Yahoo! News: World - China

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• China to unveil military budget after U.S. Asia "pivot" (Reuters)
• 13 killed in northern China fire, arson suspected (AP)
• Two-thirds of China's cities fail on air standards (AP)
• Leadership drama brews as China lawmakers meet (AP)
• In Beijing, reform waits in the wings (Reuters)
• China pharmaceuticals feel bite of healthcare reforms (Reuters)

China to unveil military budget after U.S. Asia "pivot" (Reuters) Posted: 02 Mar 2012 06:19 AM PST Reuters - China is likely to unveil its military spending for 2012 on the weekend, flagging the direction that Beijing will take after President Barack Obama launched a new "pivot" to reinforce U.S. influence across Asia.

13 killed in northern China fire, arson suspected (AP) Posted: 02 Mar 2012 05:45 AM PST AP - Chinese state media say 13 people have been killed and one injured in a fire in northern China described as a suspected arson attack.

Two-thirds of China's cities fail on air standards (AP) Posted: 02 Mar 2012 04:43 AM PST AP - Two-thirds of China's cities currently fail to meet stricter air quality standards that the government wants to phase in over four years to combat notoriously smoggy skies, a senior Chinese environmental official said Friday.

Leadership drama brews as China lawmakers meet (AP) Posted: 02 Mar 2012 01:13 AM PST AP - China's political elite gather for their most public meetings of the year with an uncomfortable scandal tainting a leading politician and roiling the ruling Communist Party's plans for a smooth transition to a new leadership.

In Beijing, reform waits in the wings (Reuters) Posted: 02 Mar 2012 01:05 AM PST Reuters - China's leaders face a parliament meeting next week likely to bring into focus a deepening worry that they have squandered their chance for reform because of fears of instability ahead of a leadership transition.

China pharmaceuticals feel bite of healthcare reforms (Reuters) Posted: 02 Mar 2012 12:13 AM PST Reuters - A renewed push by the central government to expand healthcare reforms and restrict costs for end users is putting pressure on margins for a growing number of Chinese drugmakers.

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