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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    • Money talks - The Economist (blog) August 27, 2015
      Money talksThe Economist (blog)And the world's investment in China and the world (buying typically labour cost) products from China will also be impacted (perhaps even lower costs and lower interest rates will) be good for the parts of the world buying Chinese goods - buyer' dollar ...and more »
    • China Said to Intervene to Bolster Stocks Before WWII Parade - Bloomberg August 27, 2015
      The GuardianChina Said to Intervene to Bolster Stocks Before WWII ParadeBloombergChina's government resumed its intervention in the stock market on Thursday and has been cutting holdings of U.S. Treasuries this month to support the yuan, according to people familiar with the matter. Authorities want to stabilize equities before a Sept.China can ride out
    • China Falters, and the Global Economy Is Forced to Adapt - New York Times August 27, 2015
      New York TimesChina Falters, and the Global Economy Is Forced to AdaptNew York TimesChina's rapid growth over the last decade reshaped the world economy, creating a powerful driver of corporate strategies, financial markets and geopolitical decisions. China seemed to have a one-way trajectory, momentum that would provide a steady ...China contagion: How
    • The politics behind China's stock market turbulence - BBC News August 27, 2015
      BBC NewsThe politics behind China's stock market turbulenceBBC NewsOne of the most extraordinary things about the world's number two economy is that when it faces a crisis, the leadership carries on in public as if nothing has happened. Decisions which affect the fate not just of 1.4 billion people in China but as we ...Chinese stocks up 5.3%, glob
    • China denies rushing forces to border during Korean tensions - Reuters August 27, 2015
      ReutersChina denies rushing forces to border during Korean tensionsReutersPictures circulated on Chinese websites over the weekend, which were picked up by some overseas Chinese newspapers, appeared to show the People's Liberation Army bringing in additional tanks to Yanbian, a Chinese border city. Chinese Defence ...and more »
    • Tianjin blasts: China accuses 11 officials of negligence over chemical site - CNN August 27, 2015
      FortuneTianjin blasts: China accuses 11 officials of negligence over chemical siteCNNHong Kong (CNN) Chinese prosecutors are accusing 11 officials in the Chinese port of Tianjin of negligence over the deadly blasts that erupted from a chemical warehouse there this month. The huge, fiery explosions killed at.China accuses 11 of negligence over Tianjin warehou
    • China's workers abandon the city as Beijing faces an economic storm - The Guardian August 27, 2015
      The GuardianChina's workers abandon the city as Beijing faces an economic stormThe Guardian“The long-term prediction for China's economy still remains rosy and Beijing has the will and means to avert a financial crisis,” Xinhua, the official news agency, claimed in an editorial. Meanwhile Li told the state TV channel CCTVthat “the overall ...
    • Chinese people want to know “How was China's economy destroyed?” - Quartz August 27, 2015
      Chinese people want to know “How was China's economy destroyed?”QuartzSearch terms related to China's “Black Monday” are being censored on the country's top search engines. But the suggested Chinese-language search terms on search engines in the greater China area remain an interesting—albeit entirely unscientific—way ...
    • China Economic Upheaval Mints Winners and Losers - Wall Street Journal August 27, 2015
      Wall Street JournalChina Economic Upheaval Mints Winners and LosersWall Street JournalChina became the world's largest car market—a critical venue for companies like General Motors Co. and Volkswagen AG. Sales of luxury goods in China jumped 30% to 266 billion yuan ($41.4 billion) in 2011, and by 2012, Chinese shoppers made a quarter ...and more »
    • China's Big Spenders Pull Back, as Stock Market Shudders - New York Times August 27, 2015
      New York TimesChina's Big Spenders Pull Back, as Stock Market ShuddersNew York TimesBoom times for luxury in China are largely over, after the recent stock market rout and currency devaluation, compounded by an already slowing economy and a government crackdown on lavish gift-giving. The effect of those woes on Chinese shoppers ...and more »