Yahoo! News: World - China

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• China says "most" melamine-tainted milk destroyed (Reuters)
• Intel teams up with China's investment fund (AP)
• Obama to go ahead with Dalai Lama meeting: White House (Reuters)
• China raises bank reserve level to cool credit (AP)
• China Valves signs deal with Dongfang Electric (AP)
• China surprises with further rise in banks' reserves (Reuters)
• Cold may cut plans for New Year travelers in China (AP)
• China warns of snow storms on Lunar New Year (AFP)

China says "most" melamine-tainted milk destroyed (Reuters) Posted: 12 Feb 2010 05:28 PM PST Reuters - Most of the melamine-tainted dairy products which have resurfaced in China over the past few months have been destroyed, and none has hit shop shelves or been exported, state media said on Saturday.

Intel teams up with China's investment fund (AP) Posted: 12 Feb 2010 11:07 AM PST AP - Chip maker Intel Corp. said Friday that its investment arm will team with China's sovereign wealth fund to invest in new technology.

Obama to go ahead with Dalai Lama meeting: White House (Reuters) Posted: 12 Feb 2010 11:00 AM PST Reuters - President Barack Obama will go ahead with a meeting with the Dalai Lama on Thursday, the White House said on Friday, despite China's call for the planned talks to be scrapped.

China raises bank reserve level to cool credit (AP) Posted: 12 Feb 2010 10:49 AM PST AP - China moved to curtail bank lending Friday for the second time in a month in the latest effort to cool down its supercharged economy.

China Valves signs deal with Dongfang Electric (AP) Posted: 12 Feb 2010 10:02 AM PST AP - China Valves Technology will manufacture and install specialty valves for Dongfang Electric's power generation projects, the company said Friday.

China surprises with further rise in banks' reserves (Reuters) Posted: 12 Feb 2010 04:57 AM PST Reuters - China raised the level of reserves banks must hold for the second time this year on Friday, spooking financial markets on the eve of its New Year holiday by showing it was intent to curb lending and inflation.

Cold may cut plans for New Year travelers in China (AP) Posted: 12 Feb 2010 12:17 AM PST AP - Severe rain and snowstorms may create delays and dangerous road conditions for millions of travelers going home for the Lunar New Year this weekend, China's national meteorological bureau warned Friday.

China warns of snow storms on Lunar New Year (AFP) Posted: 11 Feb 2010 10:17 PM PST AFP - China on Friday warned that huge rain and snow storms would hit the north of the country this weekend on the eve of Lunar New Year, spelling potential travel chaos as millions head home by rail and road.

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