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China demands Ai Weiwei pay $1.85 million in taxes, fines

BEIJING (Reuters) – Beijing’s tax authorities have asked the dissident Chinese artist Ai Weiwei, released recently from more than two months in detention, to pay 12 million yuan ($1.85 million) in back taxes and fines, a friend of his said on Tuesday. The 54-year-old artist was released on bail last…

Chinese cities owe $1.65 trln, some ‘may default’

BEIJING (AFP) – Chinese local governments held $1.65 trillion in debt by the end of 2010, the state auditor said on Monday, warning that there was a risk that some could default. Excessive borrowing by authorities to fund infrastructure and other projects has sparked fears among China’s leadership about the…

Blind China activist reportedly beaten unconscious

WASHINGTON — A blind Chinese activist who exposed abuses in Beijing’s population control policy was beaten unconscious by dozens of men led by a communist party official, his wife said in a letter released Thursday. Human rights groups earlier reported an attack on activist Chen Guangcheng in February, but the…

China airlines to challenge EU carbon tax: report

BEIJING – Chinese airlines plan legal action against a European Union plan to impose a carbon tax from 2012, claiming it could cost them millions of dollars a year, state media said Thursday. China’s aviation sector will have to pay an additional 800 million yuan ($122 million) a year after…

US Treasury cleared China of currency manipulation

WASHINGTON – The US Treasury cleared China of official accusations of currency manipulation Friday, but said progress toward allowing the yuan to appreciate was “insufficient.” In a report to Congress, the Treasury said that China, eight other countries and the eurozone had not manipulated exchange rates “for purposes of… gaining…

China might revalue its currency this year: Kissinger

WASHINGTON – China could act on revaluing its currency over the course of the year, without admitting defeat in their battle with the international community over its value, former US secretary of state Henry Kissinger said Sunday. In an interview with CNN, Kissinger, who worked to open US relations with…

Obama presses China’s Hu on rights

WASHINGTON (Reuters) – President Barack Obama pressed Chinese President Hu Jintao on Wednesday to let the value of China’s currency rise and delivered a firmer message on U.S. concerns over Beijing’s human rights record. Amid the pomp of a state visit, both leaders spoke glowingly about cooperation but made no…

China’s president talks tough on currency before US visit

WASHINGTON – President Hu Jintao issued veiled criticism Sunday of US monetary policy before a state visit to the United States seen as a chance for China’s leader to shore up his political legacy. Responding to written questions from The Wall Street Journal and The Washington Post, Hu came out…

China official arrested in sex diary scandal: report

BEIJING (AFP) – China has sacked and arrested an official who became an online sensation after his alleged diary detailing sexual high jinks and bribery was splashed across the Internet, state media reported Monday. Han Feng, 53, was removed from his post as a tobacco bureau division chief in the…

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