trimmed their forecasts of the yuan’s value after a slew of disappointing Chinese economic data triggering speculation that Beijing may further weaken its currency to encourage exports.  Read more

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