Yahoo! News: World - China

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• Chinese missile could shift Pacific power balance (AP)
• Mao's grandson eyes run at politics (AFP)
• China acts on property speculation, tests banks anew (Reuters)
• China police rescue 22 abducted women, children (AP)
• Mao grandson says wishes to pursue politics (AP)
• China protesters cut off and swallow fingertips (AFP)
• China bank adviser urges more flexible yuan (AFP)
• China rejects U.S. pressure on Iran trade ties (Reuters)
• Report: US to sell Taiwan decommissioned warships (AP)
• China defends dealings with Iran after US pressure (AP)
• Lawmakers urge action on China currency policy (Reuters)

Chinese missile could shift Pacific power balance (AP) Posted: 05 Aug 2010 02:43 PM PDT AP - Nothing projects U.S. global air and sea power more vividly than supercarriers. Bristling with fighter jets that can reach deep into even landlocked trouble zones, America's virtually invincible carrier fleet has long enforced its dominance of the high seas.

Mao's grandson eyes run at politics (AFP) Posted: 05 Aug 2010 09:05 AM PDT AFP - The grandson of China's revolutionary leader Mao Zedong said he wanted to get more involved in politics in an interview Thursday, just days after his promotion to major general.

China acts on property speculation, tests banks anew (Reuters) Posted: 05 Aug 2010 04:55 AM PDT Reuters - China's banking regulator has ordered lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday.

China police rescue 22 abducted women, children (AP) Posted: 05 Aug 2010 04:05 AM PDT AP - Police rescued 22 women and children abducted by a human-trafficking ring that operated in southern China for two decades, state media reported Thursday.

Mao grandson says wishes to pursue politics (AP) Posted: 05 Aug 2010 03:09 AM PDT AP - Recently promoted to become China's youngest major general, Mao Zedong's grandson says he aims for deeper involvement in the politics of the communist state founded by his grandfather, according to an interview appearing Thursday.

China protesters cut off and swallow fingertips (AFP) Posted: 04 Aug 2010 11:36 PM PDT AFP - Four protesters in Beijing cut off their fingertips and swallowed them in a desperate bid to bring attention to their cause, state media reported Thursday.

China bank adviser urges more flexible yuan (AFP) Posted: 04 Aug 2010 11:06 PM PDT AFP - China must make the yuan exchange rate more flexible in the coming months to boost trade and help authorities restructure the economy, a central bank adviser was quoted as saying Thursday.

China rejects U.S. pressure on Iran trade ties (Reuters) Posted: 04 Aug 2010 09:43 PM PDT Reuters - China pushed back at U.S. pressure on its business and oil trade with Iran in comments published on Wednesday, while Iran's oil minister was in Beijing seeking to shore up ties with the big customer.

Report: US to sell Taiwan decommissioned warships (AP) Posted: 04 Aug 2010 09:40 PM PDT AP - A Taiwanese newspaper reported Thursday that the U.S. will sell the democratic island two warships, a move that would almost certainly anger China and further undermine Beijing's already tense relations with Washington.

China defends dealings with Iran after US pressure (AP) Posted: 04 Aug 2010 09:39 PM PDT AP - China is defending its business relationships with Iran after recent pressure from the United States to fully follow new sanctions against Tehran over its nuclear program.

Lawmakers urge action on China currency policy (Reuters) Posted: 04 Aug 2010 06:53 PM PDT Reuters - A group of Senators raised concerns about China's currency practices on Wednesday, urging the Obama administration to do more to combat "unfair trade" practices abroad.

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