China Current Events

Chinese News Site Updated Daily

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 Energy Report

“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

Comments

Comments are closed.

  • RSS China Current Events

    • China Open 2015: Daily Leaderboard Analysis, Highlights and More - Bleacher Report April 24, 2015
      Bleacher ReportChina Open 2015: Daily Leaderboard Analysis, Highlights and MoreBleacher ReportAlexander Levy returned to the China Open looking to defend the crown he won here 12 months ago. But the Frenchman has to master some unfamiliar surroundings if he's to make it back-to-back triumphs, with the event moved from Genzon to the Tomson ...Three tied
    • Why US Investors May Owe China Taxes - Wall Street Journal April 24, 2015
      Wall Street JournalWhy US Investors May Owe China TaxesWall Street JournalWill U.S. investors in funds holding Chinese stocks owe a 10% tax to China on their capital gains—without an offset for losing trades? There isn't one answer to this key tax question for investors who want to tap into China's growth. Recent ...and more »
    • China Has Reason to Be Worried About North Korea's Nukes - TIME April 24, 2015
      TIMEChina Has Reason to Be Worried About North Korea's NukesTIMEReporting published Thursday by the Wall Street Journal suggests that China may be worried—or more worried than normal—about North Korea's nuclear weapons program. Citing “people briefed on the matter,” the paper reported that Chinese experts ...China's Nuclear WarningWall Street
    • China says employment resilient despite slower economic growth - Reuters April 24, 2015
      ReutersChina says employment resilient despite slower economic growthReutersBEIJING (Reuters) - China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be "blindly optimistic" as the pace of job creation is ...China says unemploymen
    • China Manufacturing Gauge Falls to One-Year Low - Wall Street Journal April 24, 2015
      Wall Street JournalChina Manufacturing Gauge Falls to One-Year LowWall Street JournalAn initial gauge of China's factory activity showed further weakness in April, slumping to a one-year low and defying government efforts to support the economy. The weak reading in the HSBC China Manufacturing Purchasing Managers' Index suggested that ...China Apri
    • What a send-off: China's funeral strippers told to cover up - CNN International April 24, 2015
      CNN InternationalWhat a send-off: China's funeral strippers told to cover upCNN InternationalIn rural China, hiring exotic dancers to perform at wakes is an increasingly common practice, but is now the latest focus of the country's crackdown on vice. Strippers are invited to perform at funerals, often at great expense, to attract more mourners ...C
    • Debt Builds in China Stock Rally - Wall Street Journal April 24, 2015
      Wall Street JournalDebt Builds in China Stock RallyWall Street JournalConcern is growing over a surge in bets by mom-and-pop investors using cash borrowed from brokers to pile into, and fuel, China's booming stock market. Margin lending has more than tripled in the past year to a record 1.7 trillion yuan ($274.6 billion ...China's Stocks Drop From
    • Mercedes-Benz to Pay Fine in China to Settle Price-Fixing Claims - New York Times April 23, 2015
      New York TimesMercedes-Benz to Pay Fine in China to Settle Price-Fixing ClaimsNew York TimesHONG KONG — Chinese antitrust regulators on Thursday fined Mercedes-Benz 350 million renminbi, accusing the company of fixing prices on luxury cars and some spare parts. The penalty is just the latest for a foreign carmaker in China, the world's ...China Fines Me
    • The China Syndrome: Is China Headed For A Financial Meltdown? - Forbes April 23, 2015
      ForbesThe China Syndrome: Is China Headed For A Financial Meltdown?ForbesIn the 1979 movie The China Syndrome, Jack Lemmon plays Jack Godell, a supervisor at a nuclear power plant. The facility experienced “unusual vibrations” and Jack was concerned about a potential meltdown. Today, many believe that China – a country ...and more »
    • Can Indian elephant take on Chinese dragon? 'Not in the next 20 years' - CNN April 23, 2015
      CNNCan Indian elephant take on Chinese dragon? 'Not in the next 20 years'CNNWhile Modi's India is out to put its economy on the fast track, China's economy is slowing after over 25 years of breakneck growth. President Xi is managing the slowdown with efforts to boost domestic spending, while cracking down hard on corruption.PM Narendra Mo