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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    • US Navy alarmed at Beijing's 'Great Wall of Sand' in South China Sea - Washington Post April 1, 2015
      Fox NewsUS Navy alarmed at Beijing's 'Great Wall of Sand' in South China SeaWashington PostBEIJING — China is building “a Great Wall of Sand” through an unparalleled program of land reclamation in the South China Sea, raising concerns about the possibility of military confrontation in the disputed waters, according to the commander of the U ..
    • Petrobras Signs $3.5 Billion Accord With China Development Bank - Bloomberg April 1, 2015
      Bidness ETCPetrobras Signs $3.5 Billion Accord With China Development BankBloombergPetrobras, as Brazil's state-run producer is known, signed a finance contract with the China Development Bank for $3.5 billion, the first part of an accord to be implemented this year and in 2016, according to a regulatory filing Wednesday. That ...Brazil's Petrobras
    • Chinese flock to USA to give birth to US citizens - USA TODAY April 1, 2015
      USA TODAYChinese flock to USA to give birth to US citizensUSA TODAYAt least 500 companies offered "birth tourism" services in China last year, the Shanghai newspaper National Business Daily reported. While there are no official statistics, the number of Chinese citizens heading to the USA to give birth likely is in ...and more »
    • China Tries to Clean Up E-Commerce - Wall Street Journal April 1, 2015
      Wall Street JournalChina Tries to Clean Up E-CommerceWall Street JournalBEIJING—China is tightening control over the largely unregulated world of Chinese e-commerce, a booming sector that has built up behemoths such as Alibaba Group Holding Ltd. but also contributed to the proliferation of fake and substandard goods and ...and more »
    • What Yemen's crisis reveals about China's growing global power - Washington Post (blog) April 1, 2015
      New York Times (blog)What Yemen's crisis reveals about China's growing global powerWashington Post (blog)On Tuesday, Xinhua news agency reported that more than 500 Chinese nationals who were evacuated from Yemen had arrived safely in the city of Djibouti. The evacuees had been picked up by a Chinese fleet Sunday and Monday, fleeing an increasingly 
    • Chinese Taxi-Hailing App's Valuation Soars to $8.75 Billion - Wall Street Journal April 1, 2015
      Wall Street JournalChinese Taxi-Hailing App's Valuation Soars to $8.75 BillionWall Street JournalHONG KONG—U.S. hedge funds are jumping on board China's dominant taxi-hailing app business, putting an $8.75 billion valuation on the Chinese startup. Coatue Management LLC is leading a consortium of investors buying about $600 million of shares ...and
    • Weak demand hits China factory, services firms in March, more easing seen - Reuters April 1, 2015
      ReutersWeak demand hits China factory, services firms in March, more easing seenReutersThree separate surveys showed Chinese companies shed jobs last month as they struggled with soft demand and deflationary pressures, suggesting that economic growth may have slipped below 7 percent in the first quarter of 2015, which would be the ...Better looking PMIs beli
    • Jack Lew: China's currency is not ready for prime time - CNNMoney April 1, 2015
      CNNMoneyJack Lew: China's currency is not ready for prime timeCNNMoneyU.S. Treasury Secretary Jack Lew said Tuesday that China's yuan is not yet ready to join an elite grouping of currencies used by the International Monetary Fund. China has expressed interest in having the yuan included in the IMF's Special Drawing ...U.S. allies rush to join
    • China banking checkmate? - Aljazeera.com March 31, 2015
      Aljazeera.comChina banking checkmate?Aljazeera.comThe list is growing ever longer of countries eager to sign up to a new China-led investment bank. Beijing set Tuesday as the deadline for those wishing to become a founding member of what's called the Asian Infrastructure Investment Bank. The UK, India ...Japan, Sticking With US, Says It Won't Join
    • China's stock market sure looks like a bubble - Washington Post (blog) March 31, 2015
      China's stock market sure looks like a bubbleWashington Post (blog)China's housing bubble is starting to pop, so, right on cue, its stock bubble is starting to re-inflate. Now they're nowhere near their 2007 highs—in fact, they're barely halfway there—but Chinese stocks are still looking plenty frothy right now ...