Category: CHINA

Eight people were killed and 17 injured in a mass stabbing at Wuxi Vocational Institute of Art and Technology in China’s Jiangsu province. The suspect, a 21-year-old student who failed his graduation exams, was arrested after attacking people at the school to “express his anger.” This incident follows recent violent episodes in China, including a fatal hit-and-run in Zhuhai that killed 35 people and injured 43 others.READ FULL

China’s youth unemployment rate hit 18.8% in August, the highest this year. The rate for 16-24 year-olds not in education rose from 17.1% in July. This increase follows a record 21.3% in June 2023, after which the government changed its reporting methodology. The surge is partly attributed to nearly 12 million university graduates entering the job market in June. President Xi Jinping has declared tackling youth unemployment a top priority amid broader economic challenges and lackluster growth in retail sales and industrial production.READ FULL

China successfully launched six new satellites into space on Friday from the Taiyuan Satellite Launch Center in Shanxi Province. The Jilin-1 Kuanfu 02B 01-06 satellites were carried by a Long March-2D rocket, which lifted off at 12:11 p.m. Beijing Time. The satellites successfully entered their preset orbits. This mission marks the 536th flight for the Long March carrier rocket series, demonstrating China’s continued progress in space technology and satellite deployment capabilities.READ FULL

China’s economic recovery shows signs of slowing, with industrial production growth weakening and unemployment rising in July. Despite government measures to boost the economy, challenges persist, including a property crisis and weak consumer confidence. Retail sales showed slight improvement, but the real estate sector continues to struggle. International trade tensions add to the hurdles facing the world’s second-largest economy. the daily star

China has strongly criticized the G7 statement, accusing it of being “full of arrogance, prejudice and lies” and slamming the group for its warnings over Beijing sending weapons components to Russia and its concerns about China’s industrial policies and activities in the South China Sea. China dismissed the statement as a “political tool” for Western hegemony.

China’s recovery in overseas travel from the COVID-19 pandemic is lagging expectations due to rising costs, currency devaluation, visa difficulties, and a preference for domestic and short-haul destinations. This delay in the revival of Chinese outbound tourism, the world’s top spenders pre-pandemic, is impacting travel-related companies, hotels, and retailers globally. While domestic travel in China hit a record during the May Day holiday, international flights remain 30% down compared to 2019 levels.