Yahoo! News: World - China

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• Reporters Without Borders names press 'predators' (AP)
• NKorean leader reportedly visiting China (AP)
• China raises required reserves as inflation stirs (Reuters)
• Egypt signs $2B refinery deal with China (AP)
• China's central bank hikes banks' reserve minimum (AP)

Reporters Without Borders names press 'predators' (AP) Posted: 03 May 2010 01:40 PM PDT AP - Media advocacy group Reporters Without Borders on Monday put Russian Prime Minister Vladimir Putin and Chinese President Hu Jintao on its annual list of press freedom "predators."

NKorean leader reportedly visiting China (AP) Posted: 03 May 2010 06:57 AM PDT AP - Reclusive North Korean leader Kim Jong Il arrived on a luxury 17-car train in China on Monday, reports said, in what would be his first journey abroad in years as his regime faces a worsening economy and speculation it may have torpedoed a South Korean warship.

China raises required reserves as inflation stirs (Reuters) Posted: 03 May 2010 06:10 AM PDT Reuters - China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.

Egypt signs $2B refinery deal with China (AP) Posted: 03 May 2010 02:46 AM PDT AP - Egypt's oil ministry says it has signed a memorandum of understanding with two Chinese companies to build a $2 billion refinery that would be the largest such plant in the Arab nation.

China's central bank hikes banks' reserve minimum (AP) Posted: 02 May 2010 08:41 PM PDT AP - China has ordered banks to raise the amount of money they hold in reserves for a third time this year in a new effort to dampen inflation pressures in the world's third-largest economy.

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