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Media Report
July 13 , 2015
  • CNN Reports, "Chinese authorities have detained and interrogated scores of human rights lawyers and activists nationwide, prompting condemnation from the U.S. government and international advocacy groups, according to a Hong Kong-based rights group. At least 106 lawyers, activists and their relatives have been taken into custody or questioned by police in ten Chinese cities over the past few days, according to the China Human Rights Lawyers Concern Group, a Hong Kong-based organization that monitors and promotes the rule of law on the mainland. At least 24 people remain in custody, the group says. The Chinese police defended the massive round-up, telling state media they targeted a 'criminal gang' suspected of illegally organizing paid protests."
  • "Chinese shares led Asian markets higher on Monday, gaining for a third straight session as Beijing's efforts to reverse a selloff appeared to be holding up. The Shanghai Composite Index climbed 2.4% to 3971.14, bringing its advance to 13% since Wednesday's close, although it remains down 23% from its June high. The smaller Shenzhen Composite Index rose 4.2% and the small-cap ChiNext gained 5.8%. Both are down about a third since June peaks.Helping the rebounds in Shanghai and Shenzhen was the resumption of trading of 355 stocks, of which 202 rose 10%, typically the limit for gains set by regulators, according to FactSet. Just six traded down 10%," writes The Wall Street Journal
  • Reuters reports, "China's exports rose for the first time in four months in June, providing fresh evidence that growth is stabilizing ahead of gross domestic product data this week. Overseas shipments rose 2.1 percent from a year earlier in yuan value, the customs administration said in Beijing on Monday, exceeding the median estimate in a Bloomberg survey for 1.2 percent growth. Imports dropped 6.7 percent, narrowing from the fall of 18.1 percent previously reported in May, leaving a trade surplus of 284.2 billion yuan ($45.8 billion). The improvement in exports provides a cushion for an economy weighed by a slump in investment growth that is putting Premier Li Keqiang's 2015 growth target of about 7 percent at risk. As monetary easing and fiscal stimulus stabilize demand, a stronger export sector may help prevent China's slowdown from deepening after a month-long stocks rout added to challenges."
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