Yahoo! News: World - China

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• Trial set in fight over China MediaExpress records (AP)
• China says US fails to defuse 'debt bomb' (AFP)
• China to explore Indian Ocean seabed: report (AFP)
• Striking Chinese taxi drivers back at work (AFP)
• Fear stalks Chinese residents in Kashgar after attacks (Reuters)
• Chrysler CEO: Industry faces reckoning with China (Reuters)
• Chinese citizen activist latest free speech cause (AP)
• China urges US to handle debt responsibly (AP)
• China orders more gov't openness after train crash (AP)
• China warns of choppy Treasury market (Reuters)
• China expels official accused of taking bribes (AP)
• Exclusive: China mulls new regulator for state financial sector (Reuters)
• Why Are China's Universities Losing Their Star Students? (Time.com)
• China taxi drivers strike for third day, some return to work (Reuters)
• Real Madrid agree tie-up with China's Evergrande (AFP)
• China lashes out at Manila over island claims (AP)

Trial set in fight over China MediaExpress records (AP) Posted: 03 Aug 2011 03:36 PM PDT AP - A Delaware judge on Wednesday refused to dismiss a lawsuit that seeks to force China MediaExpress Holdings to turn over company records that Starr International believes will show evidence of mismanagement and wrongdoing.

China says US fails to defuse 'debt bomb' (AFP) Posted: 03 Aug 2011 09:22 AM PDT AFP - China warned Wednesday that tortured efforts to raise the US limit on borrowing had failed to defuse Washington's "debt bomb", and signalled it would further diversify its holdings away from the dollar.

China to explore Indian Ocean seabed: report (AFP) Posted: 03 Aug 2011 09:13 AM PDT AFP - China has won the right to explore for minerals in part of the Indian Ocean as the energy-hungry country scours the world for resources to fuel its fast-growing economy, state media said Wednesday.

Striking Chinese taxi drivers back at work (AFP) Posted: 03 Aug 2011 06:42 AM PDT AFP - Thousands of Chinese taxi drivers who went on strike over pay in the eastern hub of Hangzhou returned to work on Wednesday after accepting a government deal, the city's biggest taxi company said.

Fear stalks Chinese residents in Kashgar after attacks (Reuters) Posted: 03 Aug 2011 06:25 AM PDT Reuters - The deserted streets and shuttered shops in the usually bustling Chinese areas of Kashgar city Wednesday stand as testament to the splintered ethnic lines in the western region of Xinjiang.

Chrysler CEO: Industry faces reckoning with China (Reuters) Posted: 03 Aug 2011 06:20 AM PDT Reuters - U.S. and European automakers better watch their rear-view mirrors as competition from Chinese rivals will result in a "day of reckoning" down the road, the head of Fiat SpA and Chrysler Group LLC said on Wednesday.

Chinese citizen activist latest free speech cause (AP) Posted: 03 Aug 2011 05:17 AM PDT AP - Chinese rights advocates are calling for the release of an Internet activist who will soon face trial in a case that they say highlights the government's fear of increasingly bold public activism.

China urges US to handle debt responsibly (AP) Posted: 03 Aug 2011 05:10 AM PDT AP - China's central bank governor urged Washington to handle its debt responsibly, warning Wednesday that uncertainty in the market for Treasury debt might harm a global economic recovery.

China orders more gov't openness after train crash (AP) Posted: 03 Aug 2011 12:52 AM PDT AP - Chinese leaders on Wednesday called for more openness in government after a high-speed train crash triggered widespread public anger at authorities over the lack of transparency in handling the accident.

China warns of choppy Treasury market (Reuters) Posted: 03 Aug 2011 12:52 AM PDT Reuters - China's central bank governor urged Washington on Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the U.S. Treasuries market will undermine the international monetary system and hamper global growth.

China expels official accused of taking bribes (AP) Posted: 03 Aug 2011 12:38 AM PDT AP - A former official in southwest China has been expelled from the governing Communist Party for allegedly taking bribes.

Exclusive: China mulls new regulator for state financial sector (Reuters) Posted: 03 Aug 2011 12:07 AM PDT Reuters - China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing's grip on its lenders.

Why Are China's Universities Losing Their Star Students? (Time.com) Posted: 02 Aug 2011 11:45 PM PDT Time.com - The exodus of China's brightest high school students has renewed discussions about the country's ongoing problem of higher-education reform

China taxi drivers strike for third day, some return to work (Reuters) Posted: 02 Aug 2011 10:29 PM PDT Reuters - A strike by Chinese cab drivers in the eastern tourist city of Hangzhou stretched into a third day on Wednesday, in the latest unrest highlighting frustration among migrant workers struggling with rising costs and burdensome fees.

Real Madrid agree tie-up with China's Evergrande (AFP) Posted: 02 Aug 2011 09:30 PM PDT AFP - Real Madrid and Chinese Super League leaders Guangzhou Evergrande have agreed to a tie-up that could see player exchanges and the Spanish giants opening an academy in China.

China lashes out at Manila over island claims (AP) Posted: 02 Aug 2011 08:14 PM PDT AP - The Philippines said Wednesday it would press its territorial claims in the South China Sea in accordance with international law before the United Nations, dismissing Chinese criticism that Manila is insincere in resolving the long-simmering disputes.

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