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Media Report
May 03 , 2016
  • The Associated Press reports: "Chinese manufacturing activity weakened further in April despite government stimulus, a survey showed Tuesday, indicating the economy has yet to rebound from a downturn....Beijing has tried to shore up slowing economic growth by boosting spending on public works projects, expanding credit and easing policies on real estate to encourage purchases. Some indicators improved in March but analysts warned that was unlikely to last. 'The fluctuations indicate the economy lacks a solid foundation for recovery and is still in the process of bottoming out,' Caixin's chief economist, He Fan, said in a statement. 'The government needs to keep a close watch on the risk of a further economic downturn.'"
  • BBC News reports: "China has launched an investigation into search giant Baidu after the death of a student who tried an experimental cancer therapy he found online. Wei Zexi, who died last month from a rare form of cancer, had sought the treatment from a hospital that came top of the list on his Baidu web search. Baidu has come under fire for allegedly selling listings to bidders without adequately checking their claims....The company told the BBC: 'We deeply regret the death of Wei Zexi and our condolences go out to his family.'"
  • Reuters reports: "China's ruling Communist Party is not trying to curtail internal debate or even criticism with rules banning 'baseless comments' but is simply trying to ensure no one is 'singing out of tune', President Xi Jinping has said....'The reason we demand party members and cadres not to make baseless comments is not so you can't raise opinions and suggestions or even critical opinions,' he said.'It's so that on important political principles, on issues of right and wrong (you) cannot sing out of tune with the party center and engage in political liberalism.'...Speaking more generally about corruption, Xi said the fight against the problem remained 'severe and complex'."
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