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China News 08/2015



Mega Events: Qatar is too hot, Beijing has no snow
2022 is promising to be the year of mega sporting events that potentially fly in the face of values professed by international sporting events and defy logic. Consensus is near unanimous that temperatures in Qatar are too high for a summer World Cup ...

China considers limiting third-party online payments
BEIJING, Aug. 1 (Xinhua) -- China's central bank has proposed limiting the size of transactions through third-party online payment systems like Alipay to ensure security for consumers' information and money. Under the proposal released for public ...

Another Look: Shanghai Expat's "White Collar Boxing" Reality TV Show Goes Live
In May, I profiled Shane Benis, an expat entrepreneur successfully building up an Asia white-collar boxing business from Shanghai, China Sports Promotion. Boxing's appeal in China is part of a broader increase in spending on entertainment and sports in ...

China has its own horrors to atone for
Japan's less-than-wholehearted remorse for its World War II-era atrocities has long been an unhealed wound in its relations with neighbors. The bruise is throbbing anew with the approach of August 15, the 70th anniversary of the announcement of Japan's ...

China to Close Beijing's Airports During Military Parade
Chinese authorities will close Beijing's two airports during a military parade next month to mark the end of World War II in Asia. The Civil Aviation Administration of China said in a statement Saturday that flights will be banned or diverted for three ...

China central bank official sees downward pressure on economy persisting: paper
BEIJING Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying. Chinese companies are not optimistic ...

China restricts drone, high-performance computer exports
BEIJING, Aug. 2 (Xinhua) -- Chinese tech companies will have to get official approval before exporting powerful drones or computers from August 15, as the government fears they could compromise national security. Under the new rule announced by the ...

Nepal expresses gratitude to China for support
KATHMANDU, Aug. 2 (Xinhua) -- Nepal appreciated the assistance of its northern neighbor China as a valued development partner and a reliable friend in the wake of the Diamond Jubilee commemoration of the establishment of diplomatic relations between ...

New border meeting venue: China extends an olive branch to India in Ladakh ...
New border meeting venue: China extends an olive branch to India in Ladakh ...

Capital outflows reignite debate between China bulls and bears
China's foreign exchange reserves have dropped for four straight quarters, leading to a fresh round of warnings about capital outflows. Interpreting capital flows has long been a favourite parlour game for Chinese economy watchers. An analyst's view on ...

China's Sun wins 3rd straight world title in 400 freestyle
KAZAN, Russia — Sun Yang of China has won the first gold medal of pool swimming at the world championships in Russia. The current Olympic champion won the men's 400-meter freestyle in 3 minutes, 42.58 seconds on Sunday night, his third consecutive ...

China's Expanding Reach And Growing Influence In Central & Eastern Europe
For the past couple of years, while everyone has been watching Vladimir Putin's moves in Eastern Europe, China has been making increasing economic inroads on Russia's periphery. Its economic dominance of Moscow's traditional backyard, Central Asia, ...

With Growth Target at Risk, China Lays Ground for Fresh Spending
A worker places collected waste on a tricycle at a commercial building construction site in Beijing. Photographer: Tomohiro Ohsumi/Bloomberg. Don't Miss Out — Follow Bloomberg On. Facebook · Twitter · Instagram · YouTube. Sign up for email and ...

PRESS DIGEST-China - Aug 3
August 3 Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy. SECURITIES TIMES. - Citic Securities no longer owns a stake in the fund ...

China's Airbnb Valued at More Than $1 Billion After Funding
Tujia.com has raised $300 million at a valuation of more than $1 billion, as the Chinese vacation rentals site often compared with Airbnb Inc. pursues financing to bankroll a global expansion. All-Stars Investment Ltd. led the latest round of financing ...

China Swaps Drop as Manufacturing Gauges Increase Stimulus Bets
China's interest-rate swaps fell for the first time in four days as signs of slowing manufacturing fueled speculation the authorities will take more steps to stimulate the economy. A factory index for July released Monday by Caixin and Markit Economics ...

Inside the Life of China's Most Famous Actress
It was 2008 when Californian photographer Rian Dundon, while working as a freelance editorial photographer in Beijing, learned about an unexpected job opportunity: tutor Chinese actress and pop singer, Fan Bingbing. Fan is well accustomed to being in ...

China bureau probing controversial Shaolin Temple abbot
BEIJING — Chinese authorities are investigating allegations of misbehavior made online against the controversial abbot of China's famed Shaolin Temple. The religious affairs bureau under the Denfeng city government says it was asked by the national ...

Worker Loses Foot in China's Third Escalator Accident in a Week
Doctors were forced amputate a man's foot and part of his leg after it was shredded in a mall's escalator — the third such incident in China in less than a week. The 35-year-old was cleaning the device in Shanghai's Changning district when his leg ...

Beijing to use odd-even traffic ban for large August events
BEIJING, Aug. 3 (Xinhua) -- Beijing will ban half of all cars from the road from Aug. 20 to Sept. 3 to ease traffic during the IAAF World athletics championships and the World War II victory parade. Cars will be allowed on alternating days based on odd ...

China Seeks Businessman Said to Have Fled to US, Further Straining Ties
LOOMIS, Calif. — China is demanding that the Obama administration return a wealthy and politically connected businessman who fled to the United States, according to several American officials familiar with the case. Should he seek political asylum, he ...

Letting China's Bubble Burst
NEW YORK -- The problems with China's economic growth pattern have become well known in recent years, with the Chinese stock market's recent free fall bringing them into sharper focus. But discussions of the Chinese economy's imbalances and ...

Hutong passageways of Beijing lead back to old China
A woman sells fruit and produce from a traditional market in a hutong. (Jerome Levine, Chicago Tribune). See more galleries. By Irene S. Levine Chicago Tribune. Asia · China. Passageways of Beijing are like time tunnels back to old China. First-time ...

Malaysia seeks amicable solution for China sea dispute
From left to right, Myanmar's Foreign Minister Wunna Maung Lwin, Philippine Foreign Secretary Albert del Rosario, Singapore's Foreign Affair Permanent Secretary Chee Wee Kiong, Thailand's Foreign Minister Tanasak Patimapragorn, Vietnam's Foreign ...

Newborn baby pulled from toilet in Beijing
Police are searching for the mother of a newborn baby girl found wedged face-down in a Beijing toilet on Sunday. Residents heard cries from a public toilet block and notified police, according to the Beijing Times. "Her head was upside down and her ...

Weak oil prices, China worries drag Wall Street lower
U.S. stocks added to their losses on Monday as oil prices touched a six-month low and data showed the U.S. economy lost some momentum at the end of the second quarter. The ATHEX index ended the day down 16.23 per cent, its biggest ever drop, to stand ...

China's First Heavy chairman commits suicide amid anti-graft probe – Xinhua
BEIJING (Reuters) – The chairman of China First Heavy Industries committed suicide while the heavy machine maker was under investigation by the country's anti-graft watchdog, the official Xinhua news agency said on Tuesday. Wu Fusheng, 51, was found ...

China group to salvage South Korea's sunken ferry
SEOUL, South Korea (AP) — South Korea said Tuesday that it had agreed to a 85.1 billion won ($73 million) deal with a Chinese-led consortium to salvage a ferry that sunk in an accident that killed more than 300 people in April last year. The formal ...

Public welcome Winter Olympics: Beijing mayor
BEIJING, Aug. 4 (Xinhua) -- Beijing's mayor has refuted claims that the Chinese public are unenthusiastic about the Winter Olympics, saying they welcome the chance to host the event in 2022 and expect to benefit from it. Beijing won the bid to host the ...

Shenzhen Confers 'Green Hat' on Jaywalkers Caught in the Act
In China, where traffic signals are often regarded as suggestions rather than directives, police officers can have a tough time wrangling wayward pedestrians. One Chinese city has sought to tackle the problem by making offenders wear green vests and ...


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