China Current Events

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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 […]

China Current Events: July 21

Chinese court upholds Ai Weiwei’s US$2.4 mil. tax fine A Chinese court on Friday upheld a US$2.4 million fine for tax evasion against the country’s most famous dissident, Ai Weiwei, after barring him from attending the hearing, in a case that critics accuse Beijing of using to muzzle the outspoken artist.  Read more China’s population […]

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 7

China reacts calmly to US after WTO auto complaint China on Friday urged the United States to ensure trade disputes did not harm overall economic ties, after Washington filed a WTO complaint over Chinese duties on imported American cars.  Read more In U.S.-China Car Clash, Obama Should Drive Harder President Obama is right to blast […]

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 […]

China Current Events: June 30

Plane hijacking foiled in restive western China Passengers and crew foiled a hijacking attempt by six people on a plane in China’s restive far-western Xinjiang region Friday, a regional airline and state media said.  Read more Shanghai ‘face-eater’ tries to chew off woman’s face According to local Chinese press, an intoxicated bus driver in Wenzhou […]

China Current Events: June 23

China manufacturing hits 7-month low: HSBC Chinese manufacturing activity hit a seven-month low in June, data from HSBC showed Thursday, putting pressure on Beijing to do more to boost the world’s second-largest economy.  Read more China behind N. Korea embargo breaches: UN A U.N. panel has found Chinese involvement in more than half of the […]

China Current Events: June 19

Chinese spacecraft docks with module A Chinese spacecraft carrying three astronauts docked with an orbiting module Monday, another first for the country as it strives to match American and Russian exploits in space.  Read more Chinese bank ‘owner’ highlights audacious mainland fraud In a China awash with fake iPhones, pirated DVDs and knockoff Louis Vuitton […]

Current Events in China: June 2

Exclusive: China arrests security official on suspicion of spying for U.S. A Chinese state security official has been arrested on suspicion of spying for the United States, sources said, a case both countries have kept quiet for several months as they strive to prevent a fresh crisis in relations.  Read more U.S. to improve strategic […]

Current Events in China: May 23

US military aircraft have fake parts from China: Senate report A report on counterfeit electronic parts published by the US Senate Armed Services Committee after a yearlong investigation uncovered about 1,800 cases of fake parts in US military aircraft, and more than 70% of 1 million suspect components can be traced back to China, reports […]

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    • China worries push Asia stocks, US futures lower - CNBC August 31, 2015
      CNBCChina worries push Asia stocks, US futures lowerCNBCAsian equity markets kicked off the first trading day of the week lower as investors monitored China's volatile markets and commentary from Federal Reserve officials. Reports by The Financial Times over the weekend that Beijing may halt large-scale ...and more »
    • Administration developing sanctions against China over cyberespionage - Washington Post August 30, 2015
      Administration developing sanctions against China over cyberespionageWashington PostThe Obama administration is developing a package of unprecedented economic sanctions against Chinese companies and individuals who have benefited from their government's cyber theft of valuable U.S. trade secrets. The U.S. government has not yet ...
    • China's Financial Undertakers Reporting Astounding Earnings - Forbes August 30, 2015
      China's Financial Undertakers Reporting Astounding EarningsForbesThursday, China Cinda Asset Management Co. reported that first-half net profits soared 47.7% year-on-year. Assets were up 20.9% from the preceding half, reaching 657.96 billion yuan ($108.1 billion). Cinda, formed in 1999 as part of the Chinese central ...and more »
    • Does China's Stock Market Have Further To Fall? - Forbes August 30, 2015
      ForbesDoes China's Stock Market Have Further To Fall?ForbesChina's ongoing stock market crash was one of the main reasons for the global market rout last week. Last month, I showed key technical levels to watch in the Chinese stock market to see if further bearish action was ahead. Those levels were broken to ...China: Credibility on the lineFinanc
    • China punishes 197 over stock market and Tianjin 'rumours' - BBC News August 30, 2015
      BBC NewsChina punishes 197 over stock market and Tianjin 'rumours'BBC NewsChinese authorities have punished 197 people for spreading rumours online about the recent stock market crash and fatal explosions in Tianjin, according to state news agency Xinhua. A journalist and stock market officials are among those arrested ...China to relocate almost 1
    • Warning Signs in US Presaged China's Stock-Market Plunge - Wall Street Journal August 30, 2015
      Wall Street JournalWarning Signs in US Presaged China's Stock-Market PlungeWall Street JournalLong before investors lost faith in the Chinese stock market, something seemed amiss at the ports of Long Beach and Los Angeles, where the stevedores and longshoremen process about 40% of U.S. trade with China. Jock O'Connell, a trade adviser in ...
    • China's Next Problem: Paying for Its Stock-Market Bailout - Wall Street Journal August 30, 2015
      Wall Street JournalChina's Next Problem: Paying for Its Stock-Market BailoutWall Street JournalChina's epic stock-market drops over the past week give the impression that Beijing may have given up on trying to prop up the market or is at least retreating to defend a lower level. The question is, what will the government do with all that stock ...Ch
    • Doubts about China's economic leadership sap confidence - U.S. News & World Report August 30, 2015
      U.S. News & World ReportDoubts about China's economic leadership sap confidenceU.S. News & World ReportThe Dow Jones industrial average has lost nearly 1,000 points since China's surprise move to devalue its currency Aug. 11. That step, in part an effort to align the yuan with market forces, was also seen by investors as a desperate bid to
    • Military parade to lift curtain on China's 'game-changing' missiles, fighter fleet - CNN August 30, 2015
      Military parade to lift curtain on China's 'game-changing' missiles, fighter fleetCNNTate Nurkin is the Senior Director, Strategic Assessments and Futures Studies with IHS Aerospace, Defense and Security. He is also a member of the World Economic Forum's Global Agenda Council on Nuclear Security. The views expressed here are solely ...and
    • Black Monday: The great fall of China - (blog) August 30, 2015 (blog)Black Monday: The great fall of (blog)This week, China, the world's second largest economy, suffered massive financial losses causing trillions of dollars to be wiped from global stock markets. On August 24, Chinese stocks suffered their steepest fall in one day, with Shanghai's main share ...and more »