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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    • Global stocks rally as China fears dwindle, oil prices steady - Reuters July 28, 2015
      ReutersGlobal stocks rally as China fears dwindle, oil prices steadyReutersOil prices steadied, with U.S. crude rising more than 1 percent as bets for a drop in U.S. crude stockpiles offset worries about a global supply glut and China's market meltdown. Brent futures LCOc1 settled down 17 cents, or 0.3 percent, at $53.30 a ...Drawing A Line From The Chi
    • China Pushes to Rewrite Rules of Global Internet - Wall Street Journal July 28, 2015
      Wall Street JournalChina Pushes to Rewrite Rules of Global InternetWall Street JournalSHANGHAI—As social media helped topple regimes in the Middle East and northern Africa, a senior colonel in the People's Liberation Army publicly warned that an Internet dominated by the U.S. threatened to overthrow China's Communist Party. Ye Zheng ...and more »
    • Ford's China strategy: small can be big - Fortune July 28, 2015
      FortuneFord's China strategy: small can be bigFortuneWhile it's putting pressure on prices, Fields says it's important to put China and its current market conditions into perspective. “It's the biggest market in the world right now,” Fields says. “By our forecasts it's going to grow to about 30 million ...Detroit automakers are uniqu
    • China's Swoon Curbs Startup Enthusiasm - Wall Street Journal July 28, 2015
      Wall Street JournalChina's Swoon Curbs Startup EnthusiasmWall Street JournalAfter Vincent Wen quit a secure job with a Chinese technology giant to launch an Internet marketing startup last fall, he says investors were queuing up with offers to back him. Then China's stock market nose-dived, delivering a double whammy to the ...
    • China Meltdown Adds Exit-Strategy Conundrum for Central Bankers - Bloomberg July 28, 2015
      BloombergChina Meltdown Adds Exit-Strategy Conundrum for Central BankersBloombergExit strategies used to be the preoccupation of Pentagon planners. Nowadays, it's more a province for central bank watchers, since the Federal Reserve gorged on trillions of dollars of mortgage and government debt. And in that economic realm, China has ...and more »
    • What China's stock plunge means for US real estate - CNBC July 28, 2015
      CNBCWhat China's stock plunge means for US real estateCNBCCalifornia is still a Chinese favorite, but high prices there are cutting into demand. While Texas ranks third for all international home buyer demand, behind Florida and California, it is favored by Chinese buyers, thanks to its strong employment and ...Smaller Chinese Cities Miss Housing Recove
    • Behind China Market's Latest Collapse: a Government Retreat - Wall Street Journal July 28, 2015
      Wall Street JournalBehind China Market's Latest Collapse: a Government RetreatWall Street JournalHONG KONG—When investors in China's main stock market saw shares in the country's biggest oil company slide on Monday, they sensed Beijing had—at least temporarily—given up. In their scramble to prop up the market in recent weeks, ...and more »
    • China's Stock Response Has No Public Face to Calm Turbulent Markets - Wall Street Journal July 28, 2015
      Wall Street JournalChina's Stock Response Has No Public Face to Calm Turbulent MarketsWall Street JournalBEIJING—Wanted in China: a reassuring face to tell panicking investors that everything will be all right. Since China's stock boom turned bust more than a month ago, the Chinese government has put out measure after measure to stanch the bleeding
    • China conducts air, sea drills in South China Sea - Reuters July 28, 2015
      The GuardianChina conducts air, sea drills in South China SeaReutersThe live-ammunition drills involved more than 100 ships, dozens of aircraft, information warfare units as well as the nuclear force, the state-backed China Military Online said in a report posted on the defense ministry's website. It did not specify ...What's behind Beijing's
    • In Ethiopia, Obama and the United States stand in China's long shadow - Quartz July 28, 2015
      QuartzIn Ethiopia, Obama and the United States stand in China's long shadowQuartzWhile the president is beloved on the continent, he and the US are increasingly competing with China for influence. Delegates listening to Obama may be reminded of another speech given at the African Union last year. Then, Chinese premier Li Keqiang ...A Chinese state newsp