Yahoo! News: World - China

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• Analysis: Beijing targets trusts to stem shadow banking risks (Reuters)
• Chinese ex-fugitive found guilty of contract fraud (AP)
• China factories see sluggish start in 2012: HSBC PMI (Reuters)

Analysis: Beijing targets trusts to stem shadow banking risks (Reuters) Posted: 19 Jan 2012 11:54 PM PST Reuters - China is intensifying its cat-and-mouse pursuit of the 4 trillion yuan ($635 billion) investment trust industry, with credit risks on the rise as economic growth slows.

Chinese ex-fugitive found guilty of contract fraud (AP) Posted: 19 Jan 2012 09:34 PM PST AP - A Chinese businessman deported from Canada after more than a decade on the run was found guilty of contract fraud Friday and sentenced to 15 years in jail, in what his lawyer and family say is a test case for Chinese fugitives around the world.

China factories see sluggish start in 2012: HSBC PMI (Reuters) Posted: 19 Jan 2012 07:31 PM PST Reuters - China's factory activity likely fell for a third successive month in January, suggesting Beijing's pro-growth policies will remain in place despite early signs that the downward drift is slowing, a survey of purchasing managers showed on Friday.

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