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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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