Yahoo! News: World - China

China reserves hit $1.95 trillion but growth slows (AP) Posted: 13 Jan 2009 03:53 AM CST AP - A state news agency says China's foreign reserves have risen to $1.95 trillion dollars but their rapid growth has slowed.

Chinese foreign minister begins Africa tour: govt (AFP) Posted: 13 Jan 2009 02:55 AM CST AFP - Chinese Foreign Minister Yang Jiechi has began a four-nation trip to Africa, according to the government, kicking off a traditional visit to build China's relationship with the continent.

Citi to reorganise China private banking, shut unit (Reuters) Posted: 13 Jan 2009 02:27 AM CST Reuters - Citigroup Inc will close its private banking unit in China, which targeted the country's growing ranks of millionaires, and fold the operations into its consumer banking arm as it streamlines its businesses, sources familiar with the situation said on Tuesday.

China shares fall on bleak profit outlook (AP) Posted: 13 Jan 2009 02:25 AM CST AP - Chinese shares fell Tuesday on unease about a bleak outlook for corporate profits and declines on Wall Street and elsewhere in Asia.

China's exports fall for second month amid crisis: state media (AFP) Posted: 13 Jan 2009 02:24 AM CST AFP - China's exports have fallen for a second month in December as the global crisis gnawed further into the nation's trade-dependent economy, according to the government, jeopardising millions more jobs.

Parents of sick kids to reject China's payout plan (AP) Posted: 13 Jan 2009 02:14 AM CST AP - More than 200 Chinese parents whose babies were sickened or killed by tainted milk plan to reject a government compensation scheme because it is limited and does not cover enough children, an organizer of the families said Tuesday.

Mass migration home starts for Chinese New Year (Reuters) Posted: 13 Jan 2009 02:14 AM CST Reuters - Millions of Chinese migrant workers have begun jamming train stations to buy tickets home for the Lunar New Year break, but millions of others will be relying on scalpers to get away for the year's most important holiday.

China's trade slump worsens in December (AP) Posted: 13 Jan 2009 01:10 AM CST AP - China's trade slump worsened in December as exports fell at their fastest rate in a decade, the government said Tuesday, aggravating a decline that has fueled a wave of layoffs and fears of unrest.

World Bank urges China to raise water prices to counter crisis (AFP) Posted: 12 Jan 2009 04:14 PM CST AFP - The World Bank urged China Monday to raise water prices to encourage people to use less water and to promote efficiency in a bid to prevent a "severe water scarcity crisis."

Carter urges Obama to work closely with China (AP) Posted: 12 Jan 2009 07:00 AM CST AP - Former U.S. President Jimmy Carter, whose administration formalized diplomatic ties with China 30 years ago, on Monday urged President-elect Barack Obama to find ways to work more closely with Beijing on global issues.

China steps up food inspections ahead of Spring Festival (AFP) Posted: 12 Jan 2009 05:12 AM CST AFP - China announced Monday it was stepping up food inspections ahead of the Spring Festival holiday in a bid to prevent safety scares following the nation's tainted milk scandal.

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