Yahoo! News: World - China

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• U.S. business fears "downward spiral" in China trade (Reuters)
• Jailed tycoon stages corporate showdown at China's GOME (AFP)
• Summary Box: Can Russia be China's gas supplier? (AP)
• U.S. sets duties on copper pipe from China and Mexico (Reuters)
• DOJ: China Airlines agrees to plead guilty (AP)
• Pentagon seeks to revive US-China military relations (AFP)
• Japan seeks damages as China trawler row lingers (Reuters)
• China starts melanine register after milk scandal (AFP)
• Yuan rise could worsen China's imbalance: central banker (Reuters)
• Japan, China test each other's diplomatic resolve (AP)
• China: U.S. move on yuan bill "redundant" (Reuters)
• Shippers say China slows handling of Japan goods (AP)
• China automaker BYD gets visit from backer Buffett (AP)
• Russia wants to supply all of China's gas needs (AP)
• China begins Tibet railway extension (AFP)
• House bill targeting yuan unfair: China state media (AFP)
• Russia, China fete completion of oil pipeline (AFP)
• Beijing firm investigated for running 'black jail' (AP)
• China to stick with one-child policy (AP)
• Russia says to sign China gas deal by mid-2011 (AFP)

U.S. business fears "downward spiral" in China trade (Reuters) Posted: 27 Sep 2010 03:38 PM PDT Reuters - Congressional passage of a bill to pressure Beijing to revalue its currency could further harm U.S.-Chinese trade relations already hampered by mutual mistrust and suspicion, U.S. companies invested in China said on Monday.

Jailed tycoon stages corporate showdown at China's GOME (AFP) Posted: 27 Sep 2010 02:32 PM PDT AFP - GOME shareholders will vote Tuesday on whether to oust the company's chairman in a bizarre corporate showdown staged by the jailed tycoon who founded China's biggest household appliance chain.

Summary Box: Can Russia be China's gas supplier? (AP) Posted: 27 Sep 2010 12:37 PM PDT AP - BIG SUPPLY: Russia has massive stores of natural gas and its economy needs a cash infusion from sales to get it through the economic downturn that has crimped oil sales.

U.S. sets duties on copper pipe from China and Mexico (Reuters) Posted: 27 Sep 2010 11:30 AM PDT Reuters - The United States on Monday set final duties ranging up to 61 percent on hundreds of millions of dollars of copper pipe from China in one of several disputes causing friction between the two countries.

DOJ: China Airlines agrees to plead guilty (AP) Posted: 27 Sep 2010 09:29 AM PDT AP - The Justice Department says China Airlines Ltd. has agreed to plead guilty and pay a $40 million criminal fine in a price-fixing conspiracy.

Pentagon seeks to revive US-China military relations (AFP) Posted: 27 Sep 2010 08:04 AM PDT AFP - A Pentagon official is holding talks in Beijing this week in an effort to revive US military relations with China and reduce tensions in the region, a defense spokesman said Monday.

Japan seeks damages as China trawler row lingers (Reuters) Posted: 27 Sep 2010 07:10 AM PDT Reuters - Japan said it will ask China to pay for damage to its patrol boats suffered in a collision with a Chinese trawler, as Asia's top two economies continue to bicker over the affair.

China starts melanine register after milk scandal (AFP) Posted: 27 Sep 2010 06:38 AM PDT AFP - China has moved to step up oversight of sales of a toxic chemical blamed for the deaths of six babies in a 2008 tainted milk scandal, ordering buyers to register their names, state media said Monday.

Yuan rise could worsen China's imbalance: central banker (Reuters) Posted: 27 Sep 2010 05:15 AM PDT Reuters - A rise in the value of the yuan may intensify expectations for further increases and could lead to a worsening of China's international payments imbalance, a regional central bank official said in comments published on Monday.

Japan, China test each other's diplomatic resolve (AP) Posted: 27 Sep 2010 05:12 AM PDT AP - Tension between China and Japan bumped back up a notch Monday when Tokyo asked Beijing to pay for damages to patrol boats hit by a Chinese fishing vessel in disputed waters, countering China's demand for an apology over the incident.

China: U.S. move on yuan bill "redundant" (Reuters) Posted: 27 Sep 2010 05:07 AM PDT Reuters - A U.S. congressional panel's approval of a bill on China's currency is "redundant," China's vice commerce minister said on Monday, the latest salvo from China in the face of U.S. pressure on its currency policy.

Shippers say China slows handling of Japan goods (AP) Posted: 27 Sep 2010 04:41 AM PDT AP - China has stepped up customs inspections of goods shipped to and from Japan, slowing trade, logistics companies said Monday, amid a spat over the detention of a Chinese fishing boat captain near disputed islands.

China automaker BYD gets visit from backer Buffett (AP) Posted: 27 Sep 2010 04:29 AM PDT AP - Warren Buffett's backing gave Chinese battery and automaking tycoon Wang Chuanfu a huge boost, and on paper represents at least a six-fold return on the investment.

Russia wants to supply all of China's gas needs (AP) Posted: 27 Sep 2010 04:11 AM PDT AP - China and Russia signed agreements Monday to boost energy cooperation, while Moscow said it wants to supply its energy hungry neighbor with all its natural gas needs.

China begins Tibet railway extension (AFP) Posted: 27 Sep 2010 03:49 AM PDT AFP - China has begun building a 13.3-billion-yuan (two-billion-dollar) extension to the world's highest railway line, which links Tibet to the rest of the nation, state media reported Monday.

House bill targeting yuan unfair: China state media (AFP) Posted: 27 Sep 2010 02:26 AM PDT AFP - Draft US legislation that would open the way for retaliation against China over the value of the yuan is "neither just nor fair", the state-run People's Daily said Monday in a commentary.

Russia, China fete completion of oil pipeline (AFP) Posted: 27 Sep 2010 01:56 AM PDT AFP - The leaders of China and Russia celebrated Monday the completion of a cross-border oil pipeline, a symbol of growing ties between the two emerging economic powers, particularly in the energy sector.

Beijing firm investigated for running 'black jail' (AP) Posted: 27 Sep 2010 01:03 AM PDT AP - Police are investigating a Beijing security company linked to the unauthorized but lucrative practice of holding citizens in so-called 'black jails,' or illegal detention centers, according to state media.

China to stick with one-child policy (AP) Posted: 26 Sep 2010 11:27 PM PDT AP - China will continue to limit most families to just one child in the coming decades, state media said Monday, despite concerns about the policy's problematic side effects, such as too few girls and a rapidly aging population.

Russia says to sign China gas deal by mid-2011 (AFP) Posted: 26 Sep 2010 10:47 PM PDT AFP - A deal for Russia to supply natural gas to China is expected to be signed by mid-2011, Russian Deputy Prime Minister Igor Sechin said Monday, calling cooperation in the area "strategically promising".

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