Yahoo! News: World - China

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• Summary Box: Chinese refiner Sinopec 1H profit up (AP)
• China may scrap death penalty for some crimes (AFP)
• Summary Box: China Construction Bank profit rises (AP)
• Tropical storm to lash south China and to bring more rain (Reuters)
• China's nine-day traffic jam stretches 100km (AFP)
• China Construction Bank profit up 27 percent (AP)
• China cleans up after flooding by N.Korea border (AFP)
• China may drop death penalty for economic crimes (AP)
• Rain batters China; 250,000 evacuated in flood (AP)
• Blackstone signs first major China housing deal (AFP)
• State-run China Cinda in talks to buy AIA stake (AFP)
• China's ZTE wins European mobile network contract (AFP)
• South Africa's Zuma looks to China to boost trade (Reuters)
• Blackstone, Great Eagle in China housing deal: report (Reuters)
• China ex-adviser: priority is to prevent slowdown (Reuters)

Summary Box: Chinese refiner Sinopec 1H profit up (AP) Posted: 23 Aug 2010 09:18 AM PDT AP - RESULTS: Sinopec, Asia's largest refiner by capacity, says its first-half profit rose nearly 7 percent thanks to rising demand, though it faces higher costs due to climbing crude oil prices.

China may scrap death penalty for some crimes (AFP) Posted: 23 Aug 2010 08:55 AM PDT AFP - China may eliminate capital punishment for some economic crimes as it moves to curb use of the death penalty in a country believed to execute more people than the rest of the world combined.

Summary Box: China Construction Bank profit rises (AP) Posted: 23 Aug 2010 08:51 AM PDT AP - GROWTH: State-owned China Construction Bank Ltd., the country's third-largest commercial lender, said its first-half profit rose 27 percent on a surge in fee-based businesses including credit cards and wealth management.

Tropical storm to lash south China and to bring more rain (Reuters) Posted: 23 Aug 2010 07:09 AM PDT Reuters - Southern China is bracing for heavy rain and strong winds from a new tropical storm heading its way, state media said on Monday, the latest in a series of severe weather which has killed nearly 3,000 people so far this year.

China's nine-day traffic jam stretches 100km (AFP) Posted: 23 Aug 2010 06:18 AM PDT AFP - Thousands of vehicles were bogged down Monday in a more than 100-kilometre (62-mile) traffic jam leading to Beijing that has lasted nine days and highlights China's growing road congestion woes.

China Construction Bank profit up 27 percent (AP) Posted: 23 Aug 2010 04:12 AM PDT AP - State-owned China Construction Bank Ltd., the country's third-largest commercial lender, said its first half profit rose 27 percent on a surge in fee-based businesses including credit cards and wealth management.

China cleans up after flooding by N.Korea border (AFP) Posted: 23 Aug 2010 02:44 AM PDT AFP - Workers in northeast China on Monday toiled to clean up the mess left by severe flooding that killed four people, forced 250,000 out of their homes and left parts of a city in North Korea under water.

China may drop death penalty for economic crimes (AP) Posted: 23 Aug 2010 12:46 AM PDT AP - China, which executes more people each year than any other country, said Monday it is considering dropping capital punishment for economic crimes.

Rain batters China; 250,000 evacuated in flood (AP) Posted: 22 Aug 2010 11:32 PM PDT AP - Flooding has forced the evacuation of more than a quarter-million people in northern China along its border with North Korea, state media said Monday.

Blackstone signs first major China housing deal (AFP) Posted: 22 Aug 2010 11:29 PM PDT AFP - US private equity giant Blackstone Group has signed a deal to make its first major investment in China's booming housing market, a report said Monday.

State-run China Cinda in talks to buy AIA stake (AFP) Posted: 22 Aug 2010 08:59 PM PDT AFP - China Cinda Asset Management is leading a mainland Chinese consortium bidding for a stake in American International Group's Asian arm, AIA, a report said Monday.

China's ZTE wins European mobile network contract (AFP) Posted: 22 Aug 2010 08:52 PM PDT AFP - Chinese telecoms equipment maker ZTE has won a 254-million-dollar contract to build a mobile network in Hungary, reflecting the company's growing strength in Europe, a report said Monday.

South Africa's Zuma looks to China to boost trade (Reuters) Posted: 22 Aug 2010 08:13 PM PDT Reuters - South African President Jacob Zuma, struggling with sluggish growth and worker discontent at home, seeks to boost trade on Monday on a trip to China, the last of the four "BRIC" economies he has visited in little over a year since taking office..

Blackstone, Great Eagle in China housing deal: report (Reuters) Posted: 22 Aug 2010 06:50 PM PDT Reuters - U.S. private equity firm Blackstone Group has agreed to a deal with Great Eagle to build high-end apartments in China, where the housing market is booming, the Financial Times said.

China ex-adviser: priority is to prevent slowdown (Reuters) Posted: 22 Aug 2010 05:53 PM PDT Reuters - China is unlikely to raise interest rates soon and is more likely to cut than raise banks' required reserves as Beijing aims to prevent a further slowdown in economic growth, former central bank adviser Li Yang said in remarks published on Monday.

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