Yahoo! News: World - China

China firms to compensate tainted milk victims: report (Reuters) Posted: 27 Dec 2008 02:52 AM CST Reuters - Chinese dairy firms that sold baby formula tainted with the industrial chemical melamine will pay compensation to the families of nearly 300,000 children who were killed or sickened as a result, state media reported.

Blast in central China leaves 15 dead; 9 injured (AP) Posted: 27 Dec 2008 01:11 AM CST AP - An explosion in central China's Henan province killed 15 people and injured nine others Saturday.

China adds 32 deaths to dismal work safety statistics (AFP) Posted: 27 Dec 2008 12:47 AM CST AFP - Thirty-two people have died in two separate accidents in China, as explosives went off in a rural area while a lift crashed on an urban building site, highlighting the nation's poor work safety record.

At least 17 dead in Chinese lift accident: state media (AFP) Posted: 26 Dec 2008 11:54 PM CST AFP - At least 17 people were killed when a lift crashed to the ground at a construction site in central China, state media reported.

China's foreign debt soars: state media (AFP) Posted: 26 Dec 2008 11:49 PM CST AFP - China's foreign debt has increased by more than 18 percent in the first nine months of the year, with short-term debt rising especially fast, according to state media report.

Elevator accident leaves 17 dead in central China (AP) Posted: 26 Dec 2008 11:28 PM CST AP - State media says at least 17 workers have been killed and one seriously injured when an elevator suddenly dropped to the ground at a construction site in central Hunan province.

China explosion, lift collapse kill at least 32 (Reuters) Posted: 26 Dec 2008 11:26 PM CST Reuters - An explosion rocked a Chinese village and a construction lift plummeted to the ground in a provincial capital on Saturday, killing at least 32 people, the official Xinhua news agency said.

China to offer incentives to scrap old cars: state media (AFP) Posted: 26 Dec 2008 08:45 PM CST AFP - China plans to offer incentives for car owners to scrap their old models in favour of new ones, in a bid to lift the auto industry as it enters a period of crisis, according to state media.

China tainted milk trial begins (Reuters) Posted: 26 Dec 2008 08:36 AM CST Reuters - China has put six people on trial for their part in a tainted milk scandal that killed at least six children and made hundreds of thousands of others ill, Xinhua news agency reported on Friday.

China, Taiwan sign oil cooperation deals (AP) Posted: 26 Dec 2008 08:06 AM CST AP - China National Offshore Oil Corp., the country's largest offshore oil and gas producer, signed four oil cooperation agreements Friday with Taiwan's CPC Corp., state media reported.

Thousands evacuated after quakes hit China (Reuters) Posted: 26 Dec 2008 07:46 AM CST Reuters - Two earthquakes jolted China's southwestern province of Yunnan early on Friday, injuring nine people and forcing the evacuation of tens of thousands of people, state media said, citing local authorities.

Nearly 5,000 officials punished for corruption (AP) Posted: 26 Dec 2008 05:54 AM CST AP - Nearly 5,000 higher-level Chinese government officials were punished for corruption over the past year, state media reported Friday.

Blue Point to help China firms expand in U.S. (Reuters) Posted: 26 Dec 2008 05:34 AM CST Reuters - U.S. private equity fund Blue Point Capital Partners, which helps mid-sized firms in the United States invest in China, is eyeing new opportunities to help Chinese companies invest abroad, its Asia managing director said.

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