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China announces 20 pct cut in airline fuel surcharge
China's steelmaker Baosteel announces resignation of chairwoman
Warner vows to compete pirated DVDs in China
Big bucks needed to build Beijing-Shanghai railway
China's Baosteel denies reports of listing overseas
Baosteel mulling over public listing overseas
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Electric appliances chain Gome says founder cleared in probe
PetroChina oil, gas sales soar to record in 2006
Shares rebound 4.7%, fueled by buying of financial, transport stocks
Tibet's fixed-assets investment tops 20 biln yuan
China plans to dam large-scale building projects
Chef says De Niro is hands-off partner in Nobu restaurant chain
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Yuan hits new record high; stocks fall on jitters in property sector
Trade between China, Japan surpasses US$200b
FDI in China tops 63 bln USD in 2006
Chinese mainland buys 1,200 tons of slow-selling Taiwan oranges
Share prices fall in biggest single-day retreat in 6 months
Yuan pricier than HK dollar for 1st time in 13 years
 
China, EU sign agreement to create joint law school
BEIJING, Jan 17 (AP) -- The European Union and China signed an agreement Wednesday to create a law school meant to improve their understanding of each other's legal systems.


The agreement was signed by EU Commissioner for External Relations Benita Ferrero-Waldner, who was in Beijing for talks on expanding EU-Chinese trade and economic ties by updating a 1985 commercial treaty.


The China-Europe School of Law will "improve the understanding of the Chinese legal profession of European and international law and will help European professionals, academics and students to widen their knowledge of Chinese law," the EU said in a statement.


The two governments said the law school will be run by a group of European academic institutions, and at least one Chinese partner. They did not say when it would begin operation, or where.


The EU said it would contribute ?18.2 million (US$23.5 million) to the project.

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