Current Events in China: August 31
Posted on | August 31, 2012 | Comments Off
Death toll from blast at China coal mine rises to 26: Xinhua
The death toll from a gas explosion at a coal mine in southwest China has risen to 26 and rescue workers were trying to pull out another 21 still trapped underground, state media said Thursday. Read more
Chinese toddler’s karaoke tantrum ends in bloodbath
A Chinese toddler’s refusal to give up the microphone during a family karaoke evening started a quarrel that left two men hacked to death with a meat cleaver. Read more
Canada opposition attacks government over CNOOC Nexen bid
Canada’s main opposition party criticized how the government is handling a $15.1 billion bid by China’s CNOOC Ltd for Canadian oil producer Nexen Inc on Thursday, underlining how politically sensitive the matter has become. Read more
How much ‘exchange’ happens on China’s youth abroad programs?
Sending their children to study and travel abroad in the hopes of improving their language skills and broaden their horizons has became quite the fad for wealthy Chinese families. But many questions have been raised about the effectiveness of such short-term learning programs and excessively high costs. Read more
Hong Kong to Speed Up Home Sales, Limit Foreigner Purchases as Prices Soar
Hong Kong will boost the supply of homes and give preference to local buyers as it seeks to cool housing prices that have surged to the world’s most expensive, fueled by record-low interest rates and Chinese investment. Read more
Defending the East China Sea From China
The U.S. military is pivoting to East Asia as territorial flare-ups spread across the region. The WSJ’s Deborah Kan speaks with defense expert Dr. John Lee about the increasing U.S. presence and its affect on China and its neighbors. Read more
Hong Kong Discovers 140 Million Year-Old Super volcano
Some 140 million years after it erupted and then toppled into the sea, an ancient supervolcano in Hong Kong is making headlines. Read more
Foreign investors look inland for new opportunities
The last time foreign companies cut their investment in China, the world was reeling from the financial crisis. Read more
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China Current Events
- Top NKorea Envoy in China for Talks - Voice of America June 18, 2013RTTop NKorea Envoy in China for TalksVoice of AmericaNorth Korea's top nuclear negotiator is in Beijing for talks with Chinese officials, the latest in a series of diplomatic moves involving Pyongyang following months of tensions. First Vice Foreign Minister Kim Kye Gwan is expected to hold talks with ...North Korea to Send Senior Envoy to ChinaNew York […]
- Why They Build Mega Yachts in Central China — an Economic Mystery Story - TIME June 18, 2013Why They Build Mega Yachts in Central China — an Economic Mystery StoryTIMEThis article is the second in Foroohar's series on Chinese business developments and their effects on the global economy; read the first installment here. It's tough to feel sorry for billionaires. But even they have taken a hit over the past five ...and more » […]
- Western Sees Half-Point Yield Jump Easing Drought: China Credit - Bloomberg June 18, 2013Jersey Evening PostWestern Sees Half-Point Yield Jump Easing Drought: China CreditBloombergChinese high-grade companies may have to pay half a percentage point higher than current yield premiums to revive dollar-denominated bond sales amid the longest pause since February, Western Asset Management Co. said. The two-week hiatus comes ...Hong Kong shares may s […]
- Ambow setback teaches Baring a lesson in China investing - Reuters June 18, 2013Ambow setback teaches Baring a lesson in China investingReutersJune 18 (Reuters) - Baring Asia Private Equity, with $5 billion in assets under management, has a reputation as one of the savviest investors in China. But the Hong Kong-based firm is now sitting on an $43 million paper loss from a $57 million ...and more » […]
- China May home prices rise at fastest pace this year - Reuters June 18, 2013Business Times (subscription)China May home prices rise at fastest pace this yearReutersBEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the ...China Home-Price […]
- Most China Stocks Drop as FDI, Money Rates Boost Economy Concern - Bloomberg June 18, 2013Wall Street Journal (blog)Most China Stocks Drop as FDI, Money Rates Boost Economy ConcernBloombergMost Chinese stocks fell as money-market rates jumped and foreign investment data boosted concern that growth is slowing in the world's second-biggest economy. PetroChina Co. and Jiangxi Copper Co. led declines for energy and material producers after ...Ch […]
- China supercomputer world's fastest: report - Fox News June 18, 2013Christian Science MonitorChina supercomputer world's fastest: reportFox NewsTianhe-2, a supercomputer developed by China's National University of Defense Technology, achieved processing speeds of 33.86 petaflops (1000 trillion calculations) per second on a benchmarking test, earning it the number one spot in the Top 500 survey ...China supercompute […]
- NSA leaker Edward Snowden: I'm not a spy for China - NBCNews.com (blog) June 17, 2013NBCNews.com (blog)NSA leaker Edward Snowden: I'm not a spy for ChinaNBCNews.com (blog)"If I were a Chinese spy, why wouldn't I have flown directly into Beijing? I could be living in a palace petting a phoenix by now," a writer who identified himself as Snowden said in an online question-and-answer session hosted by The Guardian newspaper. […]
- In China, a Push for Cleaner Air - New York Times (blog) June 17, 2013New York Times (blog)In China, a Push for Cleaner AirNew York Times (blog)It is the most aggressive policy effort to address air quality issues in China's history. Within these 10 broad measures, there are nearly 20 more specific actions. We believe these measures represent the beginning, rather than the full package, of ...China has a new aggressive ac […]
- Vale Sees China Slowdown Blunted by Brazil Real Depreciation - Bloomberg June 17, 2013Vale Sees China Slowdown Blunted by Brazil Real DepreciationBloombergVale SA (VALE5), Brazil's largest exporter, said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto Group and BHP Billiton Ltd. (BHP). The real, the ...and more » […]