China Current Events

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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 […]

China Current Events: July 27

Gu Kailai poisoned Neil Heywood ‘after he threatened her son’ The wife of one of China’s most senior political leaders has been charged with murdering the British businessman Neil Heywood over his alleged threat to her son’s “personal security”, state media announced yesterday.  Read more China develops attack copter, denies piracy allegations China today confirmed […]

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 24

Beijing rains kill 37, raise debates As China’s flood-ravaged capital dealt with the aftermath of the heaviest rain in six decades Monday, including the deaths of 37 people, questions were being raised about whether the city’s push for modernization came at the expense of basic infrastructure such as drainage networks.  Read more CNOOC to buy […]

Current Events in China: July 20

China reprimands Russia for alleged attack on Chinese fishing boats Chinese Vice Foreign Minister Cheng Guoping on Thursday expressed strong dissatisfaction with Russia over an alleged attack on a Chinese fishing vessel, which has left a fisherman missing.  Read more China pledges US$20 bil. credit to African nations Chinese President Hu Jintao on Thursday pledged […]

Current Events in China: July 4

China rushes surveillance ships to islands claimed by Vietnam Amid rising tensions between China and its neighbours over the disputed territories in the South China Sea, Beijing today sent four surveillance ships to the area also claimed by Vietnam after spotting a foreign fishing vessel there.  Read more China protest against alloy plant enters third […]

Current Events in China: July 3

Sichuan Protest Turns Violent Police in southwestern Sichuan province deployed tear gas against residents protesting a planned molybdenum copper plant in the latest case of environmental activism facing at times violent resistance from authorities.  Read more China confirms H5N1 bird flu outbreak in Xinjiang China’s northwestern Xinjiang Uygur autonomous region has reported an outbreak of […]

Current Events in China: July 2

Hong Kong protests as Leung takes helm A pro-democracy heckler interrupted a speech by Chinese President Hu Jintao at the swearing-in of Hong Kong’s new leader Sunday and tens of thousands of residents marched to protest Chinese rule on the 15th anniversary of the Asian financial hub’s return to Beijing’s control.  Read more Manufacturing falls […]

Current Events in China: May 25

Chen Guangcheng’s brother flees guarded village The brother of the blind lawyer Chen Guangcheng has become the second member of the family to escape from their heavily guarded village in northern China.  Read more U.S. soldier, two Chinese charged with smuggling guns to China A member of the U.S. National Guard and two Chinese citizens […]

China Current Events: May 19

Home prices decrease in over half of large Chinese cities Prices for new homes in China fell in more than 60 percent of major cities in April from March, the government said Friday, as moves to curb the property market took effect.  Read more China’s most-wanted man jailed for life over £3 billion fraud China’s […]

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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 ...