Yahoo! News: World - China

Hu, Bush hail 30 years of Sino-US ties: state media (AFP) Posted: 01 Jan 2009 02:27 AM CST AFP - Chinese President Hu Jintao and US counterpart George W. Bush have exchanged congratulations on the 30th anniversary of diplomatic ties and vowed even closer relations, state media reported.

Tough sentences in China over huge piracy ring, Microsoft says (AFP) Posted: 31 Dec 2008 11:42 PM CST AFP - A Chinese court has issued tough sentences to members of a huge software counterfeiting ring, which distributed more than two billion dollars' worth of fake Microsoft goods, the company said.

Taiwan echos China's call for end to hostilities (AFP) Posted: 31 Dec 2008 11:22 PM CST AFP - Taiwan on Thursday reacted positively to Chinese President Hu Jintao's call for a truce with the island, in a further sign of rapidly improving ties between the formerly bitter foes.

Scam artists sell 'forest' lands in barren northern China (AFP) Posted: 31 Dec 2008 10:06 PM CST AFP - A pair of Chinese forestry executives cheated thousands of investors out of 160 million dollars by selling off "timber lands" in a barren desert region, state-run Xinhua news agency reported on Thursday.

China milk boss admits delay in reporting danger: state media (AFP) Posted: 31 Dec 2008 10:05 PM CST AFP - The former boss of the company at the heart of China's tainted milk scandal has pleaded guilty to selling dodgy products and admitted she delayed reporting the danger, state media said Thursday.

China dairy boss delayed reporting quality issues (AP) Posted: 31 Dec 2008 06:44 PM CST AP - A former dairy boss in China's scandal over tainted milk blamed for the deaths of at least six babies and illnesses of nearly 300,000 others has pleaded guilty to charges that could lead to the death penalty, state media reported.

Tainted products: major scares involving China (AFP) Posted: 31 Dec 2008 11:13 AM CST AFP - The 'Made-in-China' brand has been tarnished repeatedly in recent years as Chinese consumer goods and food have been recalled around the world after being found to be unsafe.

Bahamas to build stadium with help from China (AP) Posted: 31 Dec 2008 10:26 AM CST AP - China is offering to help build a national sports stadium in the Bahamas.

UBS sells 3.4 billion share stake in Bank of China (AP) Posted: 31 Dec 2008 06:20 AM CST AP - UBS AG said Wednesday it has sold its stake in Bank of China in a deal estimated to be worth around $900 million.

China to boost railway spending by 80 percent (AP) Posted: 31 Dec 2008 05:56 AM CST AP - China will raise its spending on railway construction by 80 percent in 2009 to $87.9 billion as part of a stimulus plan to boost domestic demand, state media said Wednesday.

Chinese shares end 2008 down 65 percent (AP) Posted: 31 Dec 2008 04:33 AM CST AP - China's shares fell Wednesday amid concern about a worsening economic slump, ending 2008 down 65 percent — the market's worst ever annual performance — after global turmoil battered corporate profits.

China approves long-delayed 3G mobile licenses (AP) Posted: 31 Dec 2008 03:47 AM CST AP - China's Cabinet said Wednesday it has approved licenses for next-generation mobile phone services in a long-delayed step that is expected to trigger billions of dollars in equipment sales.

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