Yahoo! News: World - China

China detains six suspected in milk scandal (Reuters) Posted: 06 Oct 2008 02:44 AM CDT Reuters - Chinese police have detained six people suspected of producing and selling melamine, the chemical at the center of the country's scandal over tainted dairy products, the official Xinhua news agency said.

China investigates landslide that buried village (AP) Posted: 06 Oct 2008 02:37 AM CDT AP - Chinese authorities launched an investigation Monday into an industrial landslide that buried a village in northern China, amid claims that officials initially downplayed the scale of the tragedy, a state news agency reported.

Iran bans Chinese milk products over health fears (AFP) Posted: 06 Oct 2008 02:11 AM CDT AFP - Iran has banned imports of Chinese milk products over a contamination scandal which has left thousands of babies ill in China, local media reported on Monday.

UBS lowers China 2009 GDP growth forecast to 8 percent (Reuters) Posted: 06 Oct 2008 02:09 AM CDT Reuters - UBS on Monday lowered its forecast for China's gross domestic product growth in 2009 to 8.0 percent from 8.8 percent, citing a much weaker global growth outlook and forecasts of a deeper and longer U.S. recession.

Chinese insurer to record $2.3B loss on Fortis (AP) Posted: 06 Oct 2008 01:26 AM CDT AP - China's Ping An Insurance Co. said Monday it will record a $2.3 billion loss on its stake in troubled European bank Fortis NV, in the biggest blow yet to a Chinese institution from the global credit crisis.

China dispatches 5,000 inspectors over milk scandal (AFP) Posted: 05 Oct 2008 11:27 PM CDT AFP - China has ordered more than 5,000 inspectors to be posted at its dairy factories, state media said Monday, as the tainted milk scandal continued to impact countries as far away as South America.

Ailing Fortis investment to hurt China's Ping An 2008 profits (AFP) Posted: 05 Oct 2008 10:57 PM CDT AFP - China's Ping An Insurance group warned its 2008 profits would be hit by 15.7 billion yuan (2.3 billion dollars) in losses from its investment in ailing Belgian-Dutch finance group Fortis.

Quake hits China's remote northwest; no casualties (Reuters) Posted: 05 Oct 2008 07:13 PM CDT Reuters - A strong earthquake hit China's remote northwestern region of Xinjiang early on Monday, but there were no immediate reports of casualties, state media said.

Report: 5.7 quake rattles northwestern China (AP) Posted: 05 Oct 2008 01:05 PM CDT AP - The U.S. Geological Survey says a magnitude 5.7 earthquake has struck a remote northwestern Chinese region.

China says new tests show milk free from melamine (AP) Posted: 05 Oct 2008 04:18 AM CDT AP - China's food safety watchdog says no traces of the industrial chemical melamine were found in new tests of liquid milk sold domestically, as officials seek to restore public trust in milk supplies.

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