I keep an apolitical blog and generally maintain a low-information diet (the exception is tech news), so I don’t spend a whole lot of time trying to keep up with the news. I have a lot more time for work and pleasure that way, and I’m still able to stay on top of the important issues in the world.
Even so, I’ve come to recognize what a valuable resource Bill Bishop’s Sinocism is. You can sign up for the newsletter and get regular updates on all major issues facing China. I know more than one information junkie that reads every link in the newsletter, but for me, the headlines and blurbs are often enough. I click through when the articles especially interest me (and learn important new Chinese buzzwords from time to time too).