China Current Events

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China Current Events: April 13

China’s fiscal revenue up 14.7 pct in Q1 China’s fiscal revenue in the first quarter of the year rose 14.7 percent from the same period last year to hit nearly 3 trillion yuan (475.81 billion U.S. dollars), the Ministry of Finance said Friday. China cuts off internet access in bid to exert control As the […]

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    • China's Rate Cut Renews Economic Concerns - Wall Street Journal March 2, 2015
      Wall Street JournalChina's Rate Cut Renews Economic ConcernsWall Street JournalBEIJING—A surprise rate cut by China's central bank underscores the increasingly aggressive measures the leadership is relying on to rev up activity in the world's second-largest economy. The rate cut shaved a quarter of a percentage point off ...Asia stocks edge up
    • China February HSBC PMI at seven-month high - Reuters March 2, 2015
      CNBCChina February HSBC PMI at seven-month highReutersBEIJING (Reuters) - Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will ...China's Official Manufacturing PMI Edges
    • China's Long Food Chain Plugs In - New York Times March 2, 2015
      New York TimesChina's Long Food Chain Plugs InNew York TimesHONG KONG — The smartphone tells the story of a kiwi fruit in China. With a quick scan of a code, shoppers can look up the fruit's complete thousand-mile journey from a vine in a lush valley along the upper Yangtze River to a bin in a Beijing supermarket.
    • Britain's Prince William Takes on Diplomatic Role in China - ABC News March 2, 2015
      BBC NewsBritain's Prince William Takes on Diplomatic Role in ChinaABC NewsPrince William presented China's president with a large envelope Monday containing an invitation from the queen to visit Britain this year, as he began the first official visit to mainland China by a senior British royal in a generation. President Xi ...Prince William arrives
    • China's Central Bank Cuts Interest Rates - Wall Street Journal March 2, 2015
      Wall Street JournalChina's Central Bank Cuts Interest RatesWall Street JournalBEIJING—China's central bank cut interest rates for the second time in less than four months, in a fresh sign that the country's leadership is becoming more aggressive in trying to arrest flagging economic growth. The rate cut by the People's Bank of ...
    • How Skiing Caught on as a Mainstream Pastime - The Atlantic March 1, 2015
      The AtlanticHow Skiing Caught on as a Mainstream PastimeThe AtlanticOn Saturday, Chai Jing, a former television journalist from China, released a feature-length documentary film that, unusually for China, took the government to task. Titled Under the Dome, the video featured Chai giving a presentation on stage, using ...Documentary on Air Pollution Grips Chi
    • Why China's Consumers Are Flying To Japan To Buy Toilet Seats - Forbes March 1, 2015
      Why China's Consumers Are Flying To Japan To Buy Toilet SeatsForbes“World-class toilet seats are not what Chinese manufacturers aspire to make,” the nationalistic Global Times sniffed on Thursday. The Communist Party paper was reacting to reports that China's tourists were eagerly snapping up Japanese goods ...and more »
    • China central bank steps up easing tempo as factory activity shrinks - Reuters March 1, 2015
      ReutersChina central bank steps up easing tempo as factory activity shrinksReutersCuts to benchmark lending and deposit rates, announced by the People's Bank of China (PBOC) on Saturday evening, pre-empted official data released on Sunday that showed a second consecutive month of shrinking manufacturing activity for February.
    • China Takes the Easy Way Out - Wall Street Journal March 1, 2015
      Wall Street JournalChina Takes the Easy Way OutWall Street JournalChina's central bank is starting to seem in a hurry to loosen policy. That is a worrying sign for its economy. The People's Bank of China on Saturday night cut benchmark lending and deposit rates, each by a quarter percentage point. It is the third ...
    • China's Neighbors Bulk Up Militaries - Wall Street Journal February 28, 2015
      Wall Street JournalChina's Neighbors Bulk Up MilitariesWall Street JournalMANILA—China's neighbors are moving forward with the modernization of their militaries with new fighter jets, submarines and other hardware, even as Beijing has tried to tamp down territorial tensions in the region. The military buildup is an ...and more »