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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    • Shares gain on US tech earnings, ECB purchase plans - Reuters October 21, 2014
      ReutersShares gain on US tech earnings, ECB purchase plansReutersOfficial data showing China's gross domestic product grew 7.3 percent in the third quarter from a year earlier, marking the weakest growth since the first quarter of 2009, weighed on Chinese shares and stoked concerns over global economic growth.Europe, U.S. Stocks Climb on Earnings, ECB S
    • Mixed Economic Signals From China - New York Times October 21, 2014
      New York TimesMixed Economic Signals From ChinaNew York TimesLi Keqiang, China's prime minister, boasted in a speech at a World Economic Forum meeting last month that nearly 10 million urban jobs had been created in the first eight months of the year, up slightly from a year ago. As a result, he said, he would ...China's growth slowest since global
    • Tough US rivalries, China food scandal pound McDonald's - Reuters October 21, 2014
      ReutersTough US rivalries, China food scandal pound McDonald'sReuters(Reuters) - McDonald's Corp's (MCD.N) - which has not given investors many reasons to sing the fast-food chain's "I'm lovin' it" jingle - on Tuesday said quarterly profit dropped by nearly one-third and warned that global restaurant sales will fall ..
    • Top bid to build new MBTA subway cars is from China - Boston Globe October 21, 2014
      Boston GlobeTop bid to build new MBTA subway cars is from ChinaBoston GlobeThe Massachusetts Department of Transportation board of directors is scheduled to vote Wednesday on the contract for CNR MA Corporation, which is a venture of China CNR Corporation Limited and CNR Changchun Railway Vehicles Co., according to the ...and more »
    • China Growth Seen Slowing Sharply Over Decade - Wall Street Journal October 21, 2014
      China Growth Seen Slowing Sharply Over DecadeWall Street JournalBEIJING—China's growth will slow sharply during the coming decade to 3.9% as its productivity nose dives and the country's leaders fail to push through tough measures to remake the economy, according to a report expected to come out Monday. Such an ...
    • China-backed hackers may have infiltrated Apple's iCloud: blog - Reuters October 21, 2014
      ReutersChina-backed hackers may have infiltrated Apple's iCloud: blogReutersBOSTON/BEIJING (Reuters) - Apple Inc's (AAPL.O) iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the ...China denies back
    • Australia set to help China seize assets of corrupt Chinese officials: reports - Reuters October 21, 2014
      BBC NewsAustralia set to help China seize assets of corrupt Chinese officials: reportsReutersThe priority list agreed between China's Ministry of Public Security and the AFP was culled from a broader list of "less than a hundred people", Hill told the paper, adding that the assets China was pursuing in Australia were in the "many hundreds
    • Presumed Guilty in China's War on Corruption, Targets Suffer Abuses - New York Times October 20, 2014
      New York TimesPresumed Guilty in China's War on Corruption, Targets Suffer AbusesNew York TimesBEIJING — He was starved, pummeled and interrogated for days on end in an ice-cold room where sleeping, sitting or even leaning against a wall were forbidden. One beating left Wang Guanglong, a midlevel official from China's Fujian Province, partly ...and
    • China Versus America - New York Times October 20, 2014
      China Versus AmericaNew York TimesSINGAPORE — Let us take it as a given that the post-1945 world order with the United States as dominant nation has begun to unravel, that China is rising to inherit the earth, that the unease of our times has much to do with that difficult transition ...
    • UN Group Urges China's Wealthy to Fight Ebola - Wall Street Journal October 20, 2014
      Wall Street JournalUN Group Urges China's Wealthy to Fight EbolaWall Street JournalBEIJING-Chinese corporations and wealthy individuals aren't contributing enough to help fight the spread of Ebola in West Africa, despite the nation's deep ties to the impacted region, according to the United Nations World Food Programme's China ...China Wo