China Current Events

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China Current Events: August 24

Posted on | August 23, 2012 | No Comments

China carmakers have toughest H1 since crisis

Chinese automakers have had their toughest first half since the global financial crisis and the rest of this year looks set to be tougher still as the world’s largest auto market sputters in a slowing economy.  Read more

More easing seen as China factory survey disappoints

China’s manufacturing sector contracted at its sharpest pace in nine months in August, according to a survey showing falling export orders and rising inventories, a signal that more policy stimulus may be needed to engineer a second half pick-up in growth.  Read more

U.S. trade gap with China cost 2.7 million jobs: study

The huge U.S. trade deficit with China, fueled by Beijing’s actions to depress the value of its currency, displaced or eliminated more than 2.7 million American jobs between 2001 and 2011, the labor-friendly Economic Policy Institute said on Thursday in its latest look at the issue.  Read more

Why Can’t China’s Graduates Find Jobs?

Entry-level salaries for the majority of China’s college graduates are lower than those of migrant workers in factories.  Read more

Big spurt in AIDS in Chinese above 50 years age

There is a big spurt of HIV and AIDS cases among people aged 50 and above in China in recent years, a trend, Chinese health officials say is unique requiring “targeted intervention”.  Read more

Chinese investors snap up Burgundy vineyard as thirst for French wine grows

The chateau producing Napoleon’s favourite red wine, one of Burgundy’s most prized vineyards, has been sold to a Chinese gambling tycoon, sparking dire warnings from local growers of a “foreign invasion” of mainly Asian investors.  Read more

How a Series of Glitches Has Slowed Gome

Appliance retailer has issued a warning about a first half net loss, and it could be a sign of things to come.  Read more

Portrait of Notorious Killer Emerges

Zhou Kehua was a former mercenary and master of disguise before he met his bloody demise.  Read more

Vietnam prepares its people for war with China

A new National Defense Education Act has been approved by the standing committee of Vietnam’s National Assembly on Aug. 20 to provide basic military training to every civilian under 50 years old, according to Duowei News, an outlet run by overseas Chinese.  Read more

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