Iran holds two Chinese 'spies'

Guardian: Iran today risked inflaming relations with China by announcing the arrest of two Chinese nationals for allegedly spying on its military and nuclear facilities.

It is believed to be the first time any Chinese have been charged with espionage in the country. Oil-rich Iran has recently enjoyed good relations with China, which has resisted US-led attempts to impose harsher sanctions on Tehran for its nuclear programme...more

Related news on China:China Confidential has learned that Asia's three economic giants--Japan, China, and India--are poised to compete aggressively for sugarcane acreage for ethanol production in Brazil. Japanese and Chinese companies are already actively acquiring large properties; Indian firms are still researching possible opportunities.Brazil's ethanol program is the world's largest and most advanced. The South American country gets more than 30 percent of its automobile fuels from sugarcane-based ethanol.