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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    • Mickey Who? China's Richest Man Opens Theme Park With Warning for Disney - TIME May 30, 2016
      TIMEMickey Who? China's Richest Man Opens Theme Park With Warning for DisneyTIMEThe gates of China's newest theme park were flung open Saturday — the first salvo in billionaire property magnet Wang Jianlin's campaign to unseat Disney as the undisputed king of the world's entertainment industry. The Wanda Cultural Tourism City ...Mickey Mo
    • China Expat Entrepreneur: Chris Trees' Three-Wheeler Dream - Forbes May 30, 2016
      ForbesChina Expat Entrepreneur: Chris Trees' Three-Wheeler DreamForbesBritish entrepreneur Chris Trees begins an interview by recalling how a conversation several years ago with a potential investor in his tricycle business didn't go well. “I made a presentation of the tricycle and all of the logical reasons why it ...
    • Can Sustainable Technology Save China? - Forbes May 30, 2016
      ForbesCan Sustainable Technology Save China?ForbesWith the size of economic, social and environmental challenges growing at a scale and scope that can shatter limits set by global governments, Mother Nature and society, technology will become the gauge by which we analyze resource levels, measure ...
    • China Fixes Yuan at More Than Five-Year Low Against Dollar - Wall Street Journal May 30, 2016
      Wall Street JournalChina Fixes Yuan at More Than Five-Year Low Against DollarWall Street JournalChina's central bank set the daily yuan-fixing at its weakest level against the dollar in more than five years on Monday, after hawkish comments from Federal Reserve Chairwoman Janet Yellen boosted the strength of the U.S. currency. The People's Bank ...
    • Show Us the Money, China - Bloomberg May 30, 2016
      BloombergShow Us the Money, ChinaBloombergThere was a moment earlier this year when China Inc. appeared to be single-handedly keeping M&A bankers in their Maseratis and Patek Philippes. Chinese companies have announced $128.5 billion of proposed, pending or completed outbound deals in ...and more »
    • Though Largely Unknown, Trump Finds Fans in China - ABC News May 30, 2016
      Though Largely Unknown, Trump Finds Fans in ChinaABC NewsChina features prominently in the rhetoric of presumed Republican presidential candidate Donald Trump, who accuses the country of stealing American jobs and cheating at global trade. In China itself, though, he's only now emerging as a public figure, ...and more »
    • The antidote to China's debt addiction could make things worse - Business Insider May 30, 2016
      Business InsiderThe antidote to China's debt addiction could make things worseBusiness InsiderChina is hooked on debt, and the policymakers' idea of treating the addiction could make things worse. Chinese officials said two months ago they will make it easier for commercial banks to swap problem loans in overindebted companies for stock, in a ...an
    • Wanda Opens First China Theme Park as It Takes Aim at Disney - Bloomberg May 29, 2016
      BloombergWanda Opens First China Theme Park as It Takes Aim at DisneyBloombergBillionaire Wang Jianlin Saturday officially unveiled Dalian Wanda Group Co.'s Wanda City, the first of the company's 15 planned theme park and entertainment projects in China that it hopes will help it unseat Walt Disney Co. as the world's largest ...and more »
    • China To Send Nuclear-Armed Submarines To Pacific To Counter US, Beijing Claims - Forbes May 29, 2016
      ForbesChina To Send Nuclear-Armed Submarines To Pacific To Counter US, Beijing ClaimsForbesJust as most Americans settle in for a nice three-day Memorial Day weekend, news broke that China is planning to send submarines armed with nuclear missiles to the Pacific Ocean for the first time. The U.K.-based Guardian newspaper, citing Chinese ...China's Nucle
    • South China Sea fears grow before tribunal rules on disputed islands - The Guardian May 29, 2016
      The GuardianSouth China Sea fears grow before tribunal rules on disputed islandsThe GuardianWestern officials say they fear China will react to the ruling of the international tribunal for the law of the sea, which is expected to side with the Philippines, by raising the stakes in the busy trade route, expanding its land reclamation and ...US military moves