Yahoo! News: World - China

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• Lagarde to give China senior IMF job: sources (Reuters)
• Sino-Forest delays tour of its assets; shares dive (Reuters)
• 36 trapped after China coal mine fire: state media (AFP)
• China's censors scrub rumors of ex-leader dying (AP)
• Anger mounts in China over oil spill (AFP)
• China raises rates, shrugs off slowing growth (Reuters)
• China pledges to clean up local government debt (Reuters)
• ConocoPhillips defends response to China oil leaks (AP)
• Instant view: China raises interest rates for 3rd time in 2011 (Reuters)
• China raises interest rates amid inflation fight (AP)
• China's BYD, Societe Generale unit end tie-up (AFP)
• Temasek's $3.6 billion stake sale another blow to China banks (Reuters)
• Rainstorms in China kill 25 in less than a week (AP)
• Red Cross controversy threatens China philanthropy (AFP)
• Filipino officials ban Chinese diplomat amid spat (AP)

Lagarde to give China senior IMF job: sources (Reuters) Posted: 06 Jul 2011 02:49 PM PDT Reuters - China is close to clinching a top-level post at the International Monetary Fund, IMF sources said on Wednesday after the Fund's new chief pledged to give more power to emerging economies.

Sino-Forest delays tour of its assets; shares dive (Reuters) Posted: 06 Jul 2011 01:51 PM PDT Reuters - Embattled Chinese forestry company Sino-Forest said on Wednesday it has postponed a tour of its forestry assets because many analysts have halted coverage of the company.

36 trapped after China coal mine fire: state media (AFP) Posted: 06 Jul 2011 01:47 PM PDT AFP - At least 36 people are trapped underground at a coal mine in eastern China after a fire broke out, state media reported Thursday.

China's censors scrub rumors of ex-leader dying (AP) Posted: 06 Jul 2011 09:23 AM PDT AP - Rumors that retired Chinese leader Jiang Zemin was dead or dying raced through China's Internet on Wednesday, sending censors into overdrive to excise them and in turn spurring people to craft ever more cryptic and inventive postings.

Anger mounts in China over oil spill (AFP) Posted: 06 Jul 2011 06:44 AM PDT AFP - Chinese media and green groups on Wednesday slammed the state-run China National Offshore Oil Corporation and the marine watchdog for keeping an oil spill hidden from the public for nearly a month.

China raises rates, shrugs off slowing growth (Reuters) Posted: 06 Jul 2011 06:14 AM PDT Reuters - China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases.

China pledges to clean up local government debt (Reuters) Posted: 06 Jul 2011 05:36 AM PDT Reuters - China pledged on Wednesday to take steps to clean up hundreds of billions of dollars in local government debt, seeking to defuse concerns that a wave of defaults could derail the world's No.2 economy and hobble its state-run banks.

ConocoPhillips defends response to China oil leaks (AP) Posted: 06 Jul 2011 05:11 AM PDT AP - American energy giant ConocoPhillips defended its response to a pair of oil leaks off China's northeast coast and said Wednesday it would change procedures there if necessary to prevent future spills.

Instant view: China raises interest rates for 3rd time in 2011 (Reuters) Posted: 06 Jul 2011 04:36 AM PDT Reuters - China's central bank increased interest rates for the third time this year on Wednesday, making clear that taming inflation is a top priority even when as the economy slows gently.

China raises interest rates amid inflation fight (AP) Posted: 06 Jul 2011 04:34 AM PDT AP - China raised a key interest rate Wednesday for a third time this year as it tries to cool surging inflation.

China's BYD, Societe Generale unit end tie-up (AFP) Posted: 06 Jul 2011 04:10 AM PDT AFP - Chinese car maker BYD, backed by billionaire Warren Buffet, said Wednesday it has ended a joint venture to provide financing for car purchases in China with a unit of France's Societe Generale.

Temasek's $3.6 billion stake sale another blow to China banks (Reuters) Posted: 06 Jul 2011 02:44 AM PDT Reuters - Singapore state investor Temasek Holdings sold stakes in two of China's biggest banks on Wednesday to raise $3.6 billion, piling more pressure on mainland lenders amid concerns about rising bad debts.

Rainstorms in China kill 25 in less than a week (AP) Posted: 05 Jul 2011 11:31 PM PDT AP - Chinese state media say heavy rains across the country have killed at least 25 people in less than a week.

Red Cross controversy threatens China philanthropy (AFP) Posted: 05 Jul 2011 08:03 PM PDT AFP - A young Chinese woman who flaunted her wealth online and appeared to have links with the nation's Red Cross has sparked huge controversy and stoked widespread public suspicion over how donations are used.

Filipino officials ban Chinese diplomat amid spat (AP) Posted: 05 Jul 2011 06:42 PM PDT AP - Philippine officials have banned a senior Chinese diplomat from meetings for alleged rude behavior, in the latest fallout from a feud over the potentially oil-rich Spratly Islands, officials said.

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