Current Events in China: August 29
Posted on | August 28, 2012 | Comments Off
Two Tibetans self-immolate in China: sources
Two Tibetan men have died after setting fire to themselves in China, a U.S. broadcaster and two overseas pressure groups said Tuesday, taking the number of such protests to more than 50 since 2009. Read more
Credit crisis in China’s richest province Zhejiang
Earlier this summer, a team of Chinese policemen arrived at the Wyndham Grand Plaza Royale, a five-star hotel on the north-east shores of Hangzhou’s West Lake. They were there to arrest Yu Zhongjiang, a balding 47-year-old former taxi driver with a small goatee beard, who happened to also be the hotel’s owner. Read more
China invests £235 billion to tackle pollution
China will pump nearly £235 billion into pollution reduction and energy saving schemes before 2015 in a bid to clean up its notoriously toxic environment. Read more
Company Admits Using Ethanol to Make Liquor
State-owned Gujing says blending grain alcohol into low-end baijiu is in line with national standards. Read More
Uncertainty Clouds Development of Shale Gas Sector
China has big plans to develop its shale gas resources, but questions over foreign investment and technology must still be addressed. Read more
China test-fires new ballistic missile
China today announced that it has successfully test-fired a new 14,000 km range inter-continental ballistic missile which can carry multiple warheads, providing it with a “first strike capability” to attack targets deep inside the US and round the world. Read more
The weak spot in China’s economy
The giant production engine that is China excels at making more and more stuff. But it’s not good at slowing down, and when demand falls, that’s a profit killer. Read more
Hong Kong police target Pearl River triads
Operation Thunderbolt leads to 1,200 arrests after police use undercover agents to infiltrate gangs. Read more
BASF says Chinese customers cutting inventories
The world’s largest chemicals maker BASF said its business in China is stagnating because industrial customers continue to run down their inventories amid economic uncertainty. Read more
Ford readies Lincoln launch in China by 2014
Ford Motor Co will launch its Lincoln brand in China within two years as it races to catch up with rivals in the world’s largest auto market and home to a growing number of luxury buyers. Read more
China Increases Rare Earth Export Quotas?
An announcement by China to increase rare earth element export quotas has surprised many commodity experts. China has been holding very tight control over the metals for the past few years. Read more
Japan demands redress after ambassador’s car attacked in Beijing
After a car carrying the Japanese ambassador to China, Uichiro Niwa, was waylaid and attacked on Monday, the Japanese embassy has demanded the assault be treated as a criminal case as anti-Japanese sentiment remains high in the country, reports our sister newspaper, China Times. Read more
Shamborghini: Jiangsu man carts manure in homemade sports car
A man from Jiangsu in eastern China has built his own version of a Lamborghini which he has used to transport manure. The police say the car is illegal, reports the Guangzhou Daily. Read more
Nanjing paper punished for exposing Liu Xiang injury scandal
The management staff of a Nanjing-based newspaper have been punished for revealing that China’s state broadcaster CCTV knew about Olympic hurdler Liu Xiang’s injury heading into his failed heat in London, reports the Hong Kong newspaper Ming Pao. Read more
Chinese Retailers Losing Steam as Slowdown Undermines Wen’s Consumer Push
China’s retailers from clothing to computers are reporting weaker sales growth, undermining Premier Wen Jiabao’s goal of relying more on consumer spending for expansion as the economy cools. Read more
Japan Releases Senkaku Showdown Video
The latest bubbling of tensions between China and Japan over the disputed Senkaku Islands shows no signs of simmering down. Read more and See video
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China Current Events
- Former Bank Executive in China Faces Bribe Accusations - New York Times May 21, 2013Telegraph.co.ukFormer Bank Executive in China Faces Bribe AccusationsNew York TimesHONG KONG — China's top anticorruption agency said on Monday that a former state bank executive faced accusations of pocketing huge bribes, making him the latest senior official to face charges during the new leadership's drive to show that it is ...China Communist P […]
- 3 NYU Scientists Accepted Bribes From China, US Says - New York Times May 21, 2013Newsday3 NYU Scientists Accepted Bribes From China, US SaysNew York TimesThe defendants, all Chinese citizens, included Yudong Zhu, 44, of Scarsdale, N.Y., an associate professor in the school's radiology department who was described by the authorities as “an accomplished researcher and innovator.” He was hired by the ...MRI Researchers Accused of Shari […]
- North Korea Releases Chinese Fishing Crew - New York Times May 21, 2013Wall Street JournalNorth Korea Releases Chinese Fishing CrewNew York TimesHONG KONG — North Korea has released a Chinese fishing boat and its crew, ending a dispute that threatened to exacerbate strains with China, according to Chinese news reports on Tuesday.Pyongyang Frees Chinese Fishermen; North Fires Two MissilesWall Street JournalChina asks for release […]
- China Trade Surplus Seen by BofA at One-Tenth Customs Figure - Bloomberg May 21, 2013China Trade Surplus Seen by BofA at One-Tenth Customs FigureBloombergChina's trade surplus is one-tenth the official $61 billion reported so far this year after accounting for fake transactions used to disguise hot-money inflows, Bank of America Corp. says. The true surplus is about $6 billion, according to Lu Ting ...South Australian wine exports club […]
- India and China Vow to Cooperate on Border - New York Times May 21, 2013Times of IndiaIndia and China Vow to Cooperate on BorderNew York TimesNEW DELHI — The leaders of India and China papered over their recent border spat on Monday with a friendly joint statement and an array of promises for economic and military cooperation, but they resolved none of their most vexing problems.China offers India a 'handshake across the Hi […]
- Obama schedules China summit, Africa trip - USA Today - USA TODAY May 20, 2013BBC NewsObama schedules China summit, Africa trip - USA TodayUSA TODAYPresident Obama is planning major diplomatic initiatives with China and Africa in the coming weeks, the White House announced Monday. Obama and new China President Xi Jinping will hold a summit June 7-8 in Southern California. The president and first ...Obama to meet with China's Xi i […]
- North Koreans holding Chinese boat for ransom - Washington Post May 20, 2013North Koreans holding Chinese boat for ransomWashington PostChinese officials, who value stability above all else, are unlikely to abandon North Korea anytime soon. But state-run newspapers in China have increasingly published stories questioning the upside of China's ties with Pyongyang. And earlier this month ... […]
- Hershey Keen for Piece of China - Wall Street Journal May 20, 2013Wall Street JournalHershey Keen for Piece of ChinaWall Street JournalIn a first launch beyond the U.S. market, Hershey is unveiling on Tuesday a candy known in English as the Lancaster and in Chinese as Yo-man. The Pennsylvania company plans to spend "several million dollars" marketing three kinds of the condensed-milk ...and more » […]
- In China, Weighing Economic and Political Freedoms - New York Times May 20, 2013New York TimesIn China, Weighing Economic and Political FreedomsNew York TimesAs discussed in last week's column, China's leadership is said to be making plans to unveil reforms at the next meeting of all members of the Central Committee of the Communist Party of China, likely to be held in October. Yet any policy changes may ...China's weak e […]
- Underground Lender Gets Death Sentence in China - New York Times May 20, 2013Underground Lender Gets Death Sentence in ChinaNew York TimesBEIJING — A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by entrepreneurs. The woman, Lin Haiyan, was convicted of ...and more » […]