Yahoo! News: World - China

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• China lets banks sell loans to each other (AFP)
• China rises and rises, yet still gets foreign aid (AP)
• Ford to open new engine plant in China (AP)
• China renews compensation demand in skipper's arrest (AFP)
• Group urges Nobel award for Chinese dissident (AP)
• Japan rejects China's demand for apology (AP)
• Apple launches iPhone 4 in China (AFP)
• House Panel OKs Bill Vs. China's Yuan (Investor's Business Daily)

China lets banks sell loans to each other (AFP) Posted: 25 Sep 2010 11:13 AM PDT AFP - China has begun allowing banks to sell loans to each other, in a move designed to reduce financial risks and help banks meet stricter capital requirements, the central bank said Saturday.

China rises and rises, yet still gets foreign aid (AP) Posted: 25 Sep 2010 10:53 AM PDT AP - China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world's second largest economy. Yet it gets more than $2.5 billion a year in foreign government aid — and taxpayers and lawmakers in donor countries are increasingly asking why.

Ford to open new engine plant in China (AP) Posted: 25 Sep 2010 09:08 AM PDT AP - Ford and Chinese partner, Changan Ford Mazda Automobile Ltd., plan to build a $500 million engine plant in China.

China renews compensation demand in skipper's arrest (AFP) Posted: 25 Sep 2010 07:57 AM PDT AFP - Beijing on Saturday made a second call for an apology and compensation from Tokyo over the "unlawful" detention of a Chinese trawlerman, demanding "practical steps" to resolve the diplomatic row.

Group urges Nobel award for Chinese dissident (AP) Posted: 25 Sep 2010 05:04 AM PDT AP - A group of scholars, writers and lawyers in China is urging that this year's Nobel Peace Prize be awarded to a Chinese dissident jailed for drafting a major call for political reform.

Japan rejects China's demand for apology (AP) Posted: 25 Sep 2010 03:20 AM PDT AP - Japan strongly rejected a Chinese demand on Saturday that it apologize for detaining a Chinese fishing boat captain whose arrest after a collision near disputed islands plunged relations between the two Asian powers to their lowest level in years.

Apple launches iPhone 4 in China (AFP) Posted: 24 Sep 2010 11:25 PM PDT AFP - Apple on Saturday launched the latest version of its iPhone in China and boosted its presence in the world's biggest Internet and mobile market by opening another two stores in Beijing and Shanghai.

House Panel OKs Bill Vs. China's Yuan (Investor's Business Daily) Posted: 24 Sep 2010 04:26 PM PDT Investor's Business Daily - Democrats plan to end their pre-election legislative push this week with votes to penalize China for its cheap currency as well as hike taxes on firms shifting business overseas.

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