Yahoo! News: World - China

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• WTO largely backs China over EU in shoe dumping case (Reuters)
• China key suspect in U.S. satellite hacks: commission (Reuters)
• Top Obama aide delays trip to China, India: White House (Reuters)
• Europe bailout fund chief visits Beijing (AP)
• Analysis: Europe's bailout an unexpected bargain for China (Reuters)
• Europe bailout fund chief sees no quick China deal (Reuters)
• China's Pang Da, Youngman agree to buy all of Saab: court (Reuters)
• Wal-Mart's China woes began with phone call, then snowballed (Reuters)
• Insight: China premier-in-waiting schooled in era of dissent (Reuters)
• China admits jumping gun on new foreigners' tax (Reuters)
• PetroChina 3Q profit up 7.8 pct on strong output (AP)
• Government building in Tibet hit by blast: report (Reuters)
• China sees fuel shortages, warns against hoarding (AP)

WTO largely backs China over EU in shoe dumping case (Reuters) Posted: 28 Oct 2011 02:49 PM PDT Reuters - A World Trade Organization panel largely backed China on Friday in a complaint about European Union import duties on Chinese footwear, dealing a partial victory also to European importers and retailers.

China key suspect in U.S. satellite hacks: commission (Reuters) Posted: 28 Oct 2011 01:13 PM PDT Reuters - At least two U.S. environment-monitoring satellites were interfered with four or more times in 2007 and 2008 via a ground station in Norway, and China's military is a prime suspect, a draft report to Congress said.

Top Obama aide delays trip to China, India: White House (Reuters) Posted: 28 Oct 2011 12:25 PM PDT Reuters - President Barack Obama's top national security adviser delayed a planned trip to China and India last week to help Obama deal with Libya and a decision on U.S. troops in Iraq, the White House said on Friday.

Europe bailout fund chief visits Beijing (AP) Posted: 28 Oct 2011 04:19 AM PDT AP - The chief of Europe's bailout fund visited Beijing on Friday to discuss possible terms for cash-rich China and other global investors to help finance a multibillion-dollar plan to resolve the continent's debt crisis.

Analysis: Europe's bailout an unexpected bargain for China (Reuters) Posted: 28 Oct 2011 02:20 AM PDT Reuters - China might just be about to strike the deal of the decade.

Europe bailout fund chief sees no quick China deal (Reuters) Posted: 28 Oct 2011 02:14 AM PDT Reuters - The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.

China's Pang Da, Youngman agree to buy all of Saab: court (Reuters) Posted: 28 Oct 2011 01:43 AM PDT Reuters - Chinese firms Pang Da Automobile Trade Co (601258.SS) and Zhejiang Youngman Lotus Automobile Co have agreed to buy all of the shares in struggling carmaker Saab , a court document showed on Friday.

Wal-Mart's China woes began with phone call, then snowballed (Reuters) Posted: 28 Oct 2011 12:21 AM PDT Reuters - Wal-Mart's PR nightmare over sales of mislabeled pork in China began with a phone call two months ago from an irate housewife.

Insight: China premier-in-waiting schooled in era of dissent (Reuters) Posted: 28 Oct 2011 12:02 AM PDT Reuters - Li Keqiang, China's likely next premier, once huddled beside Yang Baikui in a Beijing university dorm, translating a book by an English judge, little separating the future Communist Party leader from his classmate who would be jailed as a subversive.

China admits jumping gun on new foreigners' tax (Reuters) Posted: 27 Oct 2011 11:08 PM PDT Reuters - A Chinese official admitted on Friday that they had jumped the gun on a new tax on foreign workers mandating they pay social security contributions before the government had worked out exactly how the system would be implemented.

PetroChina 3Q profit up 7.8 pct on strong output (AP) Posted: 27 Oct 2011 09:29 PM PDT AP - PetroChina Ltd., China's biggest oil and gas company, saw its third-quarter profit jump 7.8 percent as higher crude oil prices and output helped to offset losses in its refining business.

Government building in Tibet hit by blast: report (Reuters) Posted: 27 Oct 2011 07:37 PM PDT Reuters - A Chinese government building in a remote part of tense Tibet was hit by an explosion, leaving no injuries but adding to tensions after a string of self-immolation protests, an overseas radio service said late Thursday.

China sees fuel shortages, warns against hoarding (AP) Posted: 27 Oct 2011 07:10 PM PDT AP - China's chronic fuel shortages are worsening with the onset of winter, as output lags behind surging demand following price cuts that are worsening refiners' losses.

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