Yahoo! News: World - China

China's Baosteel to raise prices for first time since August: report (AFP) Posted: 25 Dec 2008 02:25 AM CST AFP - China's leading steel maker Baosteel will raise prices of major products in February, the first hike since August amid confidence that demand is growing, state media reported Thursday.

China to try using yuan as settlement currency in some foreign deals: report (AFP) Posted: 25 Dec 2008 01:58 AM CST AFP - China will use the yuan in transactions with neighbouring economies on a trial basis, state media said Thursday, calling it a potential first step to making it an international currency.

Hong Kong cardinal to retire next year (AP) Posted: 25 Dec 2008 12:57 AM CST AP - Cardinal Joseph Zen said the Vatican has approved his decision to step down as head of the Hong Kong diocese next year to spend more time monitoring Catholic churches in mainland China.

China detains 59 over 'subversive rumours' in Tibet: state media (AFP) Posted: 25 Dec 2008 12:09 AM CST AFP - China has detained 59 people accused of fabricating subversive rumours in Tibet, state media said Thursday, blaming forces allied to the Himalayan region's exiled Buddhist leader, the Dalai Lama.

Wolf captured near tourist part of Great Wall (Reuters) Posted: 24 Dec 2008 11:48 PM CST Reuters - A wolf has been captured by forestry workers near a part of China's Great Wall close to Beijing which is popular with tourists, state media said on Thursday.

China to let yuan be used in some export deals (AP) Posted: 24 Dec 2008 11:32 PM CST AP - China will launch a pilot project allowing its currency to be used in some international trade transactions, the government announced, a move aimed at shoring up the country's battered exporters.

China arrests 59 in Tibet for rumour-spreading: state media (Reuters) Posted: 24 Dec 2008 08:50 PM CST Reuters - Chinese authorities in the restive mountainous region of Tibet have arrested 59 people for spreading rumours and trying to stir up racial hatred and incite violence, state media reported.

Chinese dairy bankrupt after tainted milk scandal (AP) Posted: 24 Dec 2008 06:05 PM CST AP - A court has declared bankrupt the dairy at the center of China's deadly tainted milk scandal, one of the firm's owners said — a development lawyers said adds to concerns about how and when those sickened by the doctored products will be compensated.

Gas leak in China kills 17 (AP) Posted: 24 Dec 2008 06:27 AM CST AP - A gas leak at a steel plant near Beijing killed 17 people Wednesday, China's official Xinhua News Agency said.

Taiwan party labels 'panda diplomacy' propaganda (AP) Posted: 24 Dec 2008 04:00 AM CST AP - Legislative aides from Taiwan's pro-independence opposition donned panda suits Wednesday, part of a public relations effort by anti-China lawmakers to paint the mainland's panda gift as a stalking horse for its pro-unification agenda.

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