Media Report
CNBC reports: "China's anti-graft watchdog said roughly 1.34 million lower-ranking officials have been punished since 2013 under President Xi Jinping's anti-corruption drive. Xi, who is preparing for a major Communist Party leadership conference later this month, has made an anti-graft campaign targeting "tigers and flies," both high and low ranking officials, a core policy priority during his five-year term. China is preparing for the 19th Congress later this month, a twice-a-decade leadership event where Xi is expected to consolidate power and promote his policy positions. Those punished for graft since 2013 include 648,000 village-level officials and most crimes were related to small scale corruption... While much of the country's anti-graft drive has targeted lower ranking village and county officials, several high-ranking figures have been taken down."
- The Hill reports: "Attorney General Jeff Sessions confronted Chinese government officials last week about an alleged cyberattack after a think tank's website crashed earlier this week. Sessions confronted Chinese officials on Wednesday after the Hudson Institute said their website was compromised before the organization was scheduled to host an event with an exiled critic of the Communist Party of China, a Justice Department spokesperson told The Wall Street Journal. A Justice Department spokesman told the publication that China has "pledged to cooperate." The conservative institute had allegedly foiled an attack originating from Shanghai days earlier that was aimed at shutting its website down, a spokesman told the Journal. The spokesman told the publication the website's problems were a result of maintenance issues, however a Wednesday event with Guo Wengui was cancelled. Chinese officials denied responsibility for the alleged cyberattacks in comments published by Reuters on Sunday."
- The Wall Street Journal comments: "Two years on from a dramatic crash in Chinese stocks, foreign investors are wading deeper into the country's markets. That's the tale told by data showing a sharp rise in the amount foreigners are plowing into China's two leading stock exchanges via the so-called Stock Connect trading links with Hong Kong. Northbound net inflows through the two trading schemes–from Hong Kong to Shanghai and Shenzhen–surged to 155.5 billion yuan ($23.4 billion) during the first nine months in 2017, surpassing the combined inflows of 2015 and 2016, according to data provider Wind Information Co. In September alone, net inflows reached nearly 21 billion yuan. China's solid economic growth and a rebound for the country's currency appear to have boosted foreigners' confidence in stocks there. The yuan has risen some 3% against the dollar this year despite a pullback to end September. Markets in China were closed last week for holiday."
Calendar
- 2017-10-06 U.S. defers China aluminum foil dumping decision
- 2017-10-05 High-level US-China Talks Focus on Immigration, Fugitives
- 2017-10-05 High-level US-China Talks Focus on Immigration, Fugitives
- 2017-10-04 Ivanka Trump's business in China shrouded in secrecy as public trade data disappears
- 2017-10-03 This week, half of China’s population is on the move
- 2017-10-02 Trump needs China on North Korea but he's doing it wrong: Baucus & Hass
- 2017-09-29 White House conducting wide-ranging review of China policy
- 2017-09-28 China orders North Korean business closed under UN sanctions
- 2017-09-27 Top US Diplomat Tillerson to Travel to China This Week
- 2017-09-26 If This Is a Trade War, China’s Winning
News
- The Hill Sessions asks China for answers on think tank cyberattack
- CNBC 1.34 million officials have been punished for graft since 2013, Chinese watchdog says
- Bloomberg China's Bumper Golden Week Is Leaving Investors Flat
- Reuters Germany, China lift world stocks, Spanish worries simmer
- CNBC China services sector growth falls to 21-month low in September: Caixin PMI
- ABC News China to allow some drugs based on foreign approvals
- Bloomberg China's Central Bank Could Adjust Policy Again, Goldman Sachs Says
- CNBC Cash is already pretty much dead in China as the country lives the future with mobile pay
- CNBC Cash is already pretty much dead in China as the country lives the future with mobile pay
- The New York Times Chinese Village Where Xi Jinping Fled Is Now a Monument to His Power
- Bloomberg Philippines Apologizes to China Over Wrong Taiwan Logo
- The Guardian All-conquering Xi: China heralds its leader in ecstatic Beijing exhibition
- Reuters China's oil giants brace for electric car crash
Commentary
- The Wall Street Journal Foreigners Flocking to Stocks in China
- China File Is China the Future of Bitcoin, or Its Past?
- Forbes Chinese Internet Shares On Fire, For How Long?
- China File Nearly Dead on Arrival
- China Law Blog China Employment Contracts: Localization is Key
- Tech Crunch Accelerating fintech in China
- Forbes How Blockchain Can Stamp Out China's Fake Diplomas