Yahoo! News: World - China

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• Lawmakers criticize US aid to creditor China (AP)
• China group proceeding with homegrown peace prize (AP)
• US, Asia deepen security ties amid China challenge (AP)
• Philippines seeks summit on sea row; China cool (AP)
• China's Ai Weiwei pays $1.3M to seek tax appeal (AP)
• Hundreds mark anniversary of deadly Shanghai fire (AP)
• China vulnerable to asset bubbles, warns IMF (Reuters)
• Sino-Forest panel rejects fraud accusations (AP)
• China holds fire over Obama before regional summit (Reuters)
• SAP to invest more than $2 billion in China by 2015 (Reuters)
• IMF warns China's banks face growing risks (AP)

Lawmakers criticize US aid to creditor China (AP) Posted: 15 Nov 2011 04:44 PM PST AP - Lawmakers say it's an insult to the American people: The United States is borrowing money from China only to give some of it right back as foreign aid. And that, they say, is bolstering Chinese businesses that compete with American companies in hard economic times.

China group proceeding with homegrown peace prize (AP) Posted: 15 Nov 2011 02:43 AM PST AP - The sponsors of a would-be Chinese alternative to the Nobel Peace Prize said Tuesday that they would defy a government order to not award this year's prize, which is to be given to Russian Prime Minister Vladimir Putin.

US, Asia deepen security ties amid China challenge (AP) Posted: 15 Nov 2011 02:33 AM PST AP - When President Barack Obama arrives in Australia on Wednesday to kick off a four-day Asia-Pacific visit, he should receive a warm reception from America's longtime allies in the region.

Philippines seeks summit on sea row; China cool (AP) Posted: 15 Nov 2011 02:28 AM PST AP - Beijing on Tuesday rejected the Philippines' calls for talks at regional meetings this week with China and five other countries embroiled in one of Asia's most volatile territorial disputes.

China's Ai Weiwei pays $1.3M to seek tax appeal (AP) Posted: 15 Nov 2011 02:12 AM PST AP - Outspoken Chinese artist Ai Weiwei said he deposited a $1.3 million guarantee into a government bank account Tuesday out of concern for his associates after tax officials threatened to turn their investigation into his company over to police.

Hundreds mark anniversary of deadly Shanghai fire (AP) Posted: 15 Nov 2011 01:39 AM PST AP - Hundreds of people, many bearing flowers and incense, gathered in China's commercial hub of Shanghai on Tuesday to mark the anniversary of an apartment-building fire that killed 58 people last year.

China vulnerable to asset bubbles, warns IMF (Reuters) Posted: 15 Nov 2011 01:12 AM PST Reuters - China's biggest commercial banks face systemic risks if a combination of credit, property, currency and yield curve shocks that could be withstood in isolation were to occur together, the International Monetary Fund warned on Tuesday.

Sino-Forest panel rejects fraud accusations (AP) Posted: 15 Nov 2011 12:56 AM PST AP - A panel of Sino-Forest Corp. directors said Tuesday it has found no evidence of fraud by the Chinese forestry company after allegations by a U.S. financial firm caused its shares traded in Canada to plunge.

China holds fire over Obama before regional summit (Reuters) Posted: 14 Nov 2011 11:52 PM PST Reuters - China appeared keen on Tuesday to avoid a brawl with the United States over trade and currency stances, brushing aside President Barack Obama's criticisms and stressing that the world's two biggest economies share a stake in stable ties.

SAP to invest more than $2 billion in China by 2015 (Reuters) Posted: 14 Nov 2011 10:51 PM PST Reuters - German business software maker SAP plans to invest more than $2 billion up to 2015 to expand its business in China.

IMF warns China's banks face growing risks (AP) Posted: 14 Nov 2011 07:54 PM PST AP - The International Monetary Fund warned Tuesday that China's banks face growing risks that might hamper growth, adding to concern about the world's second-largest economy amid Europe's debt crisis.

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