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Thursday, August 30, 2012

Top China Stories from WSJ: European Debt Buy, Mine Explosion, Japan Pressure - Wall Street Journal (blog)

Associated Press
Chinese soldiers prepare for the arrival of German Chancellor Angela Merkel outside the Great Hall of the People in Beijing on Aug. 30, 2012.

Your daily round-up of the best of the Journal’s China coverage:

China to Keep Investing in Europe: China will keep buying European government debt on the condition of a full evaluation of risk, China’s premier said during a visit by Germany’s Merkel. (Free)

Vineyard Buyer Pledges to Make Peace: Macau casino executive Louis Ng, who faced a backlash in France after he bought a vineyard, says he is determined to pacify his new neighbors. He plans a $10 million project to restore the estate. (Free)

19 Killed in Coal Mine Blast in Southwest China: Rescuers searched Thursday for 28 miners trapped for more than a day in a coal mine after an explosion that killed at least 19 people in southwest China. (Free)

Japan Raises Pressure on South Korea: Japan’s foreign minister ratcheted up pressure on South Korea with tough rhetoric and hints of further countermeasures, as their island dispute that has stoked bilateral territorial tensions to the highest level in decades continues. (Free)

For Cnooc Chairman, a Dual Role: Cnooc’s $15.1 billion deal for Nexen is the latest in a dual role that Chairman Wang Yilin has assumed since taking the Chinese oil company’s reins last year: Run a profit-driven multinational enterprise overseas, and promote it as a political and strategic asset at home. (Subscriber Content)

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