China Current Events

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Current Events in China: August 11

Chinese police ‘admit’ Gu Kailai cover-up: official Four Chinese police officers on Friday admitted in court to covering up the killing of a British businessman to protect the wife of a senior politician charged with his murder, an official said.  Read more China export growth slows to 1% China’s trade and domestic demand have weakened […]

Current Events in China: August 8

200,000 evacuated as typhoon nears Shanghai China evacuated 200,000 people from Shanghai as the third typhoon in a week bore down on the east coast, state media said Tuesday, warning it could be the most powerful storm to hit since 2005.  Read more Tibetan woman self-immolates in China: Group A 26-year-old woman immolated herself Tuesday […]

China Current Events: Aug 3

China ropes off Scarborough Shoal To cut or not to cut?  Chinese fishing vessels left Panatag Shoal (Scarborough Shoal) in the West Philippine Sea (South China Sea) but they roped off the mouth of its lagoon to prevent other fishermen from getting in, Defense Secretary Voltaire Gazmin said Thursday.  Read more China Non-Manufacturing Index Fell […]

Current Events in China: August 2

China official PMI shows factory sector barely growing China’s official factory purchasing managers’ index fell to an eight-month low of 50.1 in July, suggesting the sector is barely growing, while a rival HSBC survey indicated the more market-sensitive private sector is starting to recover.  Read more China big city spenders confound global gloom: survey Consumer […]

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: July 25

Slowing economy sharply weakens China’s tax revenue growth The Chinese government collected much less tax in the first half of this year as the economy expanded at its slowest pace since the depth of the global financial crisis, according to data released by the Ministry of Finance (MOF) on Tuesday.  Read more China announces South […]

Current Events in China: July 23

Ten die as record rainfall pounds Beijing The heaviest rain to hit Beijing in over 60 years left at least 10 people dead and forced more than 50,000 to evacuate, state media said Sunday.  Read more Island row escalates as China plans to set up military garrison China announced Sunday it will establish a military […]

China Current Events: July 18

China’s GDP Hit Tells Story of Hubris Run Amok The lesson from recent economic data and policy moves in Asia (MXAP) is this: Hubris still has its costs. In recent years, Asia believed its own press a little too much. The way it steered around the financial crisis of 2008, the dizzying stock gains, the […]

Current Events in China: July 14

China Data From Home to Investment Show Hope for Growth China’s weakest expansion in three years masked a surge in home sales and a jump in investment that show lower interest rates and banks’ reserve requirements may be starting to stabilize growth in the second-largest economy.  Read more U.S. indicts Iranian, Chinese for nuclear export […]

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 […]

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    • The Chinese Ride-Hailing Startup That's Out-Ubering Uber - Wired June 30, 2015
      WiredThe Chinese Ride-Hailing Startup That's Out-Ubering UberWiredOne of tech's fiercest rivalries is shaping up in China right now, but the leading contender isn't a familiar name in the US. Didi Kuaidi is taking on Uber for the title of largest ride-hailing company in the world's largest country—or more precisely ...Uber's Biggest
    • China makes carbon pledge ahead of Paris climate change summit - The Guardian June 30, 2015
      The GuardianChina makes carbon pledge ahead of Paris climate change summitThe GuardianChina plans to increase its installed capacity of wind power to 200GW and solar power to around 100 gigawatts (GW), up from 95.81GW and 28GW today, respectively. It will also increase its use of natural gas which is expected to make up more than 10% of ...China watches Gree
    • Time for the Philippines to Adjust its South China Sea Approach - The Diplomat June 30, 2015
      The DiplomatTime for the Philippines to Adjust its South China Sea ApproachThe DiplomatGrowing territorial tensions in the South China Sea are taking a toll on the sizeable Filipino-Chinese community in the Philippines. Recently, one of the most celebrated Filipino writers went so far as to implicitly question the loyalty of the Filipino ...China says some S
    • Amid Chinese Military Aggression, Russia Delivers Submarine To Vietnam For ... - International Business Times June 30, 2015
      International Business TimesAmid Chinese Military Aggression, Russia Delivers Submarine To Vietnam For ...International Business TimesIn addition to the six Kilo-class submarines from Russia, Vietnam has bought accompanying Russian-made missiles, of the Klub variety, that can attack land and could potentially reach coastal cities in China, Reuters reported i
    • Young Fund Managers Lose Out in China Stock Rout - Wall Street Journal June 30, 2015
      Wall Street JournalYoung Fund Managers Lose Out in China Stock RoutWall Street JournalChina's mutual-fund industry was booming until recently. Structured funds were a star performer during a yearlong bull market. But they also have done poorly during the current market decline, which began over two weeks ago. The Shanghai Composite ...and more »
    • Nearly 2000 Km of China's Great Wall Have Crumbled Away Completely - TIME June 30, 2015
      TIMENearly 2000 Km of China's Great Wall Have Crumbled Away CompletelyTIMEIt's no secret that the Great Wall of China has been getting smaller ever since it was constructed in the 14th century, with several crumbling sections of the man-made wonder being all but obliterated over thousands of years, but new figures from the ...China's Great Wal
    • The Perils of China's Faith-Based Stock Investing - Wall Street Journal June 30, 2015
      Wall Street JournalThe Perils of China's Faith-Based Stock InvestingWall Street JournalSuch attitudes are commonplace across China, and they've helped to boost the valuation of the combined Shanghai and Shenzhen stock exchanges to more than 100% of national GDP from about one-third less than a year ago. Almost a quarter of a century ...China's
    • Suspect in Iowa student murder charged after months on the run in China - CNN June 30, 2015
      CNNSuspect in Iowa student murder charged after months on the run in ChinaCNNNearly 10 months after his daughter was found strangled to death in Iowa, Shao Chunsheng has learned that Chinese police have arrested the prime suspect in the murder. "They finally caught him. I feel relieved," said Shao, in a telephone interview with ...Man suspected of
    • A Scientific Ethical Divide Between China and West - New York Times June 29, 2015
      New York TimesA Scientific Ethical Divide Between China and WestNew York TimesBEIJING — China is spending hundreds of billions of dollars annually in an effort to become a leader in biomedical research, building scores of laboratories and training thousands of scientists. But the rush to the front ranks of science may come at a ...
    • China's Magic Tricks Can't Save Its Stock Market - Bloomberg View June 29, 2015
      Bloomberg ViewChina's Magic Tricks Can't Save Its Stock MarketBloomberg ViewThe truth is that the plunge in Chinese stocks was long overdue. China's longest-ever bull market was government-driven, fueled by central bank liquidity and a public-relations bonanza. The question now is whether Beijing's policy apparatus has lost ...China'