Yahoo! News: World - China

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China bought back a lot of BofA assets: report (Reuters) Posted: 04 Sep 2011 12:20 PM PDT Reuters - A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday.

Chinese official held in deadly drunk driving case (AP) Posted: 04 Sep 2011 12:57 AM PDT AP - Chinese state media are reporting an official in eastern China has been detained on accusations he killed a woman while driving drunk.

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