Yahoo! News: World - China

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• Wider trade gap could propel China currency bill (Reuters)
• 26 injured by strong earthquake in western China (AP)
• China says low U.S. rates affecting its economy (Reuters)
• Chinese bullet train maker halts some production (AP)
• China still "preparing for worst" on power shortages (Reuters)
• Troubled Waters: Why China's Navy Makes Asia Nervous (Time.com)
• China jails 7 more people in tainted pork scandal (AP)
• Seven jailed in China in tainted pork scandal: report (Reuters)
• BofA talks to Gulf funds to cut $17 billion CCB stake: sources (Reuters)

Wider trade gap could propel China currency bill (Reuters) Posted: 11 Aug 2011 11:53 AM PDT Reuters - New government data on Thursday showing the U.S. trade gap with China grew nearly 12 percent in the first half of 2011 is likely to fuel efforts in Congress to get tough with China's currency practices.

26 injured by strong earthquake in western China (AP) Posted: 11 Aug 2011 05:59 AM PDT AP - State media say 26 people have been injured and more than 30 homes damaged by a strong earthquake in western China's Xinjiang region.

China says low U.S. rates affecting its economy (Reuters) Posted: 11 Aug 2011 05:13 AM PDT Reuters - Near zero U.S. interest rates would affect China's economy, a senior official at China's top economic planning agency said, but added it is too early to say the world economy is headed for another recession.

Chinese bullet train maker halts some production (AP) Posted: 11 Aug 2011 02:32 AM PDT AP - China has frozen approval of new railway projects and halted some bullet train manufacturing, stepping up an overhaul of its controversial high-speed network after a July collision that killed 40 people.

China still "preparing for worst" on power shortages (Reuters) Posted: 11 Aug 2011 02:18 AM PDT Reuters - China will continue to "prepare for the worst" in the coming weeks in order to make sure that its strained power grids can handle record levels of demand, the country's top energy official said in remarks published on Thursday.

Troubled Waters: Why China's Navy Makes Asia Nervous (Time.com) Posted: 11 Aug 2011 02:00 AM PDT Time.com - The acquisition of a decommissioned Soviet carrier, at a time of naval tension in Asia, heralds Beijing's growing territorial ambition

China jails 7 more people in tainted pork scandal (AP) Posted: 10 Aug 2011 11:52 PM PDT AP - Seven more people have been jailed in China for selling a banned chemical that makes pork leaner but is harmful to humans.

Seven jailed in China in tainted pork scandal: report (Reuters) Posted: 10 Aug 2011 10:58 PM PDT Reuters - A Chinese court sentenced seven people to jail for selling illegal toxic chemicals to pork producers, state news agency Xinhua said on Thursday, the latest rulings in another food safety scandal.

BofA talks to Gulf funds to cut $17 billion CCB stake: sources (Reuters) Posted: 10 Aug 2011 10:26 PM PDT Reuters - Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its $17 billion stake in China Construction Bank (0939.HK), three sources with direct knowledge of the talks told Reuters.

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