China Current Events

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China Current Events: August 4

China jails Muslim Uyghurs on charges of inciting ‘holy war’ Courts in a restive region of west China with a large Muslim population have jailed 20 people for up to 15 years for using the Internet to incite separatism and “holy war,” state media said Thursday.  Read more China bans foreign remakes as it cracks […]

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 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 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 […]

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 […]

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 17

More than 900,000 affected in Chinese rainstorms Torrential rain last week affected about 750,000 people in central China’s Hunan province, the provincial flood control and prevention headquarters said on Monday.  Read more Philippines warns China fishermen to stay away The Philippines on Monday warned a large Chinese fishing fleet in the Spratlys to stay clear […]

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 […]

China Current Events: July 13

China’s new loans surge in June, raising inflation concerns China’s new yuan-denominated loans surged in June as the government moved to buoy the slowing economy, raising concerns that fast credit growth will push up inflation.  Read more ‘Mistress killer: the Chinese private eyes fighting the ‘moral bottom line’ The Shanghai ‘Mistress Killer’ speaks to Tom […]

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    • China fines British drugmaker GSK $489 million, jails ex-China head - Reuters September 19, 2014
      ReutersChina fines British drugmaker GSK $489 million, jails ex-China headReutersL 3 billion yuan ($488.8 million) for paying out bribes in what is a record penalty for China, state news agency Xinhua said on Friday. A court in Changsha has also sentenced Mark Reilly, the former head of GSK in China, and other GSK executives to ...China fines GSK $492M, jail
    • Alibaba's Jack Ma: From 'crazy' to China's richest man - USA TODAY September 19, 2014
      USA TODAYAlibaba's Jack Ma: From 'crazy' to China's richest manUSA TODAYA scrawny Ma, just over 5 feet tall, was rejected by KFC and other employers in his hometown of Hangzhou in east China. He believed in the Internet's business potential when few other Chinese did. Outlandish ideas earned him the nickname "Crazy Jack Ma.Tops
    • China Promises $20 Billion Investment In India, A New Road To Kailash ... - NDTV September 19, 2014
      NDTVChina Promises $20 Billion Investment In India, A New Road To Kailash ...NDTVNew Delhi: While the border dispute and need for a resolution dominated a joint press conference after Prime Minister Narendra Modi and Chinese President Xi Jinping held one-on-one talks today, the two countries have also announced several deals and ...India Presses China to Res
    • Li Na, Two-Time Major Winner, Is Retiring With Knee Woes - New York Times September 19, 2014
      TIMELi Na, Two-Time Major Winner, Is Retiring With Knee WoesNew York TimesLi's retirement comes just over three years after she triumphed at the 2011 French Open to become the first Chinese player, and the first Asian, to win a Grand Slam singles title. She added a second Grand Slam crown in January at the Australian Open, ...Li Na, China's Tennis
    • China set to win Asia gold pricing race with new exchange - Economic Times September 19, 2014
      Economic TimesChina set to win Asia gold pricing race with new exchangeEconomic TimesSINGAPORE/SHANGHAI: China launched a gold exchange open to foreign players for the first time on Thursday, putting the world's top bullion buyer on track to win a race to set the benchmark price in Asia. The launch of the Shanghai Gold Exchange's ...China Opens Gol
    • With China Coal Ban, Has Australia's Luck Run Out? - Businessweek September 18, 2014
      BusinessweekWith China Coal Ban, Has Australia's Luck Run Out?BusinessweekAustralia missed the Great Recession. While economies in other developed countries swooned as Lehman Brothers went under, the Lucky Country kept expanding, thanks largely to the apparently endless appetite in China for Australian iron, coal, and other ...Australia at sharp end of
    • How Much Can China Offer in Africa's Ebola Crisis? - Forbes September 18, 2014
      How Much Can China Offer in Africa's Ebola Crisis?ForbesWith a total pledge of $38 million, China's assistance has been dwarfed by the $175 million given by the United States. But that has not deterred the state media from highlighting China's role in reining in the epidemic. While emphasizing the heroism ...and more »
    • Apple's iPhone 6 still one license away from elusive China launch - Reuters September 18, 2014
      ReutersApple's iPhone 6 still one license away from elusive China launchReutersThe official Xinhua news agency said on Thursday that Apple's new iPhone had been given regulatory approval for use on domestic frequencies, but the phone cannot be sold in China until a key network license is granted. The Xinhua report did not ...Apple iPhone 6 one step
    • China's house prices fall further, economic gloom deepens - Reuters September 18, 2014
      ReutersChina's house prices fall further, economic gloom deepensReuters"Today's move sends a clear and strong signal, in our view, that the People's Bank of China is more convinced that it needs to make more effort to guide interest rates lower," Barclays said. It predicted two interest rate cuts of 25 basis points each ...China Cent
    • China's President Talks Trade in India as Troops Face Off at Border - Wall Street Journal September 17, 2014
      Wall Street JournalChina's President Talks Trade in India as Troops Face Off at BorderWall Street JournalNEW DELHI—Indian and Chinese security forces were locked in a confrontation on their countries' disputed border Wednesday as China's president arrived in India on a trip aimed at boosting economic ties between the two Asian giants. In the H