Econintersect: Here are a few news stories about China that will help you get ready for the coming week.
China Spacecraft Docks at Tiangong 1 Space Lab – econintersect.com
Three Chinese astronauts aboard the Shenzhou-10 spacecraft successfully dock with experimental space lab Tiangong-1. The 15-day mission will be the longest time Chinese astronauts have spent in space.
EU seeks WTO intervention on high China duty on steel imports – Big News Network.com – news.google.com
EU seeks WTO intervention on high China duty on steel imports
The European Union has approached the World Trade Organization for holding consultation with China over high tariffs imposed on imports of stainless steel pipes, in the latest of a series of disputes that has sparked fears of a trade …
Free exchange: Taking credit for nothing – http://www.economist.com/
In his work on China’s economy, Zhang Zhiwei observes what he calls the “5:30 rule”. That is not the time he clocks off each day: he is a hard-working economist for Nomura, a Japanese bank. But the rule does refer to a time of reckoning of sorts. Mr Zhang points out that several economies have suffered financial crises after their stock of credit grew by about 30% of GDP in a span of five years or less…
Week Ahead Economic Overview [17-21 Jun]: Flash PMIs updated for the US, China and the eurozone – http://www.markit.com/
We calculate the flash PMI data for June next week, publishing the results on Thursday for China, the eurozone and the US. May data showed China’s manufacturing PMI slipping below the 50.0 no-change level for the first time in seven months, but the eurozone’s downturn showed signs of easing. The region’s recession, nevertheless, looks likely to have dragged on for a seventh successive quarter…
Now That Murdoch Is Divorcing Wendi Deng, Will The WSJ Stand Up To China? – http://www.forbes.com/
Rupert Murdoch’s soon-to-be ex-wife Wendi Deng has links to Beijing and this may have influenced the Murdoch empire’s China coverage.
China Smog Measures Seen as Most Aggressive Yet by Deutsche Bank – http://www.bloomberg.com/
A Chinese government plan to fight air pollution announced last week marks the country’s “most aggressive” push to address smog to date, according to Deutsche Bank AG. The 10 measures, which include stricter controls on coal-burning emissions and road traffic, will push up the cost of burning the fuel, push energy consumers to use cleaner energy sources and result in more public-transport use.
‘HK laws apply to Snowden case’ – http://www.chinadaily.com.cn/
Hong Kong Chief Executive Leung Chun-ying said the Edward Snowden case will be handled according to local laws, a move observers said requires due respect for sovereignty of jurisdiction. Despite the sensitivity of the case, Washington was not expected to take any irregular steps and strain its relationship with Beijing, analysts said.
Chinese man claims he sent Kmart labour camp note – http://www.telegraph.co.uk/
When a US woman opened a box of Kmart decorations last October to find a note from a Chinese labour camp prisoner, the plea made unsettling headlines around the world. Now a Beijing man has claimed he sent the cry for help.
