Yahoo! News: World - China

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• Senate takes first step on China yuan bill (Reuters)
• Senate bill punishes China over undervalued money (AP)
• Tibetan rights group says monk set himself on fire (AP)
• W.House still reviewing China currency bill: officials (Reuters)
• Fifth Tibetan monk in China burns self in protest: group (Reuters)
• Chinese city takes big step toward regulating private loans (Reuters)

Senate takes first step on China yuan bill (Reuters) Posted: 03 Oct 2011 04:07 PM PDT Reuters - The Senate on Monday took aim at one of China's core economic policies, voting to move forward with a bill designed to press Beijing to let its currency rise in value in the hope of creating U.S. jobs.

Senate bill punishes China over undervalued money (AP) Posted: 03 Oct 2011 03:29 PM PDT AP - The Senate on Monday weighed whether to punish China for undervaluing its currency and taking away American jobs. At issue is whether legislation would boost the American economy, as its supporters argue, or initiate a damaging trade war with a major partner.

Tibetan rights group says monk set himself on fire (AP) Posted: 03 Oct 2011 09:05 AM PDT AP - Another monk has set himself on fire to protest against China's tight grip over Buddhist practices in Tibet, an activist group said Monday.

W.House still reviewing China currency bill: officials (Reuters) Posted: 03 Oct 2011 07:46 AM PDT Reuters - The White House is still reviewing a proposed Senate bill on China's currency and does not yet have a position to deliver on it, senior administration officials said on Monday.

Fifth Tibetan monk in China burns self in protest: group (Reuters) Posted: 03 Oct 2011 07:15 AM PDT Reuters - A Tibetan monk set himself alight in a market in mountainous western China Monday, extending a burst of immolation protests at a monastery that has become a center of defiance of Beijing, a group advocating self-determination for Tibet said.

Chinese city takes big step toward regulating private loans (Reuters) Posted: 03 Oct 2011 04:55 AM PDT Reuters - The Chinese city of Wenzhou, an entrepreneurial city in the eastern province of Zhejiang, has set a legal threshold for interest rates on private loans, taking its first step to regulate the rampant underground loan market.

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