China Current Events

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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

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