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 Looks Towards Iran - Huffington Post May 6, 2016
      China Looks Towards IranHuffington Post“Iran has historically been one of China's most significant trading partners,” says Dr. Lu Yang, Professor in the Department of History at Peking University. “For centuries, Persia and China engaged in trade over land and sea. During the Tang Dynasty ...and more »
    • Chanos, Bass and the China collapse chorus are wrong: Consultant - CNBC May 6, 2016
      CNBCChanos, Bass and the China collapse chorus are wrong: ConsultantCNBCZ-Ben Advisors founder Peter Alexander said Friday it's time to strip out the emotion around China, particularly among a chorus forecasting the country's impending doom, which includes Jim Chanos and Kyle Bass. Investors either herald China as the ...
    • Apple's Tim Cook said to visit China for government meetings - CNBC May 6, 2016
      CNBCApple's Tim Cook said to visit China for government meetingsCNBCApple CEO Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter said. Cook has frequently traveled to ...Tim Cook reportedly traveling t
    • China stocks slide nearly 3% on worries about looming bond defaults - MarketWatch May 6, 2016
      MarketWatchChina stocks slide nearly 3% on worries about looming bond defaultsMarketWatchShares in Asia mostly edged lower Friday amid caution before a key U.S. jobs report, but China stocks were down more sharply over rising defaults and regulatory concerns.. The Shanghai Composite Index SHCOMP, -2.82% ended down 2.8%, while the ...China's Shares Slump
    • China says South China Sea criticism could rebound like coiled spring - Reuters May 6, 2016
      ReutersChina says South China Sea criticism could rebound like coiled springReutersThe ruling is expected to favor the Philippines and risks raising tension because China rejects the court's authority to hear the case, even though it is a signatory of the U.N. Convention on the Law of the Sea under which it is being heard. China has ...Asia Pacific|A US
    • China's propaganda news outlets are absolutely crushing it on Facebook - Quartz May 6, 2016
      QuartzChina's propaganda news outlets are absolutely crushing it on FacebookQuartzChina's government-controlled media has embraced Western social media, following top-down orders from president Xi Jinping to “tell China's story” to the world. Facebook, Twitter, and YouTube are now rife with news from China's Communist Party, in the ...
    • Bombardier pushes for airline talks, China breakthrough after Delta deal - Reuters May 6, 2016
      ReutersBombardier pushes for airline talks, China breakthrough after Delta dealReutersRising passenger traffic in cities away from the main hubs of Beijing, Shanghai and Guangzhou can help convince airlines to opt for the 110-150 seat CSeries planes, said Andy Solem, who oversees commercial aircraft sales in China. "Trunk growth is ...and more »
    • Debt Spirals Out Of Control And China All But Loving It - Forbes May 6, 2016
      ForbesDebt Spirals Out Of Control And China All But Loving ItForbesGeorge Soros, the venerated American billionaire hedge fund investor, fears China is headed toward a financial crisis like that of the United States and much of the world in 2008. Debt is spiraling, he noted in April, and when America let that happen ...Something odd is happening in China, an
    • Clause celebre: Taiwan leader must convince China she's no 'splittist' - Reuters May 6, 2016
      ReutersClause celebre: Taiwan leader must convince China she's no 'splittist'Reuters"China's attitude on opposing independence is out of touch with the real situation," said independence advocate Koo Kwang-ming. "They really have no way (how to deal) with Taiwan, so they take what has been stated in the past and repeat, rep
    • Here's how China managed to lose $500 billion in reserves in one year - Business Insider May 5, 2016
      Business InsiderHere's how China managed to lose $500 billion in reserves in one yearBusiness InsiderChinese pay down foreign debt: This was the main driver and accounted for one-third of total outflows. Chinese firms wanted to get rid of their foreign debt as the US dollar became stronger. (The currency move made the debt more expensive to service.) ..