Yahoo! News: World - China

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• Exclusive: Justice Department probing Chinese accounting (Reuters)
• U.S.-listed Chinese firms drop after news of DOJ probe (Reuters)
• China successfully launches "Heavenly Palace" space craft (Reuters)
• China launches module for space station (AP)
• China's great space station leap (The Christian Science Monitor)
• Special Report: "Rats" and "black mouths" gnaw at China stocks (Reuters)
• Exclusive: Lockheed lobbies anew for new Taiwan F-16s (Reuters)
• Signal maker: Not to blame for Shanghai rail crash (AP)
• China's Tiangong 1 Space Lab: Questions & Answers (SPACE.com)
• Taiwan police say 800 arrested over phone scams (AP)
• Chinese group halts homegrown 'peace prize' (AP)
• China's runaway bosses spotlight underground loan market (Reuters)
• China grain prices to rise despite bigger harvest (AP)
• Official: China expels South Korean journalists (AP)
• Insight: Velvet glove trumps iron fist in south China land riot (Reuters)
• Rocket Fueled for China's 1st Space Lab Module Launch Thursday (SPACE.com)
• Australia: Not nervous about China's rising power (AP)
• China's debate on the death penalty becomes increasingly open (The Christian Science Monitor)

Exclusive: Justice Department probing Chinese accounting (Reuters) Posted: 29 Sep 2011 02:26 PM PDT Reuters - The U.S. Justice Department is investigating accounting irregularities at Chinese companies listed on U.S. stock exchanges, said an official with the Securities and Exchange Commission, suggesting criminal charges may be brought in addition to civil proceedings.

U.S.-listed Chinese firms drop after news of DOJ probe (Reuters) Posted: 29 Sep 2011 09:10 AM PDT Reuters - Shares of U.S.-listed Chinese companies fell on Thursday after a top securities regulator said U.S. criminal authorities are investigating accounting irregularities at Chinese companies listed on U.S. stock exchanges.

China successfully launches "Heavenly Palace" space craft (Reuters) Posted: 29 Sep 2011 07:59 AM PDT Reuters - China successfully launched an experimental craft on Thursday paving the way for its first space station amid a blaze of national pride, bringing the growing Asian power closer to matching the United States and Russia with a long-term manned outpost in space.

China launches module for space station (AP) Posted: 29 Sep 2011 07:57 AM PDT AP - China launched an experimental module to lay the groundwork for a future space station on Thursday, underscoring its ambitions to become a major space power over the coming decade.

China's great space station leap (The Christian Science Monitor) Posted: 29 Sep 2011 07:13 AM PDT The Christian Science Monitor - China launched an experimental space lab into orbit Thursday night, successfully installing the first building block in its planned space station and underscoring its progress in space technology.

Special Report: "Rats" and "black mouths" gnaw at China stocks (Reuters) Posted: 29 Sep 2011 06:35 AM PDT Reuters - Even before China's great stock market bull run of 2006-2007, Wang Jianzhong had become known as China's "god of stocks" for his prescient picks.

Exclusive: Lockheed lobbies anew for new Taiwan F-16s (Reuters) Posted: 29 Sep 2011 04:45 AM PDT Reuters - Lockheed Martin Corp is helping arm U.S. lawmakers for a renewed push to sell its new F-16 fighter jets to Taiwan, not just the Obama administration's planned $5.3 billion upgrade of old ones.

Signal maker: Not to blame for Shanghai rail crash (AP) Posted: 29 Sep 2011 04:17 AM PDT AP - The China-based maker of signaling systems for the Shanghai subway line where two trains crashed this week, injuring 284 people, said Thursday that its equipment was not at fault.

China's Tiangong 1 Space Lab: Questions & Answers (SPACE.com) Posted: 29 Sep 2011 04:15 AM PDT SPACE.com - China is launching its first space laboratory module Tiangong 1 today (Sept. 29) on a critical test flight to demonstrate the vital docking technology required for a future space station.

Taiwan police say 800 arrested over phone scams (AP) Posted: 29 Sep 2011 03:06 AM PDT AP - Taiwanese police said Thursday they have arrested 800 suspected phone scammers in raids coordinated with police in China and seven Southeast Asian countries.

Chinese group halts homegrown 'peace prize' (AP) Posted: 29 Sep 2011 02:15 AM PDT AP - A Chinese alternative "peace prize" that was awarded in bizarre fashion last year in an apparent attempt to counter the Nobel Peace Prize that went to a jailed dissident has been abruptly canceled.

China's runaway bosses spotlight underground loan market (Reuters) Posted: 28 Sep 2011 11:37 PM PDT Reuters - A string of Chinese entrepreneurs have gone into hiding to avoid repaying loans, according to state media reports, highlighting a credit squeeze on private firms and the dangers of steep interest rates in China's vast and growing informal lending market.

China grain prices to rise despite bigger harvest (AP) Posted: 28 Sep 2011 11:34 PM PDT AP - China's grain harvest will post its eighth consecutive increase this year but consumers will still face moderate price rises as supplies struggle to keep pace with growing demand.

Official: China expels South Korean journalists (AP) Posted: 28 Sep 2011 10:33 PM PDT AP - A South Korean official says China has expelled a group of South Korean journalists and researchers it detained last week near the border with North Korea.

Insight: Velvet glove trumps iron fist in south China land riot (Reuters) Posted: 28 Sep 2011 09:37 PM PDT Reuters - It was an unusual scene for a Chinese riot -- there was not a single policeman in sight.

Rocket Fueled for China's 1st Space Lab Module Launch Thursday (SPACE.com) Posted: 28 Sep 2011 08:15 PM PDT SPACE.com - China is readying the rocket that will carry the country's first prototype space laboratory into orbit Thursday (Sept. 29).

Australia: Not nervous about China's rising power (AP) Posted: 28 Sep 2011 06:24 PM PDT AP - A top Australian official says the country is not nervous about China's rising power despite the government's launching of an in-depth review of Asia's growing influence.

China's debate on the death penalty becomes increasingly open (The Christian Science Monitor) Posted: 28 Sep 2011 11:01 AM PDT The Christian Science Monitor - Li Changkui, a southern Chinese farmer charged with raping and murdering a teenage girl before killing the girl’s 3-year-old brother, was tried for the third time in a Chinese court late last month. Both the evidence and charges against him were virtually the same as those of his previous trial, but this time he was sentenced to death.

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