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Press release from PR Newswire

The China Fund, Inc. Confirms Distributions

Tuesday, December 21, 2010

The China Fund, Inc. Confirms Distributions16:42 EST Tuesday, December 21, 2010NEW YORK, Dec. 21, 2010 /PRNewswire-FirstCall/ -- The China Fund, Inc. (NYSE: CHN) confirms the amount of distributions of $2.2742 per share.  The capital gain portion of the distributions is comprised of long-term capital gains at $1.8996 per share.  The net investment income portion of the distribution is $0.3746 per share.  As previously reported, the distributions will be payable on December 29, 2010 to shareholders of record on December 24, 2010 with an updated ex-dividend date of December 21, 2010.  The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") that is open to all shareholders.  If the Fund shares trade at a premium to the net asset value of the Fund, the dividend reinvestment provides you as a shareholder the ability to invest in the Fund at an amount less than market price per share. If the Fund is trading at a discount, Plan participants will receive shares of the Fund valued at market price per share. All shareholders may elect to participate in the Plan and may withdraw at any time within the limitations described in the Plan.  Stockholders who have questions regarding the distribution may contact The Altman Group at 1-888-CHN-CALL (246-2255).  In addition, the Fund has posted on its website, www.chinafundinc.com, information regarding the distribution, including frequently asked questions.The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investment in the equity securities of companies engaged in a substantial amount of business in the People's Republic of China.The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN".  The Fund's investment manager is Martin Currie Inc.Contact:Brian O'Sullivan816-871-4100SOURCE The China Fund, Inc.For further information: Brian O'Sullivan for The China Fund, Inc., +1-816-871-4100