Yahoo! News: World - China

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• House panel eyes action on China currency bill (Reuters)
• China snubs Japan PM over boat row, rules out meeting (Reuters)
• China hits back at U.S. rhetoric on yuan (Reuters)
• China launches first cross-border air strike drill (AP)
• China police apologize to hard-hitting magazine (AP)
• Molson Coors completes $40M deal for China venture (AP)
• China-Japan spat could derail gas drilling talks (AP)
• China tells U.S. to keep out of South China Sea dispute (Reuters)
• Taiwan cleans up after powerful typhoon; 2 dead (AP)
• China, Pakistan in talks on new nuclear plant (AFP)
• China fines Toyota finance arm for alleged bribery (AP)
• Taiwan's Chinatrust: would bid alone for AIG unit (Reuters)
• Obama says China has not done enough on yuan (Reuters)

House panel eyes action on China currency bill (Reuters) Posted: 21 Sep 2010 05:15 PM PDT Reuters - The House of Representatives Ways and Means Committee could vote as early as Friday on a bill that would allow the Commerce Department to apply duties against China's "undervalued" currency, a source familiar with the discussions said on Tuesday.

China snubs Japan PM over boat row, rules out meeting (Reuters) Posted: 21 Sep 2010 10:27 AM PDT Reuters - China snubbed Japanese Prime Minister Naoto Kan on Tuesday, saying a territorial dispute ruled out any meeting with Premier Wen Jiabao in New York this week and adding to the ire dividing Asia's top two economies.

China hits back at U.S. rhetoric on yuan (Reuters) Posted: 21 Sep 2010 06:44 AM PDT Reuters - China's foreign ministry told the United States on Tuesday to stop pointing its finger at Beijing and pushing for a stronger yuan, saying Washington should focus on spurring its fragile economy.

China launches first cross-border air strike drill (AP) Posted: 21 Sep 2010 06:35 AM PDT AP - China has launched its first-ever cross-border simulated air strike as part of joint drills with Russia, Kazakhstan and other Central Asian States, state media reported Tuesday.

China police apologize to hard-hitting magazine (AP) Posted: 21 Sep 2010 06:22 AM PDT AP - Police apologized to journalists at a hard-driving Chinese news magazine Tuesday after officers earlier tried to pressure them into revealing sources for an article about the detention of people seeking government redress over various grievances.

Molson Coors completes $40M deal for China venture (AP) Posted: 21 Sep 2010 06:01 AM PDT AP - Molson Coors Brewing Co. has completed its $40 million agreement to buy a majority, controlling interest in Hebei Si'hai Beer Co. in China.

China-Japan spat could derail gas drilling talks (AP) Posted: 21 Sep 2010 03:57 AM PDT AP - Should the escalating spat between Japan and China over disputed islands evolve into a full-blown diplomatic battle, the economic fallout could include derailing delicate talks over developing potentially lucrative undersea gas fields between the two Asian giants.

China tells U.S. to keep out of South China Sea dispute (Reuters) Posted: 21 Sep 2010 03:10 AM PDT Reuters - China told the United States not to interfere in a regional dispute over claims to the South China Sea, saying it would only complicate the matter.

Taiwan cleans up after powerful typhoon; 2 dead (AP) Posted: 21 Sep 2010 03:04 AM PDT AP - Residents waded through ankle-deep mud to clean up their homes Tuesday, after massive flooding spawned by a powerful typhoon killed two people in southern Taiwan, and caused tens of millions of dollars of damage.

China, Pakistan in talks on new nuclear plant (AFP) Posted: 21 Sep 2010 02:34 AM PDT AFP - Pakistan on Tuesday implicitly confirmed it is holding talks with China to build a new nuclear power plant in the energy-starved South Asian nation.

China fines Toyota finance arm for alleged bribery (AP) Posted: 20 Sep 2010 11:18 PM PDT AP - Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp.'s finance unit for giving bribes to car dealers — a charge the company is disputing.

Taiwan's Chinatrust: would bid alone for AIG unit (Reuters) Posted: 20 Sep 2010 09:56 PM PDT Reuters - Chinatrust Financial (2891.TW) will bid for American International Group's Taiwan unit Nan Shan Life again if the U.S. insurer puts it back on the market, Chinatrust's president said on Tuesday.

Obama says China has not done enough on yuan (Reuters) Posted: 20 Sep 2010 05:42 PM PDT Reuters - President Barack Obama said on Monday that China has not done enough to raise the value of the yuan, keeping up tough American rhetoric on Chinese policy as U.S. lawmakers weigh new legislation to punish Beijing.

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