Yahoo! News: World - China

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• China's fiscal deficit to fall in 2012: source (Reuters)
• Chinese banks under pressure to raise cash next year: source (Reuters)
• China's Mengniu says destroys tainted milk (Reuters)
• Analysis: China investment wave unlikely to swamp EU (Reuters)
• Afghanistan cabinet OKs oil deal with China's CNPC (Reuters)
• Yuan hits all-time high (Reuters)
• China activist given 10 years' jail for subversion (AP)
• China expects 11 percent industrial output growth in 2012 (Reuters)
• China dairy producer says it destroys tainted milk (AP)
• China arrests executives in insider trading crackdown (Reuters)
• China jails dissident 10 years for "subversive" essays (Reuters)
• China tests 500 km/h super high-speed train (Reuters)
• Japan urges China to help keep North Korea in check (Reuters)
• China, Japan unveil deals to tighten finance ties (AP)
• Japan's PM reaches out to China on North Korea (AP)

China's fiscal deficit to fall in 2012: source (Reuters) Posted: 26 Dec 2011 05:47 PM PST Reuters - China's central government will run a smaller fiscal deficit in 2012, according to a report by local media.

Chinese banks under pressure to raise cash next year: source (Reuters) Posted: 26 Dec 2011 05:33 PM PST Reuters - China's listed banks are expected to raise over 100 billion yuan ($15.78 billion) through equity financing next year as they face pressure to replenish capital due to rapid loan growth and tighter regulation, the China Securities Journal reported on Tuesday.

China's Mengniu says destroys tainted milk (Reuters) Posted: 26 Dec 2011 10:12 AM PST Reuters - China Mengniu Dairy Co Ltd, the nation's biggest dairy firm, said it had destroyed milk found to be contaminated with a cancer-causing substance, the latest food safety problem to hit the country's dairy industry.

Analysis: China investment wave unlikely to swamp EU (Reuters) Posted: 26 Dec 2011 07:17 AM PST Reuters - The sign in a boutique selling glass hand-crafted on the Venetian island of Murano betrays an uncertain grasp of English. But the owner is very sure who is to blame for the tough times confronting the 700-year-old local glassmaking industry.

Afghanistan cabinet OKs oil deal with China's CNPC (Reuters) Posted: 26 Dec 2011 07:08 AM PST Reuters - Afghanistan's cabinet cleared the way for the war-torn state to sign a deal with China National Petroleum Corp (CNPC) for the development of oil blocks in the Amu Darya basin, the Afghan president's office said on Monday.

Yuan hits all-time high (Reuters) Posted: 26 Dec 2011 04:46 AM PST Reuters - The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-point by the People's Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.

China activist given 10 years' jail for subversion (AP) Posted: 26 Dec 2011 04:09 AM PST AP - A Chinese court sentenced a veteran dissident who organized a pro-democracy activist network to 10 years' imprisonment Monday for inciting subversion, his wife said, the second heavy punishment for a dissident in recent days.

China expects 11 percent industrial output growth in 2012 (Reuters) Posted: 26 Dec 2011 03:44 AM PST Reuters - China's industrial output is expected to grow 11 percent for 2012, easing from an estimated 13.9 percent in 2011, China's industry minister said on Monday.

China dairy producer says it destroys tainted milk (AP) Posted: 26 Dec 2011 02:25 AM PST AP - China's biggest milk producer destroyed a batch found to have excessive levels of a cancer-causing toxin, in another safety scare for the country's dairy industry.

China arrests executives in insider trading crackdown (Reuters) Posted: 26 Dec 2011 01:55 AM PST Reuters - China has arrested former executives at two brokerages on charges of insider trading, the securities watchdog said, as part of a crackdown on market malpractice that the new head of the agency has said will be one of his top priorities.

China jails dissident 10 years for "subversive" essays (Reuters) Posted: 26 Dec 2011 01:10 AM PST Reuters - A court in China sentenced on Monday a veteran dissident, Chen Xi, to 10 years in jail for subversion, his wife said, one of the heaviest sentences given for political charges since Nobel Prize winner Liu Xiaobo was jailed two years ago.

China tests 500 km/h super high-speed train (Reuters) Posted: 26 Dec 2011 12:45 AM PST Reuters - China launched a super-rapid test train over the weekend which is capable of travelling 500 kilometers per hour, state media said on Monday, as the country moves ahead with its railway ambitions despite serious problems on its high-speed network.

Japan urges China to help keep North Korea in check (Reuters) Posted: 25 Dec 2011 11:12 PM PST Reuters - Japan urged China on Monday to shoulder a big role in ensuring North Korea avoids volatility after the death of its leader, Kim Jong-il.

China, Japan unveil deals to tighten finance ties (AP) Posted: 25 Dec 2011 08:08 PM PST AP - Chinese and Japanese leaders have unveiled initiatives to tighten financial links between East Asia's economic giants and sometime rivals — measures that could expand use of China's tightly controlled currency abroad.

Japan's PM reaches out to China on North Korea (AP) Posted: 25 Dec 2011 06:06 PM PST AP - Japanese Prime Minister Yoshihiko Noda wrapped up a trip to Beijing on Monday where he sought China's cooperation in promoting stability in North Korea after the death of its longtime leader Kim Jong Il.

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