Media Report
- Reuters reports: "Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012....The official version of the PMI survey for manufacturing slipped to 49.4 in January, from 49.7 the month before and short of forecasts of 49.6. While the miss was minor, the PMI for services also disappointed by easing to 53.5 and challenged hopes consumption would take over from industry as the driving force for the world's second-largest economy....Equity and bond markets globally had rallied on Friday after the Bank of Japan stunned many by cutting its rates into negative territory for the first time. That did not stop January from being the worst month since October 2008 for China's stock markets, with 12 trillion yuan ($1.8 trillion) sliced off the value of its benchmark indexes."
- The Washington Post reports: "China strongly condemned the United States after a U.S. warship deliberately sailed near one of the Beijing-controlled islands in the hotly contested South China Sea to exercise freedom of navigation and challenge China's vast sea claims. The missile destroyer USS Curtis Wilbur sailed within 12 nautical miles (22 kilometers) of Triton Island in the Paracel chain 'to challenge excessive maritime claims of parties that claim the Paracel Islands,' without notifying the three claimants beforehand, Defense Department spokesman Mark Wright said Saturday in Washington....The U.S. has claimed the attempts to restrict navigational rights by requiring prior notice are inconsistent with international law and pledged to regularly carry out similar maneuvers....China's official response has been restrained compared to the public outrage seen online, according to Xinhua."
- The New York Times reports: "A Chinese online finance company bilked investors out of more than $7.6 billion, spent lavishly on gifts and salaries and buried the evidence, according to local authorities who described the operation as an enormous Ponzi scheme....Chinese officials say that the online company, Ezubao, once a dynamo of the industry, offered mostly fake investment products to its nearly one million investors, according to the state-run Xinhua news agency. The authorities arrested 21 people in Anhui, the eastern Chinese province where Ezubao is based, and closed some of the platform's operations, the agency reported on Sunday....The Xinhua report said that suspects had placed about 1,200 documents and other pieces of evidence related to the scheme in 80 bags and had buried them six meters, or nearly 20 feet, underground at a site on the outskirts of Hefei, the capital of Anhui Province."
Calendar
- 2016-01-31 China Strongly Condemns US for Sending Warship Near Island
- 2016-01-29 As the rest of the world dumps Chinese stocks, some wade in
- 2016-01-28 Taiwan President Visits Island in Disputed South China Sea
- 2016-01-27 China backs U.N. move to denounce North Korea over nuclear test
- 2016-01-26 China Stocks Plunge to 13-Month Low Amid Capital Outflow Concern
- 2016-01-25 John Kerry in Asia to Press China on North Korea Nuclear Test, South China Sea
- 2016-01-24 Kerry to Press China Over North Korea, Urge ASEAN Unity Over South China Sea
- 2016-01-22 Falling Pollution from China Could Hasten Peak Carbon
- 2016-01-21 Survey of U.S. companies in China finds that not all's well
- 2016-01-20 Capital Flight from China Worse Than Thought
News
- Reuters China shares fall as economic pulse slows
- The Washington Post China strongly condemns US for sending warship near island
- The New York Times Online Lender Ezubao Took $7.6 Billion in Ponzi Scheme, China Says
- Bloomberg Business The Battle for the Yuan: How China's Big Mama Hurt Speculators
- The New York Times Honing Skills in U.S., a Group of Teenagers Is Fueling China's Hockey Shift
- The Wall Street Journal Currency War: U.S. Hedge Funds Mount New Attacks on China's Yuan
- The New York Times U.S. Challenges China's Claim of Islands With Maritime Operation
- Bloomberg Business China Arrests Ezubo Executives in $7.6 Billion P2P Fraud Case
- CNBC Asia close mixed after data shows January fall in China factory activity
- Reuters Yen steadies as post-BOJ risk rally stalls on China weakness
- BBC China pastor Gu Yuese investigated for corruption
- The Wall Street Journal U.S. Stocks Slip as Oil Prices Slide, China Data Disappoints
- Reuters Oil falls 4 percent on China data, fading prospect of OPEC action
- The Washington Post How China now threatens one of the world's greatest success stories
Commentary
- Forbes Undermining America While Washington Sleeps: China In Latin America
- The New York Times Light Government Touch Lets China's Hui Practice Islam in the Open
- The Washington Post Taiwan kicked out its ruling party for getting too close to mainland China. Here's what comes next.
- The Wall Street Journal: China Real Time U.S. Warship Sails Near Island Claimed by China
- The National Interest Why China and America Don't See Eye to Eye on North Korea
- The Washington Post Why critics of China aren't safe anywhere
- The Wall Street Journal: China Real Time Economists React: China's January Factory Data Signals Tough Year Ahead