Yahoo! News: World - China

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• Senator questions arms sales to Taiwan (Reuters)
• House lawmaker warns China on currency (Reuters)
• Don't rely on the performance of China's markets (FT.com)
• China must act soon on currency: US lawmaker (AFP)
• At least 42 dead in south China flooding (AFP)
• China's Insurance Market: Lessons from Taiwan (BusinessWeek)
• Blast at Chinese factory dormitory kills 7 (AP)
• China nuclear firm denies leak, admits tube cracks (AFP)
• U.S. seeks details on China-Pakistan nuclear deal (Reuters)
• Chinese screen reaches out for more foreign actors (AP)

Senator questions arms sales to Taiwan (Reuters) Posted: 16 Jun 2010 03:58 PM PDT Reuters - A senior U.S. senator said on Wednesday that U.S. arms sales to Taiwan were hurting closer ties with China and asked Defense Secretary Robert Gates what Beijing would have to do for the Pentagon to reconsider the transfers.

House lawmaker warns China on currency (Reuters) Posted: 16 Jun 2010 09:16 AM PDT Reuters - A top Democratic lawmaker on Wednesday urged China to quickly raise the value of its currency to avoid action from President Barack Obama's administration or frustrated members of Congress.

Don't rely on the performance of China's markets (FT.com) Posted: 16 Jun 2010 09:15 AM PDT FT.com - This has been an awful year for the Shanghai stock market. Volatile periods of sideways trading have alternated with vertiginous drops, leaving the SSE Composite index down 20 per cent for the year. Stock markets are supposed to react to economic expectations. Is the performance of the SSE predicting a Chinese economic collapse?

China must act soon on currency: US lawmaker (AFP) Posted: 16 Jun 2010 08:52 AM PDT AFP - China has until just after the Group of 20 summit late this month to change its much-criticized currency practices or face action by the US Congress, a powerful lawmaker warned Wednesday.

At least 42 dead in south China flooding (AFP) Posted: 16 Jun 2010 07:25 AM PDT AFP - At least 42 people have died and 36 are missing after torrential downpours in southern China triggered heavy floods, and authorities have warned of more rain to come, state media said Wednesday.

China's Insurance Market: Lessons from Taiwan (BusinessWeek) Posted: 16 Jun 2010 05:08 AM PDT BusinessWeek - The countdown to the moment when China's economy surpasses that of the U.S. seems a long way off. China's insurance market is poised to overtake the U.S.'s a lot sooner, possibly as early as 2020. The mainland life market almost doubled in size from 2006 to 2008, to over $80 billion, or roughly one-fifth the size of the U.S. life market. There's no reason to think growth will slow significantly. A look at the insurance industry's experience in Taiwan provides a good way to understand the Chinese insurance customers' buying behavior as the industry matures on the mainland.

Blast at Chinese factory dormitory kills 7 (AP) Posted: 16 Jun 2010 01:24 AM PDT AP - An explosion at a northern Chinese factory dormitory blamed on illegal explosives killed seven workers and injured one, the state news agency reported Wednesday.

China nuclear firm denies leak, admits tube cracks (AFP) Posted: 15 Jun 2010 10:05 PM PDT AFP - The operator of a nuclear power plant in southern China has acknowledged possible cracks in fuel tubes but, contradicting Hong Kong authorities, denied that any radiation had leaked out.

U.S. seeks details on China-Pakistan nuclear deal (Reuters) Posted: 15 Jun 2010 09:43 PM PDT Reuters - The United States was seeking clarification from China on its deal earlier this year to build two new civilian nuclear reactors for Pakistan, the State Department said on Tuesday.

Chinese screen reaches out for more foreign actors (AP) Posted: 15 Jun 2010 09:33 PM PDT AP - Along with men in fedoras and 1930s cars, the costume drama "Grassroots King" has a feature that nearly every Chinese TV show seems to require these days — a Western character.

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