Language : English 简体 繁體
Media Report
June 23 , 2015
  • "Expectations are low as top officials of the United States and China prepare for an annual meeting here on Tuesday. Yet the fact that the two nations are talking at all is seen as positive at a time when they seem as far apart as ever, not least after the recent discovery that hackers linked to China have stolen the personal data of millions of federal workers. The cyberattacks are certain to charge the atmosphere at the seventh such gathering, known as the U.S.-China Strategic and Economic Dialogue. But that issue will share a lengthy agenda with discordant matters of trade and open markets, the value of China's currency, the treatment of American companies in China, Beijing's military buildup in the South China Sea and more," writes The New York Times.

  • Bloomberg reports, "China's stocks rallied in late trade after tumbling earlier, helping the benchmark index to its biggest intraday rebound in eight years. The Shanghai Composite Index rose 2.2 percent to 4,576.49 at the close after sinking as much as 4.8 percent in the morning session, a 312-point recovery that was bigger than any since June 2007. Financial companies were among the biggest gainers, with Ping An Insurance Group Co. and Industrial & Commercial Bank of China Ltd. climbing more than 4 percent. Mainland markets were closed Mondayfor a holiday. Tuesday's rebound followed a 13 percent tumble by the Shanghai gauge last week, the biggest since 2008, amid concern valuations were unsustainable and as initial public offerings diverted funds from existing equities. Margin positions on the city's bourse fell for the first time in a month on Friday."
  • Reuters writes, "a total of 26 government bodies and state-owned companies, including the official People's Daily newspaper, will be targeted in the next round of corruption inspections, the graft watchdog of China's ruling Communist Party said on Tuesday. They also include China Eastern Airlines, Anshan Iron and Steel, conglomerate China Resources, the Ministry of Transport and National Railway Administration, the watchdog said. As part of President Xi Jinping's sweeping crackdown on deep-seated corruption, the Central Commission for Discipline Inspection has pledged to inspect 'all important backbone state-owned firms and financial institutions' this year."
Calendar
News
Commentary
Back to Top