China Current Events

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Current Events in China: July 28

Chinese man rides rickshaw to London for games It’s a tale of Olympian proportions: A man, a rickshaw, and a slow journey from a Chinese village to London through 16 countries.  Read more China steps up stimulus spending at local level China is stepping up stimulus spending at the local level seeking to counter its […]

China Current Events

China, Malaysia launch first joint industrial park, pledge closer cooperation China and Malaysia on Sunday launched their first joint industrial park in south China’s Guangxi Zhuang autonomous region, pledging to further strengthen cooperation between the two nations.   Shale Gas Targets on China’s Front Burner Commercial production is zero, and no one knows how much […]

China Current Events:

Weibo Comments Suspended in Coup Rumour Aftermath Following rumours of a coup by allies of dethroned Chongqing Party chief Bo Xilai, Xinhua reported on Saturday that authorities have taken action against a number of websites and individuals involved in the rumours’ spread: Beijing’s Taxicab Contention As economic expansion benefits China’s growing middle class, long stagnant […]

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    • 'Cold War mentality': Beijing slams new US military strategy over South China Sea - RT July 3, 2015
      RT'Cold War mentality': Beijing slams new US military strategy over South China SeaRTBeijing has been expressed outrage over the recently updated US National Military Strategy, which called Chinese claims in the South China Sea worrisome and “inconsistent with international law.” China's Foreign Ministry spokeswoman, Hua Chunying, ...China ang
    • Quake in rural China kills three, damages thousands of homes - Reuters July 3, 2015
      The Weather ChannelQuake in rural China kills three, damages thousands of homesReuters"If many people are gathered in one place during an earthquake, it can lead to a serious disaster, but in this case, there were relatively few people so it isn't so serious," China Earthquake Networks Centre researcher Sun Shihong told state ...Earthquake Roc
    • China hunts for 'manipulators' as stocks tumble - Reuters July 3, 2015
      ReutersChina hunts for 'manipulators' as stocks tumbleReutersSHANGHAI Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown ...China Accelerates Efforts to St
    • Vietnam Party Chief Balances Ties Between US, China - Wall Street Journal July 3, 2015
      Wall Street JournalVietnam Party Chief Balances Ties Between US, ChinaWall Street JournalBut with Beijing growing more aggressive in its territorial claims to the South China Sea, close observers are concluding that Mr. Trong has little choice but to throw the full weight of Vietnam's Communist Party behind a stronger alliance with the U.S ...and more »
    • China's low rates sound death knell for copper carry trade - Financial Times July 3, 2015
      Financial TimesChina's low rates sound death knell for copper carry tradeFinancial TimesFor years, while interest rates in China were much higher than international levels, a popular trade comprised of borrowing money at the dollar interest rate using a letter of credit from a domestic bank to import commodities. These stocks of raw ...Cornering the mar
    • As China stocks sink, some accuse Morgan Stanley, other foreign forces - MarketWatch July 3, 2015
      MarketWatchAs China stocks sink, some accuse Morgan Stanley, other foreign forcesMarketWatchHONG KONG (MarketWatch) — The recent, drastic stock-market meltdown in China seems to have freaked out the country's government and central bank, as their repeated efforts to stabilize the markets have failed, at least so far. And now, some segments ...China fail
    • Xi Jinping has run into the one thing in China he can't control - Quartz July 3, 2015
      Xi Jinping has run into the one thing in China he can't controlQuartzChinese president Xi Jinping's signature governing style has been to consolidate power and then wield it aggressively and independently. He's destroyed political opposition within his own party by locking up Bo Xilai and Zhou Yongkang, once rumored to ...
    • Why the Communist Party's new security law is bad news for China - CNN July 3, 2015
      CNNWhy the Communist Party's new security law is bad news for ChinaCNNWhereas Chinese legislation usually tries to give the appearance of leaving control with the formal state institutions -- with the Party's role limited to providing "leadership" -- the new National Security Law is explicit in its ambition to protect ...China passes new
    • China's Boom Has World Bank Worried - Bloomberg View July 2, 2015
      Bloomberg ViewChina's Boom Has World Bank WorriedBloomberg ViewBy urging Beijing to clamp down on wasteful investment, unsustainable debt, and a shadow banking industry run amok, it was delivering a clear enough warning that President Xi should stop fanning China's giant asset bubble. The World Bank was also ...World Bank redacts report critical of
    • China criticized over Ramadan restrictions - CNN July 2, 2015
      CNNChina criticized over Ramadan restrictionsCNNThe fast -- traditionally observed from dawn until dusk -- is a central tenet of Islam, the religion practiced by many of the ethnic Uyghurs native to China's western province of Xinjiang. The Turkish Foreign Ministry published a statement this week ...China upset with Turkey's concern on Ramadan rest