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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    • Exclusive: Secret NSA Map Shows China Cyber Attacks on US Targets - NBCNews.com July 30, 2015
      NBCNews.comExclusive: Secret NSA Map Shows China Cyber Attacks on US TargetsNBCNews.comA secret NSA map obtained exclusively by NBC News shows the Chinese government's massive cyber assault on all sectors of the U.S economy, including major firms like Google and Lockheed Martin, as well as the U.S. government and military. The map ...and more »
    • Ex-Military Leader in China Is Subject of Graft Inquiry - New York Times July 30, 2015
      New York TimesEx-Military Leader in China Is Subject of Graft InquiryNew York TimesHONG KONG — A former commander of the People's Liberation Army was expelled from the Chinese Communist Party and placed under investigation for graft crimes on Thursday, becoming the most senior military figure brought down in President Xi ...Chinese general Guo Boxiong a
    • China Blames US Military Actions for Tensions in the South China Sea - New York Times July 30, 2015
      Voice of AmericaChina Blames US Military Actions for Tensions in the South China SeaNew York TimesHONG KONG — A top Chinese official said Thursday that American military drills and surveillance flights in the South China Sea were threatening regional stability, a harsh assessment that seemed likely to heighten tensions between the two countries ...China Stag
    • In China Stocks, Late Jolts Are New Normal - Wall Street Journal July 30, 2015
      Wall Street JournalIn China Stocks, Late Jolts Are New NormalWall Street JournalFor now, they have identified two key factors: afternoon margin calls from lenders, which often prompt a wave of selling, and the looming presence of Chinese authorities. China has vowed to support the market by buying stocks, but investors have ...China stock regulator restricts
    • Corporate giants sound profits alarm over China slowdown - Financial Times July 30, 2015
      Financial TimesCorporate giants sound profits alarm over China slowdownFinancial Times“In Asia, the China market has clearly slowed,” said Akhil Johri, chief financial officer at United Technologies, the US industrial group at the company's earnings call last week. “Real estate investment, new construction starts and floor space sold ...and more »
    • Obama Orders Development Of Supercomputer To Rival China's 'Milky Way' - NPR July 30, 2015
      NPRObama Orders Development Of Supercomputer To Rival China's 'Milky Way'NPRPresident Obama has ordered the development of a supercomputer that is some 20 times faster than the world's current record-holder and is expected to go online by 2025. A machine at China's National University of Defense Technology in Guangzhou, ...and more »
    • Why China is not a global superpower — yet - Fortune July 30, 2015
      FortuneWhy China is not a global superpower — yetFortuneWhat do the fluctuations in China's capital market mean for the global economy? As can be seen in the recent stock market slide, capital markets outside of China were impacted, but quickly rebounded. Make no mistake, whatever happens in China certainly ...and more »
    • Some fear China's slide may crash the art market - CNBC July 30, 2015
      CNBCSome fear China's slide may crash the art marketCNBCChinese property company Dalian Wanda Group shelled out $20.4 million for one of Monet's masterpieces: "Bassin aux nympheas les rosiers." Chinese media mogul Wang Zhongjun paid $29.9 million for Picasso's "Femme au Chignon un Fauteuil," while an ...
    • In China, Michael Jordan does not hold the rights to his own name - Quartz July 30, 2015
      QuartzIn China, Michael Jordan does not hold the rights to his own nameQuartzThe real Michael Jordan has been defeated by his Chinese imitator after years of lawsuits. The 52-year-old basketball legend lost a trademark suit against Qiaodan Sports, a Chinese sportswear company based in southern Fujian province, after China's ...Michael Jordan Loses China
    • Fears over China's market crash are overblown - CNNMoney July 29, 2015
      CNNMoneyFears over China's market crash are overblownCNNMoneyThe stock market in China is notably different from other major trading floors. It is highly speculative and the bets placed by the retail investors who play there are unlikely to reflect broader economic and corporate trends; particularly when ...How China's stock market bubbled ... then