Yahoo! News: World - China

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• China says "most" melamine-tainted milk destroyed (Reuters)
• Goldman Sachs economist sees China revaluing yuan (Reuters)
• China charges tycoon with financial crimes (AFP)

China says "most" melamine-tainted milk destroyed (Reuters) Posted: 15 Feb 2010 06:54 AM 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.

Goldman Sachs economist sees China revaluing yuan (Reuters) Posted: 15 Feb 2010 06:09 AM PST Reuters - China could be about to allow its currency to strengthen by as much as 5 percent to slow down the country's fast-growing economy, Goldman Sachs' chief economist was quoted as saying on Sunday.

China charges tycoon with financial crimes (AFP) Posted: 14 Feb 2010 10:35 PM PST AFP - A Chinese court has charged the founder of home appliance giant GOME -- once the country's richest man -- with bribery, insider trading and illegal business dealings, state media reported.

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