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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    • 'Cold War mentality': Beijing slams new US military strategy over South China Sea - RT July 3, 2015
      RT'Cold War mentality': Beijing slams new US military strategy over South China SeaRTBeijing has been expressed outrage over the recently updated US National Military Strategy, which called Chinese claims in the South China Sea worrisome and “inconsistent with international law.” China's Foreign Ministry spokeswoman, Hua Chunying, ...China ang
    • Quake in rural China kills three, damages thousands of homes - Reuters July 3, 2015
      The Weather ChannelQuake in rural China kills three, damages thousands of homesReuters"If many people are gathered in one place during an earthquake, it can lead to a serious disaster, but in this case, there were relatively few people so it isn't so serious," China Earthquake Networks Centre researcher Sun Shihong told state ...Earthquake Roc
    • China hunts for 'manipulators' as stocks tumble - Reuters July 3, 2015
      ReutersChina hunts for 'manipulators' as stocks tumbleReutersSHANGHAI Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown ...China Accelerates Efforts to St
    • Vietnam Party Chief Balances Ties Between US, China - Wall Street Journal July 3, 2015
      Wall Street JournalVietnam Party Chief Balances Ties Between US, ChinaWall Street JournalBut with Beijing growing more aggressive in its territorial claims to the South China Sea, close observers are concluding that Mr. Trong has little choice but to throw the full weight of Vietnam's Communist Party behind a stronger alliance with the U.S ...and more »
    • China's low rates sound death knell for copper carry trade - Financial Times July 3, 2015
      Financial TimesChina's low rates sound death knell for copper carry tradeFinancial TimesFor years, while interest rates in China were much higher than international levels, a popular trade comprised of borrowing money at the dollar interest rate using a letter of credit from a domestic bank to import commodities. These stocks of raw ...Cornering the mar
    • As China stocks sink, some accuse Morgan Stanley, other foreign forces - MarketWatch July 3, 2015
      MarketWatchAs China stocks sink, some accuse Morgan Stanley, other foreign forcesMarketWatchHONG KONG (MarketWatch) — The recent, drastic stock-market meltdown in China seems to have freaked out the country's government and central bank, as their repeated efforts to stabilize the markets have failed, at least so far. And now, some segments ...China fail
    • Xi Jinping has run into the one thing in China he can't control - Quartz July 3, 2015
      Xi Jinping has run into the one thing in China he can't controlQuartzChinese president Xi Jinping's signature governing style has been to consolidate power and then wield it aggressively and independently. He's destroyed political opposition within his own party by locking up Bo Xilai and Zhou Yongkang, once rumored to ...
    • Why the Communist Party's new security law is bad news for China - CNN July 3, 2015
      CNNWhy the Communist Party's new security law is bad news for ChinaCNNWhereas Chinese legislation usually tries to give the appearance of leaving control with the formal state institutions -- with the Party's role limited to providing "leadership" -- the new National Security Law is explicit in its ambition to protect ...China passes new
    • China's Boom Has World Bank Worried - Bloomberg View July 2, 2015
      Bloomberg ViewChina's Boom Has World Bank WorriedBloomberg ViewBy urging Beijing to clamp down on wasteful investment, unsustainable debt, and a shadow banking industry run amok, it was delivering a clear enough warning that President Xi should stop fanning China's giant asset bubble. The World Bank was also ...World Bank redacts report critical of
    • China criticized over Ramadan restrictions - CNN July 2, 2015
      CNNChina criticized over Ramadan restrictionsCNNThe fast -- traditionally observed from dawn until dusk -- is a central tenet of Islam, the religion practiced by many of the ethnic Uyghurs native to China's western province of Xinjiang. The Turkish Foreign Ministry published a statement this week ...China upset with Turkey's concern on Ramadan rest