Yahoo! News: World - China

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• China police building tax case against detained artist (Reuters)
• Vatican: China bishop may avoid excommunication (AP)
• Could China's Trade Deficit Hurt U.S. Equities? (The Motley Fool)
• China slows down high-speed trains (AFP)
• Paper: China accuses famed artist of tax evasion (AP)
• Special report: In cyberspy vs. cyberspy, China has the edge (Reuters)
• China FX reserves soar past $3 trillion, add to inflation (Reuters)
• China's foreign reserves surge past $3 trillion (AP)
• China March new loans rise (AFP)
• China's forex reserves pass $3 trillion (AFP)
• China slows down showcase bullet trains (AP)
• Philippines protests China's Spratly claim at UN (AFP)
• BRICS members warn of financial volatility (AP)
• Chemical plant blast kills at least 9 in China (AP)

China police building tax case against detained artist (Reuters) Posted: 14 Apr 2011 12:29 PM PDT Reuters - Chinese police say they have firm evidence the detained artist-activist Ai Weiwei avoided tax and he has begun "confessing," a Hong Kong newspaper under Beijing control said on Thursday, drawing a denunciation from his sister.

Vatican: China bishop may avoid excommunication (AP) Posted: 14 Apr 2011 09:19 AM PDT AP - A Chinese bishop whose ordination caused a crisis in the Vatican's relations with China may avoid excommunication because he may have been pressured into being consecrated without the pope's consent, the Vatican said Thursday.

Could China's Trade Deficit Hurt U.S. Equities? (The Motley Fool) Posted: 14 Apr 2011 09:13 AM PDT The Motley Fool - The earlier part of this week was dominated by talk of monster mergers and news that the radiation leakage from Japan was worse than initially thought. Somehow, in the sea of news stories we've shuffled through this week, the market has almost completely ignored news out of China that it reported its first quarterly trade deficit in more than seven years. How a story like this goes undetected is beyond me because it has every implication to stall this dream-like 10-month-long rally.

China slows down high-speed trains (AFP) Posted: 14 Apr 2011 09:02 AM PDT AFP - China's rail minister said the nation's high-speed trains will run at a slower pace than previously announced, to make journeys safer and more affordable.

Paper: China accuses famed artist of tax evasion (AP) Posted: 14 Apr 2011 05:27 AM PDT AP - Famed Chinese artist Ai Weiwei, who disappeared earlier this month and is believed to be in police custody, is being investigated for allegedly evading his taxes and destroying evidence, a Hong Kong newspaper reported Thursday.

Special report: In cyberspy vs. cyberspy, China has the edge (Reuters) Posted: 14 Apr 2011 05:15 AM PDT Reuters - As America and China grow more economically and financially intertwined, the two nations have also stepped up spying on each other. Today, most of that is done electronically, with computers rather than listening devices in chandeliers or human moles in tuxedos.

China FX reserves soar past $3 trillion, add to inflation (Reuters) Posted: 14 Apr 2011 04:15 AM PDT Reuters - China's foreign exchange reserves soared to a record of more than $3 trillion by end-March, while its money supply growth blew past forecasts, threatening to aggravate the nation's inflation woes and trigger more policy tightening.

China's foreign reserves surge past $3 trillion (AP) Posted: 14 Apr 2011 03:46 AM PDT AP - China's foreign reserves have surged past $3 trillion, driven by exchange rate controls that Washington and other governments say distort trade and are hampering a global recovery.

China March new loans rise (AFP) Posted: 14 Apr 2011 02:32 AM PDT AFP - China's efforts to rein in inflation and staunch the flow of credit in the country took a blow on Thursday when data showed a bigger than expected rise in new loans last month.

China's forex reserves pass $3 trillion (AFP) Posted: 14 Apr 2011 02:27 AM PDT AFP - China's foreign exchange reserves soared to a record $3.0447 trillion at the end of March, the central bank said on Thursday.

China slows down showcase bullet trains (AP) Posted: 14 Apr 2011 12:44 AM PDT AP - China is slowing down its bullet trains following complaints the showcase system is dangerously fast and too expensive.

Philippines protests China's Spratly claim at UN (AFP) Posted: 13 Apr 2011 11:55 PM PDT AFP - The Philippines said Thursday it had lodged a formal protest at the United Nations over China's claims to the Spratly islands and adjacent South China Sea waters.

BRICS members warn of financial volatility (AP) Posted: 13 Apr 2011 10:13 PM PDT AP - The world's largest emerging economies are urging tougher measures to guard against financial instability and say they back studies into expanding the use of Special Drawing Rights in the international monetary system.

Chemical plant blast kills at least 9 in China (AP) Posted: 13 Apr 2011 06:00 PM PDT AP - A Chinese state news agency says an explosion at a chemical plant in the northeast of the country has killed at least nine workers.

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