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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    • China to relocate almost 1000 chemical plants in wake of Tianjin blasts - The Guardian August 30, 2015
      The GuardianChina to relocate almost 1000 chemical plants in wake of Tianjin blastsThe GuardianMeanwhile an amendment to China's air pollution law has been adopted in an attempt to clean up the country's toxic air pollution. The amendment, passed by the standing committee of the National People's Congress, requires that a standard for gasoline
    • Black Monday: The great fall of China - Aljazeera.com (blog) August 30, 2015
      Aljazeera.com (blog)Black Monday: The great fall of ChinaAljazeera.com (blog)This week, China, the world's second largest economy, suffered massive financial losses when trillions of dollars were wiped from the country's stock markets. On August 24, Chinese stocks suffered their steepest fall in one day, with Shanghai's main ...China threatens
    • China Places Cap on Local Government Debt - Wall Street Journal August 30, 2015
      Wall Street JournalChina Places Cap on Local Government DebtWall Street JournalBEIJING -- Chinese lawmakers have placed a 16-trillion-yuan ($2.5 trillion) cap on local government debt as Beijing looks for ways to address one of the major impediments to the world's second-largest economy. The Standing Committee of China's National ...Sex with undera
    • China free trade agreement 'undeniably good for Australia,' Julie Bishop says - ABC Online August 30, 2015
      ABC OnlineChina free trade agreement 'undeniably good for Australia,' Julie Bishop saysABC OnlineMr Oliver said he met with people involved in the free trade deal negotiations in China last year who told him they wrote labour mobility into the agreement. "They made very clear they wanted this, that this was a key part of the arrangement becaus
    • China ready to launch military power from artificial islands in South China Sea - Sydney Morning Herald August 30, 2015
      Sydney Morning HeraldChina ready to launch military power from artificial islands in South China SeaSydney Morning HeraldChina has won the first round of its contest for control in the South China Sea by completing construction of an archipelago of artificial islands, say senior Australian sources. And there is little that will stop China from winning the ne
    • China's Leadership Fans Smoldering Antipathy Toward Japan - New York Times August 30, 2015
      Sydney Morning HeraldChina's Leadership Fans Smoldering Antipathy Toward JapanNew York TimesBEIJING — By administrative order, dramas about resisting the Japanese wartime enemy will fill Chinese TV channels this week as China celebrates — including with a massive military parade — the victory over Japan 70 years ago. Combined with ...China is set to dis
    • China is growing at 'reasonable' pace despite pressures: Premier Li - Reuters August 30, 2015
      ReutersChina is growing at 'reasonable' pace despite pressures: Premier LiReutersLi said China would "enact more targeted and responsive macro-regulation to offset downward economic pressure, more robust reform and innovation efforts to energize the market, and more effective delivery to secure the positive momentum for growth".China Prem
    • Two things Trump gets right about China, sort of - Fortune August 29, 2015
      FortuneTwo things Trump gets right about China, sort ofFortuneMarco Rubio closed out the week by crowding into South Carolina to speechify on the Chinese threat. That felt appropriate, considering China itself launched the week by turning global markets upside down. Watch the remarks in reverse order — try Rubio ...Donald Trump Says 'China'Huffingt
    • China's minister defends intervention: 'We must take action' - CNNMoney August 29, 2015
      CNNMoneyChina's minister defends intervention: 'We must take action'CNNMoneyExpect the Chinese government not to sit still when its financial markets are falling apart. If there is "systemic risk to the financial system, we must take action," China's Vice Finance Minister Zhu Guangyao told CNN in an exclusive interview Friday.an
    • Consumer Anxiety in China Undermines Government's Economic Plans - New York Times August 29, 2015
      New York TimesConsumer Anxiety in China Undermines Government's Economic PlansNew York TimesBEIJING — In recent days, an advice column has circulated widely on China's most popular social media phone app. Titled “Guide on Safe Passage Through the Economic Crisis,” it is aimed at young Chinese urban professionals. Its nuggets of wisdom ...A Cunning