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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China Current Events
- China Stocks Fall to a Six-Month Low on Cash Crunch, IPO Concern - Bloomberg June 19, 2013China Stocks Fall to a Six-Month Low on Cash Crunch, IPO ConcernBloombergChina's stocks fell to a six-month low as surging money-market rates signal a cash shortage is worsening and speculation grew regulators are considering resuming approvals of initial public offerings. China Citic Bank Corp. and China Minsheng Banking ...PBOC Offers No Relief to Chi […]
- China, North Korea Hold Strategic Talks in Beijing - ABC News June 19, 2013ABC NewsChina, North Korea Hold Strategic Talks in BeijingABC NewsNegotiators from North Korea and China held strategic talks in Beijing on Wednesday following a rough patch in relations between the communist allies and Pyongyang's surprise weekend call for dialogue with the U.S.. North Korean First Vice Foreign ...China, North Korea holding strategic t […]
- Dalian Wanda of China to Spend $1.6 Billion on Yacht Maker and London Hotel - New York Times (blog) June 19, 2013Dalian Wanda of China to Spend $1.6 Billion on Yacht Maker and London HotelNew York Times (blog)HONG KONG–The Dalian Wanda Group of China, privately controlled by the billionaire Wang Jianlin, said Wednesday that it would invest 1 billion pounds ($1.6 billion) to build a luxury hotel and apartment complex in London and acquire the British yacht ...China […]
- GM Says China Luxury Vehicle Demand Slower Than Expected - Bloomberg June 19, 2013BloombergGM Says China Luxury Vehicle Demand Slower Than ExpectedBloombergGeneral Motors Co. (GM), which broke ground on a new Cadillac assembly plant in China today, forecast demand for luxury autos will grow at a slower pace than the total vehicle market this year. Sales of premium cars in China will probably increase ...GM aims for 10 percent of China […]
- Vietnam Leader Visiting China Seeks Export Gain Amid Sea Tension - Bloomberg June 19, 2013SGGPVietnam Leader Visiting China Seeks Export Gain Amid Sea TensionBloombergTalks between the presidents of Vietnam and China, their first meeting since China's leadership change, will focus on bolstering economic ties even as tensions rise over disputed territory in the South China Sea. Vietnam President Truong Tan Sang is ...Vietnam, China to enhance […]
- China Mengniu Dairy Offers $1.6 Billion for Baby Formula Firm - New York Times (blog) June 18, 2013New York Times (blog)China Mengniu Dairy Offers $1.6 Billion for Baby Formula FirmNew York Times (blog)China Mengniu Dairy said it would offer to acquire Yashili International, one of the country's leading makers of infant milk formula and baby food, in a deal worth 12.45 billion Hong Kong dollars ($1.6 billion). The offer price of 3.50 dollars a share […]
- From Cheney to China: 7 things we learned about Obama - CNN June 18, 2013NPRFrom Cheney to China: 7 things we learned about ObamaCNN(CNN) -- As his popularity has dropped to 45%, the lowest in a year and a half, President Barack Obama talked with PBS' Charlie Rose. The president covered a world of issues, including how some critics now liken him to a particular Republican adversary.China Internet Security Stocks Rally on Sno […]
- Wine war fears already slowing French exports to China - Fox News June 18, 2013Wall Street Journal- IndiaWine war fears already slowing French exports to ChinaFox NewsBORDEAUX (AFP) – Chinese wine importers have already started putting orders from France and other European countries on hold over fears of a hike in tariffs being triggered as part of a broader EU-China trade dispute, say leading figures in the sector.French Attack Comes […]
- China Introduces Local Program for Reducing Emissions - New York Times June 18, 2013China Introduces Local Program for Reducing EmissionsNew York TimesBEIJING — China unveiled its first pilot carbon emissions exchange Tuesday, though plans for a nationwide rollout and efforts to apply the program to some heavy industries could be undermined by a slowdown in the nation's economy. High-emission ... […]
- Could China's growing influence in Hollywood affect Christian-themed movies? - Fox News June 18, 2013Could China's growing influence in Hollywood affect Christian-themed movies?Fox News“Christianity in China has long has been associated with Western imperialism and the authorities regard U.S. evangelism, in particular, with some suspicion,” Beijing-based entertainment attorney Mathew Alderson told FOX411's Pop Tarts column ...and more » […]