Current Events in China: September 6
Posted on | September 5, 2012 | Comments Off
Ex-police chief charged in China political scandal
A former police chief whose flight to a U.S. consulate set off China’s biggest political scandal in years has been charged with crimes including defection and bribe taking, state media reported Wednesday, indicating the turbulent affair is moving closer to a resolution before a key national leadership transition this fall. Read more
China government funding anti-U.S., anti-NATO radio broadcasts in Afghanistan
A popular radio station in Afghanistan is funded by China’s international propaganda outlet and is broadcasting news with an anti-U.S. and anti-NATO bent, according to U.S. officials. Read more
Samsung accused of exploiting younger workers in China
Workers barred from sitting during shifts and some suffer physical and verbal abuse, alleges China Labor Watch. Read more
Fight not flight: Plane turns back to Zurich as Chinese men brawl
A brawl between two Chinese men that forced a Swiss International Air Lines flight to turn back to Zurich on Sunday was caused by an argument over a reclining seat, reports Global Times, a Chinese tabloid published under the auspices of the state-run People’s Daily. Read more
Top 500 Chinese enterprises suffer declining margins
In 2012, the total business revenue of the 500 largest Chinese enterprises is expected to hit 44.9 trillion yuan (US$7.07 trillion) and total assets 130.2 trillion yuan (US$20.5 trillion), up 23.63% and 20.4%, respectively. Read more
Hong Kong CEO Battles Chinese Invaders Over Affordable Housing: Mortgages
Hong Kong’s new leader is taking up the battle his predecessor failed to win, seeking to overcome record low mortgage rates and an influx of Chinese buyers to make housing in the world’s most expensive city more affordable. Read more
Export Trends Prompt Rethink Of Markets
China’s purchasing managers are pessimistic, the shipping companies that call at its ports are disappointed and the country’s rulers are suggesting a higher tolerance for pain. These are among the reasons economists predict another round of weak export data in coming days from the world’s No. 2 economy. Read more
CNOOC asks for US security review of Nexen acquisition
China’s state-owned oil company CNOOC has formally asked the U.S. government to review its $15.1 billion takeover bid for Canada’s Nexen for any national security concerns, a CNOOC spokesman said on Wednesday. Read more
China’s Lenovo to buy Brazilian electronics company CCE
China’s Lenovo Group Ltd agreed on Wednesday to buy Brazilian electronics maker CCE, as the world’s No. 2 PC maker by sales bets that Brazil’s promising consumer market can help revive its slowing profit growth. Read more
“China is the world’s most populous country and has a rapidly growing economy, which has driven the country’s high overall energy demand and the quest for securing energy resources. [...] China is the world’s second largest oil consumer behind the United States, and the largest global energy consumer.” Quoted from the Energy Information Administration. Read more
US helps Philippines fortify defense in Palawan
Pursuing its pivot to Asia strategy, the United States on Thursday handed over to the Philippines new equipment to improve surveillance and law enforcement operations in the West Philippine Sea (South China Sea) as President Benigno Aquino prepared to meet China’s leader for talks that may include territorial disputes in those waters. Read more
As China Ages, Beijing Turns to Morality Tales to Spur Filial Devotion
China’s updated book of parables, “The 24 Paragons of Filial Piety,” has drawn ridicule for not addressing the complexities of life that keep children from taking care of their parents. Read more
Chinese pharmaceutical plant to relocate after pollution scandal
The Harbin Pharmaceutical Group, a major pharmaceutical company in northeast China’s Heilongjiang province, has decided to relocate one of its plants from downtown Harbin to the city’s outskirts following a pollution scandal that occurred last year. Read more
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China Current Events
- China's Hunger For Pork Will Impact The US Meat Industry - Forbes June 19, 2013China's Hunger For Pork Will Impact The US Meat IndustryForbesSmithfield Foods Inc., the world's largest pork producer by sales volume, has agreed to be acquired by Shuanghui International Holdings, a privately owned meat processing company headquartered in China, for $7.1 billion including debt, valuing the ... […]
- Photo: China has a Kobe Bryant statue - Los Angeles Times June 19, 2013Bleacher ReportPhoto: China has a Kobe Bryant statueLos Angeles TimesKobe has become a favorite in hoops-loving China, holding clinics, appearing in commercials, meeting fans and, during the 2011 NBA lockout, there was even talk of the star joining the Chinese league. A sculpture of former Laker Shaquille O'Neal towers ...There's a big Kobe Bryant […]
- China's Xi tells Vietnam wants peace in South China Sea - Reuters June 19, 2013U.S. News & World ReportChina's Xi tells Vietnam wants peace in South China SeaReutersBEIJING (Reuters) - Chinese President Xi Jinping told his visiting Vietnamese counterpart of Wednesday that maintaining peace and stability in the contested South China Sea was vital for both countries, who should remember their traditional friendship.China, Vietna […]
- China's Chicken-and-Egg Problem: What Comes First, Wealth or Freedom? - TIME June 19, 2013China's Chicken-and-Egg Problem: What Comes First, Wealth or Freedom?TIMEThis article is the third in Foroohar's series on Chinese business developments and their effects on the global economy; read earlier installments here and here. There are many questionable bits of conventional wisdom about China, but one of the most ... […]
- China: North Korea Willing to Resume 6-Party Nuclear Talks - Voice of America June 19, 2013Voice of AmericaChina: North Korea Willing to Resume 6-Party Nuclear TalksVoice of America"I really appreciate the constructive role China has been playing in reducing tension on the Korean Peninsula and facilitating dialogue between the two parts of Korea. It is important that first of all, tension be reduced so that both parties of Korea ...China, Nor […]
- China puts up a green wall to US trash - Christian Science Monitor June 19, 2013Christian Science MonitorChina puts up a green wall to US trashChristian Science MonitorOperation Green Fence, a campaign by Chinese customs to strictly enforce laws governing the import of waste, "could be a game changer," says Doug Kramer, president of Kramer Metals, an international scrap dealer in Los Angeles. "A lot of companies have ...a […]
- Hoping to engage a cynical public, China's Communists launch 1-year ... - Fox News June 19, 2013BBC NewsHoping to engage a cynical public, China's Communists launch 1-year ...Fox NewsChina's leadership wants to show a cynical public that it's modernizing and serious about graft, but it appears to be favoring a top-down ideological campaign — with study sessions, self-criticism and propaganda — over imposing real checks on power.China med […]
- Dalian Wanda of China to Spend $1.6 Billion on Yacht Maker and London Hotel - New York Times (blog) June 19, 2013New York Times (blog)Dalian Wanda of China to Spend $1.6 Billion on Yacht Maker and London HotelNew York Times (blog)“Sunseeker is well-placed to take full advantage of opportunities in China, one of the world's fastest-growing luxury yacht markets,” Mr. Wang said in a news release. “Acquiring Sunseeker deepens Wanda's international influence, furt […]
- China Expands Local Bond Program - Wall Street Journal June 19, 2013China Expands Local Bond ProgramWall Street JournalChina has moved to substantially expand a program that lets local governments sell bonds directly and take a bigger role in managing their own finances, people familiar with the matter said. The central government, which has long held a near monopoly ... […]
- China completes Internet, phone monitoring scheme for Tibet - Reuters June 19, 2013Aljazeera.comChina completes Internet, phone monitoring scheme for TibetReutersBEIJING (Reuters) - China has completed a monitoring scheme in restive Tibet that requires all telephone and internet users to register under their real names, state media said on Wednesday, as part of a campaign to crack down on what officials ...China completes monitoring scheme […]