Yahoo! News: World - China

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• BofA negotiates to sell big China bank stake: sources (Reuters)
• China's first aircraft carrier begins sea trials (AP)
• Ai Weiwei endured "immense pressure" in detention: source (Reuters)
• China's July auto sales up 6.7 percent (AP)
• Taiwan hails missile as 'aircraft carrier killer' (AP)
• China July exports hit record high, surplus swells (Reuters)
• Analysis: Is China left holding the credit baby? (Reuters)
• China releases outspoken blogger after 6 months (AP)
• Bus fire in China caused by flammable chemicals (AP)
• China's trade growth rebounds in July (AP)
• China says price pressures peaking, risks remain (Reuters)

BofA negotiates to sell big China bank stake: sources (Reuters) Posted: 10 Aug 2011 04:03 PM PDT Reuters - Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction Bank (0939.HK), sources with direct knowledge of the talks told Reuters.

China's first aircraft carrier begins sea trials (AP) Posted: 10 Aug 2011 11:10 AM PDT AP - China's first aircraft carrier swept through fog-shrouded waters Wednesday to open sea trials that underscore concerns about the country's growing military strength and its increasingly assertive claims over disputed territory.

Ai Weiwei endured "immense pressure" in detention: source (Reuters) Posted: 10 Aug 2011 08:16 AM PDT Reuters - Chinese dissident artist Ai Weiwei, whose disappearance in April caused an international outcry, endured intense psychological pressure during 81 days in secretive detention and still faces the threat of prison for alleged subversion, a source familiar with the events told Reuters.

China's July auto sales up 6.7 percent (AP) Posted: 10 Aug 2011 04:09 AM PDT AP - China's auto sales rose 6.7 percent in July but growth was well below the double-digit surge of the past two years, an industry group said Wednesday.

Taiwan hails missile as 'aircraft carrier killer' (AP) Posted: 10 Aug 2011 01:48 AM PDT AP - Taiwan is hailing its most advanced missile as "an aircraft carrier killer" on the same day that China began sea trials of it first aircraft carrier.

China July exports hit record high, surplus swells (Reuters) Posted: 10 Aug 2011 01:06 AM PDT Reuters - China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.

Analysis: Is China left holding the credit baby? (Reuters) Posted: 10 Aug 2011 12:57 AM PDT Reuters - August's dramatic financial shock, which is now both feeding off and risks fueling another economic downturn, may well introduce a third phase of the four-year-old global credit crisis -- the infection of the ultimate creditors.

China releases outspoken blogger after 6 months (AP) Posted: 09 Aug 2011 11:44 PM PDT AP - A Chinese blogger and writer detained by police and charged with inciting subversion earlier this year has been released after nearly six months, his wife said Wednesday.

Bus fire in China caused by flammable chemicals (AP) Posted: 09 Aug 2011 11:22 PM PDT AP - A Chinese state media report says a fire on a double-decker bus that killed 41 people last month was caused by flammable chemicals that were being illegally transported on board.

China's trade growth rebounds in July (AP) Posted: 09 Aug 2011 10:08 PM PDT AP - China's trade growth rebounded in July despite weakening global demand and its politically sensitive trade surplus rose to its highest level in more than two years.

China says price pressures peaking, risks remain (Reuters) Posted: 09 Aug 2011 09:15 PM PDT Reuters - China's price rises may have peaked but the country still faces inflationary risks, including the possibility of a new round of monetary easing by the United States, China's top economic planner said on Wednesday.

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