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Michael A. Katz

China Arrests 44,000 on Drug Charges in Two Months of Crackdown

Dec 14, 2014 11:51 AM EST

Over the past two months police in China have arrested an estimated 44,000 people on drug charges, and confiscated more than 21 tons of narcotics in the country's ongoing war on drugs.

'Clandestine Chinese Mint' Made Counterfeit Euros Seized in Italy

Michael A. Katz |

Dec 12, 2014 09:07 PM EST

Italian police arrested 12 people, including four Chinese nationals, after confiscating 556,000 euros ($692,000) worth of fake euro coins that were made in China. It it the largest seizure of counterfeit euro coins ever.

China Bans National Anthem at Weddings, Funerals

Michael A. Katz |

Dec 12, 2014 06:16 PM EST

The Chinese government has announced that the country's national anthem is not to be performed at weddings, funerals or in commercial arenas.

Don’t Panic, But Most Online Rumors Are Intended to Create Panic

Michael A. Katz |

Dec 12, 2014 01:49 PM EST

A newly released report on rumor spreading in China found that the majority of online rumors are started for the sole purpose of causing fear or creating panic among the public.

Chinese Firms Buy Up Major Australian Companies

Michael A. Katz |

Dec 12, 2014 07:08 AM EST

China Communications Construction International (CCCI) is buying John Holland for A$1.15 billion ($951 million), and ID Leisure International Capital has acquired cinema chain The Hoyts Group for A$900 million ($743 million).

Police: More Than 100 Vietnamese Brides Vanish in China

Michael A. Katz |

Dec 12, 2014 05:57 AM EST

Police in China have launched an investigation to locate more than 100 Vietnamese women who have vanished in China's northern province of Hebei.

Liu Tienan Jailed for Life, Brought Down by Mistress

Michael A. Katz |

Dec 10, 2014 06:08 PM EST

China sentenced the former deputy chief of the country's top economic planning body to life in prison for accepting bribes of 35.58 million yuan ($5.8 million) over a span of 10 years.

Bank of China to Acquire NYC Office Building for $600 Million

Michael A. Katz |

Dec 09, 2014 08:57 PM EST

The Bank of China is buying a 28-story office building at 7 Bryant Park in Midtown Manhattan in New York City for almost $600 million.

China Boasts its J-31 Stealth Fighter Can Shoot Down U.S.-Made F-35

Michael A. Katz |

Dec 09, 2014 02:33 PM EST

Aviation Industry Corp of China's (AVIC) J-31 stealth fighter. Lin Zuoming, president of AVIC, says the plane could take down a U.S.-made F-35: "That's a certainty."

Shanghai Stock Market Takes Nosedive, Sees Biggest One-Day Loss in Five Years

Michael A. Katz |

Dec 09, 2014 09:43 AM EST

Just days after breaking through the 3,000-point barrier for the first time since 2011, the Shanghai stock market plunged in its biggest one-day percentage decline in five years.

Shanghai Index Breaks 3,000-Point Barrier for First Time Since 2011

Michael A. Katz |

Dec 08, 2014 05:04 PM EST

The Shanghai Composite gained more than 2 percent Monday, pushing the benchmark above the 3,000-point barrier for the first time in almost four years.