The People's Republic of China | News Headlines

Teck to sell 17 percent stake to China for C$1.74 billion (Reuters via Yahoo! News)Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.

Ericsson announces broadband contracts in China (AFP via Yahoo! News)Swedish mobile phone network supplier Ericsson won contracts to supply broadband Internet to millions of users in China by a deal with three operators there, it said Friday.

China Investment buying stake in Teck Resources (AP via Yahoo! News)Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt.

Teck to sell 17 percent stake to China for C$1.7 billion (Reuters via Yahoo! News)Canada's Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help Teck pay down debt while expanding China's portfolio of commodity investments.

China apologizes to Mexico for tough swine flu stand (AFP via Yahoo! News)China's Health Minister Chen Zhu Friday apologized to his Mexican counterpart for failing to warn him about the tough measures Beijing imposed on Mexicans to combat swine flu.

New bubbles rising in China property market: state media (AFP via Yahoo! News)China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, state media reported Friday.

PC Makers Part On China's Green Dam (Forbes)China's "green dam" project splits PC makers into the compliers and the stallers.

Web Site for China Mobile's Application Store Appears (PC World via Yahoo! News)A Web site for China Mobile's upcoming mobile application store appeared online on Friday, giving a preview of what free and paid downloads the carrier will offer to its more than 480 million subscribers.

Teck Sells 17% Stake to China Fund for C$1.74 Billion (Update4) (Bloomberg)July 3 (Bloomberg) -- Teck Resources Ltd. , Canada's largest diversified mining company, sold a 17 percent stake to China's $200 billion sovereign wealth fund for C$1.74 billion ($1.5 billion) to reduce debt.

Taiwan Keeps Door to China Closed for Chip Maker UMC (PC World via Yahoo! News)Taiwan will have to revise chip-industry regulations before United Microelectronics (UMC) can invest in China, an official said Friday.