Yahoo! News: World - China

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• U.S. turns down China currency probes in two cases (Reuters)
• Fed approves sale of Morgan Stanley stock shares (AP)
• USW Criticizes Commerce Department's Decision Not to Cite China's Deliberate Undervaluation of Currency Countervailability (PR Newswire)
• US finds China unfairly helped aluminum industry (AP)
• U.S. turns down currency probes in two China cases (Reuters)
• Citigroup to hire up to 7,500 in China: report (Reuters)
• Dozens ill with dysentery in China, some from mudslide zone (AFP)
• China raises alarm over Yangtze environmental damage (AFP)
• GM expects competitive Chevy Volt pricing in China (Reuters)
• Wheat genome work just at initial stage: scientists (Reuters)
• Japan says too early to resume Korea nuclear talks (AP)
• HIV discrimination case filed in China (AP)
• EU foreign policy chief in China (AFP)
• China offers compensation to plane crash relatives (AFP)

U.S. turns down China currency probes in two cases (Reuters) Posted: 31 Aug 2010 03:14 PM PDT Reuters - The U.S. Commerce Department decided on Tuesday not to investigate whether China subsidizes exports to the United States by undervaluing its currency, prompting renewed calls for Congress to act on the issue.

Fed approves sale of Morgan Stanley stock shares (AP) Posted: 31 Aug 2010 02:40 PM PDT AP - The Federal Reserve has approved a request by a Chinese sovereign wealth fund to acquire up to 10 percent of the voting shares of New York investment giant Morgan Stanley.

USW Criticizes Commerce Department's Decision Not to Cite China's Deliberate Undervaluation of Currency Countervailability (PR Newswire) Posted: 31 Aug 2010 02:38 PM PDT PR Newswire - USW NOTES FINDINGS OF OTHER SUBSIDIES IN EXPORTS OF ALUMINUM EXTRUSIONS

US finds China unfairly helped aluminum industry (AP) Posted: 31 Aug 2010 12:46 PM PDT AP - The Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, determined Tuesday that Beijing unfairly subsidized $514 million in aluminum products last year.

U.S. turns down currency probes in two China cases (Reuters) Posted: 31 Aug 2010 11:53 AM PDT Reuters - The U.S. Commerce Department said on Tuesday it did not have sufficient legal grounds to investigate if China's currency practices effectively subsidize its exports in separate trade cases brought by U.S. aluminum and paper producers.

Citigroup to hire up to 7,500 in China: report (Reuters) Posted: 31 Aug 2010 11:10 AM PDT Reuters - Citigroup Inc plans to almost triple its workforce in China by hiring up to 7,500 people in the next three years, an executive told Bloomberg in an interview published on Tuesday.

Dozens ill with dysentery in China, some from mudslide zone (AFP) Posted: 31 Aug 2010 09:02 AM PDT AFP - Nearly 60 students and teachers at a technical school in northwest China, including some from a town ravaged by mudslides this month, have been hospitalised with dysentery, state media said Tuesday.

China raises alarm over Yangtze environmental damage (AFP) Posted: 31 Aug 2010 08:59 AM PDT AFP - China will spend billions of dollars treating sewage and planting forests to arrest massive environmental degradation along the Yangtze river and its Three Gorges reservoir, officials said Tuesday.

GM expects competitive Chevy Volt pricing in China (Reuters) Posted: 31 Aug 2010 04:21 AM PDT Reuters - General Motors expects competitive pricing for its electric Chevrolet Volt in China as it hopes to gain a foothold in China's fledgling environmentally friendly car industry with the highly anticipated car.

Wheat genome work just at initial stage: scientists (Reuters) Posted: 31 Aug 2010 01:17 AM PDT Reuters - Efforts to sequence the wheat genome are only at an initial stage of what will be a long-term project requiring more government support, leading Chinese and international scientists said on Tuesday.

Japan says too early to resume Korea nuclear talks (AP) Posted: 31 Aug 2010 12:10 AM PDT AP - Japan rejected North Korea's apparent interest in a quick resumption of six-party talks on Pyonyang's nuclear program, saying Tuesday that the time was not right for fresh discussions.

HIV discrimination case filed in China (AP) Posted: 30 Aug 2010 10:54 PM PDT AP - A municipal court in central China has accepted the country's first lawsuit alleging work discrimination because of HIV status, state media reported Tuesday.

EU foreign policy chief in China (AFP) Posted: 30 Aug 2010 10:05 PM PDT AFP - European Union foreign policy chief Catherine Ashton was in China Tuesday ahead of talks with top leaders on trade, climate change and security issues such as the Iran and North Korea nuclear standoffs.

China offers compensation to plane crash relatives (AFP) Posted: 30 Aug 2010 08:55 PM PDT AFP - Relatives of the 42 people killed last week in a plane crash in northeast China will receive 960,000 yuan (141,000 dollars) in compensation for each victim, according to the airline.

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