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Media Report
July 06 , 2015
  • Reuters：China stocks rise as Beijing's emergency moves brings some relief
    Reuters reports, "Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world's second-biggest economy. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank. The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen closed up 2.9 percent, while the Shanghai Composite Index .SSEC gained 2.4 percent. That represented a significant pullback, however, from an initial burst of euphoria that pushed both indexes up around 8 percent when trading began, raising questions about whether the rebound can be sustained."
  • The Associated Press：China to Snub Arbitration Hearing on Feud With Philippines

    "China is standing pat on its decision to reject arbitration by an international tribunal that will begin formal hearings this week to resolve a long-seething feud between Beijing and Manila over the South China Sea, the Chinese ambassador to Manila said Monday. The five-member tribunal starts hearings in The Hague on Tuesday to address China's contention that the arbitration body does not have authority to assume jurisdiction over Manila's complaint against Beijing. A high-level delegation that includes the Philippines' solicitor-general and the heads of the foreign, defense and justice departments, along with Washington-based lawyers hired by Manila, has flown to The Hague to argue the Philippines' case. The days long hearings are crucial because the Philippines' complaint against China could no longer be heard if the tribunal declares it has no jurisdiction over the case," writes the Associated Press.

  • CNN：Beijing issues travel warning after Turkey protests target Chinese
    CNN reports, "China's embassy in Turkey has issued a travel warning to its citizens after some tourists were "attacked and harassed" during anti-Chinese protests in Istanbul. The Chinese and Turkish governments are at odds over China's treatment of the Uyghurs, a predominantly Muslim ethnic group that live in China's far western Xinjiang province. In a statement on its website, the Chinese embassy told Chinese tourists to be aware of their safety and avoid going out alone. It also advised them not to get close to protesters or photograph them. At the weekend, there were a series of anti-Chinese protests in Istanbul in support of Uyghurs, during which some demonstrators were seen burning Chinese flags.
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