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 Shares Seesaw in Volatile Trading - Wall Street Journal July 28, 2015
      Wall Street JournalChina Shares Seesaw in Volatile TradingWall Street JournalChina's shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing's next steps to stem selling might be. The Shanghai Composite Index was down 0.8% at 3694.67 ...China's stock
    • China's Yuan Pushes Deeper Into Global Financial System - Wall Street Journal July 27, 2015
      Wall Street JournalChina's Yuan Pushes Deeper Into Global Financial SystemWall Street JournalChina's domestic stock market may be in turmoil but the country's currency, known as the yuan or renminbi, is making a seemingly relentless push deeper into the global financial system. The latest step: the London Metal Exchange, the world's large
    • Wall Street drops as China stock slump stokes growth fears - Reuters July 27, 2015
      ReutersWall Street drops as China stock slump stokes growth fearsReutersWall Street sank on Monday, with the Nasdaq losing almost 1 percent after the steepest decline in Chinese stocks in eight years increased concerns that cooling growth in the world's No. 2 economy could hurt China's trading partners. The Dow Jones ...US stocks follow China'
    • Why this Chinese stock plunge could be different - CNBC July 27, 2015
      CNBCWhy this Chinese stock plunge could be differentCNBCStocks account for only about 9 percent of household wealth in China, and major market indices are still higher on the year, so relatively few regular Chinese were severely burned by Monday's move. Still, the fallout from July's downturn—and the ...China's economy is getting sick. Will it
    • This is how bad China would have to get to stop Fed - CNBC July 27, 2015
      CNBCThis is how bad China would have to get to stop FedCNBCChina's stock market selloff is unlikely to slow the Fed's path to rate hikes, unless it creates an economic slowdown or deflationary spiral that slams the global economy. The Fed begins its two-day meeting Tuesday, but economists mostly expect little ...and more »
    • Chinese mother saves son seconds before falling to death inside escalator - CNN July 27, 2015
      CNNChinese mother saves son seconds before falling to death inside escalatorCNNChinese state media on Monday named the woman as 31-year-old Xiang Liujuan. Struggling with only her upper body above the metal structure, Xiang is seen pushing her son forward. The boy is quickly pulled to safety by a mall employee standing near the ...China aghast as woman crush
    • China growth fears crush oil and commodities - USA TODAY July 27, 2015
      USA TODAYChina growth fears crush oil and commoditiesUSA TODAYOil prices continued their steep slide Monday, with a barrel of U.S.-produced crude hitting a 52-week low of $47.20 a barrel as investors reacted to the biggest one-day stock sell off in China since 2007, and worries about an oil glut gained steam amid ...and more »
    • Monster Hunt movie sets China box office record - BBC News July 27, 2015
      BBC NewsMonster Hunt movie sets China box office recordBBC NewsFantasy comedy Monster Hunt has become the highest-grossing domestic film in China, state media said. Xinhua state news agency said that as of Sunday afternoon the film had earned 1.317bn yuan ($212m, £137m) since it opened on 16 July. The previous ...Monster Hunt breaks Chinese box office record
    • This move in China could be a big boon for game console makers - Fortune July 27, 2015
      FortuneThis move in China could be a big boon for game console makersFortuneIn January last year, China relaxed their ban by allowing “foreign-invested enterprises” to manufacture consoles inside Shanghai's Free Economic Zone. The government, however, emphasized that new rules would be drafted to govern the entry of consoles ...China eliminates all rest
    • As China's Global Footprint Grows, So Do Risks for Chinese Abroad - Wall Street Journal July 27, 2015
      Wall Street JournalAs China's Global Footprint Grows, So Do Risks for Chinese AbroadWall Street JournalBEIJING—Sunday's suicide truck bombing in Somalia killed a Chinese policeman and wounded three members of the Chinese embassy staff, illustrating the growing risks Chinese nationals face as the country's global footprint expands. The attack o