Media Report
- AP reports that China will hold seven-day military drills around disputed islands starting Tuesday, the maritime safety administration announced Sunday, ahead of an arbitration court ruling on its sweeping claims to the South China Sea. China is boycotting the case before The Hague-based Permanent Court of Arbitration in which the Philippines is challenging the validity of the nine-dash line that China uses to demarcate its claims to most of the South China Sea.The court has said it will make a ruling on July 12. China regularly holds military exercises in the South China Sea. The Maritime Safety Administration said the latest ones would be held from Tuesday to July 11. It gave coordinates that run from the east of China's Hainan Island and encompass the Paracel Islands, and said entering the area was prohibited.
- Bloomberg comments: "Predictions of a Chinese banking system bailout are going mainstream...Nine of 15 respondents in a Bloomberg survey at the end of last month, including Standard Chartered Plc and Commonwealth Bank of Australia, predicted a government-funded recapitalization will take place within two years. Among those who provided estimates of the cost, a majority said it will exceed $500 billion...Even as some analysts said a state recapitalization would put the banking system on a stronger footing, 80 percent of respondents predicted news of a rescue would weigh on Chinese markets -- dragging down bank stocks and the yuan while pushing up government borrowing costs and credit risk."
Calendar
- 2016-07-01 China’s Xi Warns Communist Party Not to Waver on Ideology
- 2016-06-30 Beijing slams South China Sea case as court ruling nears
- 2016-06-29 Donald Trump Vows to Rip Up Trade Deals and Confront China
- 2016-06-28 China's Li won't allow 'rollercoaster' markets after Brexit
- 2016-06-27 China a potential winner in Britain-EU breakup
- 2016-06-26 Chinese, Russian Presidents Criticize West for Weakening Global “Strategic Stability”
- 2016-06-24 The Brexit Result Will Have China Worried
- 2016-06-23 Indonesia’s Widodo Wades Into South China Sea Dispute
- 2016-06-22 US Calls on China, Rivals to Be Calm When Sea Ruling Issued
- 2016-06-21 Chinese Curb Cyberattacks on U.S. Interests, Report Finds
News
- Reuters Ahead of key court ruling, Beijing in propaganda overdrive
- Financial Times China moves to de-politicise management of state-owned enterprises
- Bloomberg China Postal Bank Defies Market Turmoil With $8 Billion IPO Plan
- Reuters We need to sell Britain to the world, Osborne says, eyeing China
- www.bbc.co.uk China incinerator plans lead thousands to protest
- Financial Times China's private sector misses out on credit boom
- Bloomberg Voith Sells Kuka Stake to China's Midea for About $1.3 Billion
- Reuters China to hunt for alien life with giant telescope
- New York Times Police Injured as Residents Protest Incinerator in China
- The Guardian China puts finishing touches to world's biggest radio telescope
- Reuters China to create new methods to evaluate 'new economy', official says
- Reuters China's summer harvest expected to produce 140 million tonnes of grain
- New York Times Apple Sued in China Over Showing of War Film From the 1990s
Commentary
- Forbes US Manufacturing Job Losses Show How Much Richer Chinese Imports Have Made Us
- Fortune China Soccer Boom Sparks Online Gambling Craze
- nationalinterest.org The US and Japan May Literally Start a War over Rocks in the South China Sea
- Forbes Dangerous Mistake: Taiwan Fires Killer Aircraft Missile Toward China
- www.huffingtonpost.com Don't Go To China, African Migrants Tell Fellow Citizens