China Current Events

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Current Events in China: June 21

China denies military drill with Russia, Syria, Iran China on Wednesday said there was no truth to an Iranian media report about a joint military drill involving China, Russia, Syria and Iran.  Read more Russia jails two men for giving China nuke secrets Russia has jailed two university professors for passing top secret information on […]

China Current Events: May 31

Apple’s efforts fail to end gruelling conditions at Foxconn factories Abuses continue at electronics assembly firm with staff working up to 80 hours’ overtime a month, says Hong Kong rights group.  Read more Chinese foreign investment boom to continue: official Chinese companies’ overseas investment will continue booming and is expected to total 500 billion U.S. […]

China Current Events: May 28

Hooded, then interrogated for 81 days Chinese artist Ai Weiwei breaks his silence on his detention, isolation and the endless interrogation, writes Edward Wong in Beijing.  Read more China detains official over numerous rapes after Internet uproar Police in central China detained a former Communist Party official on suspicion or raping underage girls, state media […]

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    • US Navy alarmed at Beijing's 'Great Wall of Sand' in South China Sea - Washington Post April 1, 2015
      Fox NewsUS Navy alarmed at Beijing's 'Great Wall of Sand' in South China SeaWashington PostBEIJING — China is building “a Great Wall of Sand” through an unparalleled program of land reclamation in the South China Sea, raising concerns about the possibility of military confrontation in the disputed waters, according to the commander of the U ..
    • Petrobras Signs $3.5 Billion Accord With China Development Bank - Bloomberg April 1, 2015
      Bidness ETCPetrobras Signs $3.5 Billion Accord With China Development BankBloombergPetrobras, as Brazil's state-run producer is known, signed a finance contract with the China Development Bank for $3.5 billion, the first part of an accord to be implemented this year and in 2016, according to a regulatory filing Wednesday. That ...Brazil's Petrobras
    • Chinese flock to USA to give birth to US citizens - USA TODAY April 1, 2015
      USA TODAYChinese flock to USA to give birth to US citizensUSA TODAYAt least 500 companies offered "birth tourism" services in China last year, the Shanghai newspaper National Business Daily reported. While there are no official statistics, the number of Chinese citizens heading to the USA to give birth likely is in ...and more »
    • China Tries to Clean Up E-Commerce - Wall Street Journal April 1, 2015
      Wall Street JournalChina Tries to Clean Up E-CommerceWall Street JournalBEIJING—China is tightening control over the largely unregulated world of Chinese e-commerce, a booming sector that has built up behemoths such as Alibaba Group Holding Ltd. but also contributed to the proliferation of fake and substandard goods and ...and more »
    • What Yemen's crisis reveals about China's growing global power - Washington Post (blog) April 1, 2015
      New York Times (blog)What Yemen's crisis reveals about China's growing global powerWashington Post (blog)On Tuesday, Xinhua news agency reported that more than 500 Chinese nationals who were evacuated from Yemen had arrived safely in the city of Djibouti. The evacuees had been picked up by a Chinese fleet Sunday and Monday, fleeing an increasingly 
    • Chinese Taxi-Hailing App's Valuation Soars to $8.75 Billion - Wall Street Journal April 1, 2015
      Wall Street JournalChinese Taxi-Hailing App's Valuation Soars to $8.75 BillionWall Street JournalHONG KONG—U.S. hedge funds are jumping on board China's dominant taxi-hailing app business, putting an $8.75 billion valuation on the Chinese startup. Coatue Management LLC is leading a consortium of investors buying about $600 million of shares ...and
    • Weak demand hits China factory, services firms in March, more easing seen - Reuters April 1, 2015
      ReutersWeak demand hits China factory, services firms in March, more easing seenReutersThree separate surveys showed Chinese companies shed jobs last month as they struggled with soft demand and deflationary pressures, suggesting that economic growth may have slipped below 7 percent in the first quarter of 2015, which would be the ...Better looking PMIs beli
    • Jack Lew: China's currency is not ready for prime time - CNNMoney April 1, 2015
      CNNMoneyJack Lew: China's currency is not ready for prime timeCNNMoneyU.S. Treasury Secretary Jack Lew said Tuesday that China's yuan is not yet ready to join an elite grouping of currencies used by the International Monetary Fund. China has expressed interest in having the yuan included in the IMF's Special Drawing ...U.S. allies rush to join
    • China banking checkmate? - Aljazeera.com March 31, 2015
      Aljazeera.comChina banking checkmate?Aljazeera.comThe list is growing ever longer of countries eager to sign up to a new China-led investment bank. Beijing set Tuesday as the deadline for those wishing to become a founding member of what's called the Asian Infrastructure Investment Bank. The UK, India ...Japan, Sticking With US, Says It Won't Join
    • China's stock market sure looks like a bubble - Washington Post (blog) March 31, 2015
      China's stock market sure looks like a bubbleWashington Post (blog)China's housing bubble is starting to pop, so, right on cue, its stock bubble is starting to re-inflate. Now they're nowhere near their 2007 highs—in fact, they're barely halfway there—but Chinese stocks are still looking plenty frothy right now ...