First thing China, August 22
Keywords: Foxxconn, Diaoyu Islands, Chinese e-shoppers, Online rumours, White-collar crime
Foxconn announces plan to build world's largest manufacturing base
Terry Gou, CEO of electronics manufacturer Foxcoon, told reporters Monday that the company has committed 100 million yuan (US$ 15.73 billion) for investment in a new state-of-the-art manufacturing base in Shanxi province over the coming five years. The new plant will specialise in production of precision parts and fixtures, lens modules, optical communication components, structural ceramic parts, precision cutters, aluminum alloy parts, and robots.
Senior PLA officials call for strong response against Japan
Professor with the People Liberation Army's National Defense University and air force Colonel Dai Xu, speaking to the nationalist Global Times tabloid published by party mouthpiece People's Daily, has dismissed recent grassroots efforts to defend China's claim to the Diaoyu Islands, and threatened that any forthcoming move by Japan to claim the island group will be met with a response from the Communist Party's navy and that Japanese ships will be seized. In the same article, PLA Major General Luo Yuan describes the dispute as a "people's war" at sea.
Chinese consumers spending large on foreign e-commerce sites
According to the Beijing News, research conducted by online payment platform PayPal has found that 11 per cent of Chinese online shoppers are haitao (海淘), consumers who prefer to shop using foreign e-commerce sites over their domestic Chinese counterparts. Approximately 180 million Chinese consumers currently fall into this demographic, says PayPal, which spent US$ 2.7 billion (17.165 billion yuan) on cross-border online purchases last year.
Online fake rape story spooks community
Police in Chongqing have fined a 17-year-old local woman for disturbing public order after she fabricated a story of a woman who was gang-raped in a field by three men and posted it online. Her fictional crime was convincing enough to spark panic among residents of the area and to come to the attention of police, who then began an investigation to determine the story's source.
NDRC used as cover in coal fraud scheme
Peng Gang, a man who posed as a National Development and Reform Commission official to swindle an investor out of 850,000 yuan (US$ 133,700) in 2010 with the promise to help him gain approval to purchase 1.5 million tonnes of steam coal was convicted of fraud earlier this month and sentenced to 10.5 years in prison and fined 11,000 yuan. Peng was arrested in February this year after his victim, surnamed Li, discovered in early 2011 that Peng's mobile phone number was no longer in use and contacted police.