China Current Events

Chinese News Site Updated Daily

China Current Events: July 19

US man tortured in Chinese custody: lawyer Police in southern China have tortured a Chinese-American businessman who is in custody suspected of leading an organised crime gang, his lawyer said on Wednesday.  Read more Average Chinese person’s carbon footprint now equals European’s The per capita emissions of the world’s largest national emitter is almost on […]

Current Events in China: July 12

Over 220,000 people evacuated as flood hits SW China county again More than 220,000 people in southwest China’s Sichuan Province have been evacuated from low-lying areas following a flood that struck the disaster-prone region on Wednesday, local authorities said.  Read more China Slowdown Seen Forcing Wen’s Hand on Property Curbs China’s weakest growth in three […]

China Current Events: July 6

China surprises with second rate cut in weeks China’s central bank cut interest rates for the second time in a matter of weeks on Thursday, stepping up efforts to bolster an economy that last quarter probably suffered its weakest growth since the global financial crisis.  Read more Two child-trafficking gangs eliminated in China Chinese police […]

Current Events in China: July 3

Sichuan Protest Turns Violent Police in southwestern Sichuan province deployed tear gas against residents protesting a planned molybdenum copper plant in the latest case of environmental activism facing at times violent resistance from authorities.  Read more China confirms H5N1 bird flu outbreak in Xinjiang China’s northwestern Xinjiang Uygur autonomous region has reported an outbreak of […]

Current Events in China: June 28

Riot in Guangdong village after son of migrant worker beaten A riot took place in a village under the jurisdcition of Zhongshan in China’s southern province of Guangdong after local officials beat a 13-year-old boy from Sichuan, Hong Kong’s Ming Pao reported on Jun. 27.  Read more Uproar over ‘soft’ penalties after China abortion scandal […]

China Current Events: June 23

China manufacturing hits 7-month low: HSBC Chinese manufacturing activity hit a seven-month low in June, data from HSBC showed Thursday, putting pressure on Beijing to do more to boost the world’s second-largest economy.  Read more China behind N. Korea embargo breaches: UN A U.N. panel has found Chinese involvement in more than half of the […]

China Current Events: June 19

Chinese spacecraft docks with module A Chinese spacecraft carrying three astronauts docked with an orbiting module Monday, another first for the country as it strives to match American and Russian exploits in space.  Read more Chinese bank ‘owner’ highlights audacious mainland fraud In a China awash with fake iPhones, pirated DVDs and knockoff Louis Vuitton […]

China Current Events: May 19

Home prices decrease in over half of large Chinese cities Prices for new homes in China fell in more than 60 percent of major cities in April from March, the government said Friday, as moves to curb the property market took effect.  Read more China’s most-wanted man jailed for life over £3 billion fraud China’s […]

China Current Events: May 16

China to increase residential land supplies this year China will increase residential land supplies by more than 20 percent this year in order to further restrain property prices, according to a plan released by land resource authorities Tuesday.  Read more US launches air pollution data in Shanghai The United States consulate in Shanghai has begun […]

Current Events in China: April 6

Drought plagues 13 Chinese provinces China’s ongoing severe drought has hit 13 Chinese provinces, having an adverse impact on agricultural production, the country’s drought relief authorities said Thursday.  As of Thursday, the dry spell has left 7.82 million people and 4.58 million head of livestock without adequate drinking water in provinces including Yunnan, Sichuan, Hebei, […]

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    • Caixin China PMI in surprise drop to 2-year low - CNBC August 3, 2015
      CNBCCaixin China PMI in surprise drop to 2-year lowCNBCA key China economic indicator took a sharp turn for the worse, with the final reading for the Caixin China purchasing managers' index (PMI) for July surprising with a drop to a two-year low. "The downturn in China's manufacturing sector intensified at ...Asia Stocks Decline as China Manuf
    • Asian Stocks Fall on China Growth Concerns as Oil Extends Drop - Bloomberg August 3, 2015
      ReutersAsian Stocks Fall on China Growth Concerns as Oil Extends DropBloombergAsian stocks fell for the first time in four days amid signs of a deepening slowdown in China's economy. Crude declined with copper, while the won strengthened. The MSCI Asia Pacific Index lost 0.7 percent at 12:10 p.m. in Tokyo. The Shanghai Composite ...Asian stocks near 201
    • With Growth Target at Risk, China Prepares for New Spending - Bloomberg August 3, 2015
      BloombergWith Growth Target at Risk, China Prepares for New SpendingBloombergChina's leadership is preparing fresh fiscal spending to ensure that signs of economic weakening don't put their 2015 growth target out of reach, a danger that was underscored by a deterioration in manufacturing in July. Ahead of the top leadership's ...Quantitative e
    • China stocks trader counts his losses: 'Never trust the government' - BBC News August 3, 2015
      BBC NewsChina stocks trader counts his losses: 'Never trust the government'BBC NewsPlato got his nickname when he was a student in Manchester. But he's not feeling like the philosopher king now. His finance degree helped him get a management job at a Beijing hospital. But it didn't warn him off the rollercoaster Chinese stock market.The R
    • Chinese textile mills are now hiring in places where cotton was king - CNBC August 3, 2015
      CNBCChinese textile mills are now hiring in places where cotton was kingCNBCTwenty-five years ago, Ni Meijuan earned $19 a month working the spinning machines at a vast textile factory in the Chinese city of Hangzhou. Now at the Keer's cotton mill in South Carolina, which opened in April, Ms. Ni is training American workers to ...and more »
    • 'China's Airbnb' Raises $300 Million in Funding Round - Wall Street Journal August 2, 2015
      Wall Street Journal'China's Airbnb' Raises $300 Million in Funding RoundWall Street JournalTujia's website and app feature more than 310,000 properties, covering 255 travel destinations across China. The company also offers vacation homes in 133 overseas locations, including Bali, Phuket and Tokyo, for Chinese outbound tourists
    • Meet China's Stock Rescue Chief: He Never Saw the Crisis Coming - Bloomberg August 2, 2015
      BloombergMeet China's Stock Rescue Chief: He Never Saw the Crisis ComingBloombergAfter China's stocks crashed in June, the government put more than $400 billion at the disposal of a little-known state agency, the China Securities Finance Corp., headed by an academic and bureaucrat named Nie Qingping. It was told to save the market.and more »
    • Uniqlo Aims for Bigger Gains in China - Wall Street Journal August 2, 2015
      Wall Street JournalUniqlo Aims for Bigger Gains in ChinaWall Street JournalTOKYO—Many business leaders worry about the clouds gathering over China. Not Tadashi Yanai of Japanese apparel chain Uniqlo, which is counting on the country for growth. While sales of luxury goods are slumping in China, hurt by a crackdown on ...and more »
    • China Car Sales Drop Flashes Yellow Light for Its Economy - Bloomberg August 2, 2015
      China Car Sales Drop Flashes Yellow Light for Its EconomyBloombergWhen China's economy was booming, motorists became a symbol of the nation's new spending power. Now, falling car sales may be more a symbol of China's steady deceleration. Voracious demand saw China overtake the U.S. as the world's biggest car ...and more »
    • Citadel Says One of Its China Accounts Was Suspended - Wall Street Journal August 2, 2015
      Wall Street JournalCitadel Says One of Its China Accounts Was SuspendedWall Street JournalBEIJING—U.S.-based hedge fund firm Citadel LLC said trading in one of the accounts it manages in China has been suspended, as regulators battle a steep slide in stock prices. China's securities regulator said Friday it has launched a probe into ...PRESS DIGEST-Chin