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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    • Exclusive: Secret NSA Map Shows China Cyber Attacks on US Targets - NBCNews.com July 30, 2015
      NBCNews.comExclusive: Secret NSA Map Shows China Cyber Attacks on US TargetsNBCNews.comA secret NSA map obtained exclusively by NBC News shows the Chinese government's massive cyber assault on all sectors of the U.S economy, including major firms like Google and Lockheed Martin, as well as the U.S. government and military. The map ...and more »
    • Ex-Military Leader in China Is Subject of Graft Inquiry - New York Times July 30, 2015
      New York TimesEx-Military Leader in China Is Subject of Graft InquiryNew York TimesHONG KONG — A former commander of the People's Liberation Army was expelled from the Chinese Communist Party and placed under investigation for graft crimes on Thursday, becoming the most senior military figure brought down in President Xi ...Chinese general Guo Boxiong a
    • China Blames US Military Actions for Tensions in the South China Sea - New York Times July 30, 2015
      Voice of AmericaChina Blames US Military Actions for Tensions in the South China SeaNew York TimesHONG KONG — A top Chinese official said Thursday that American military drills and surveillance flights in the South China Sea were threatening regional stability, a harsh assessment that seemed likely to heighten tensions between the two countries ...China Stag
    • In China Stocks, Late Jolts Are New Normal - Wall Street Journal July 30, 2015
      Wall Street JournalIn China Stocks, Late Jolts Are New NormalWall Street JournalFor now, they have identified two key factors: afternoon margin calls from lenders, which often prompt a wave of selling, and the looming presence of Chinese authorities. China has vowed to support the market by buying stocks, but investors have ...China stock regulator restricts
    • Corporate giants sound profits alarm over China slowdown - Financial Times July 30, 2015
      Financial TimesCorporate giants sound profits alarm over China slowdownFinancial Times“In Asia, the China market has clearly slowed,” said Akhil Johri, chief financial officer at United Technologies, the US industrial group at the company's earnings call last week. “Real estate investment, new construction starts and floor space sold ...and more »
    • Obama Orders Development Of Supercomputer To Rival China's 'Milky Way' - NPR July 30, 2015
      NPRObama Orders Development Of Supercomputer To Rival China's 'Milky Way'NPRPresident Obama has ordered the development of a supercomputer that is some 20 times faster than the world's current record-holder and is expected to go online by 2025. A machine at China's National University of Defense Technology in Guangzhou, ...and more »
    • Why China is not a global superpower — yet - Fortune July 30, 2015
      FortuneWhy China is not a global superpower — yetFortuneWhat do the fluctuations in China's capital market mean for the global economy? As can be seen in the recent stock market slide, capital markets outside of China were impacted, but quickly rebounded. Make no mistake, whatever happens in China certainly ...and more »
    • Some fear China's slide may crash the art market - CNBC July 30, 2015
      CNBCSome fear China's slide may crash the art marketCNBCChinese property company Dalian Wanda Group shelled out $20.4 million for one of Monet's masterpieces: "Bassin aux nympheas les rosiers." Chinese media mogul Wang Zhongjun paid $29.9 million for Picasso's "Femme au Chignon un Fauteuil," while an ...
    • In China, Michael Jordan does not hold the rights to his own name - Quartz July 30, 2015
      QuartzIn China, Michael Jordan does not hold the rights to his own nameQuartzThe real Michael Jordan has been defeated by his Chinese imitator after years of lawsuits. The 52-year-old basketball legend lost a trademark suit against Qiaodan Sports, a Chinese sportswear company based in southern Fujian province, after China's ...Michael Jordan Loses China
    • Fears over China's market crash are overblown - CNNMoney July 29, 2015
      CNNMoneyFears over China's market crash are overblownCNNMoneyThe stock market in China is notably different from other major trading floors. It is highly speculative and the bets placed by the retail investors who play there are unlikely to reflect broader economic and corporate trends; particularly when ...How China's stock market bubbled ... then