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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>b55493chexv99w1.txt
<DESCRIPTION>PRESS RELEASE
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THE CHINA FUND INC.
For immediate release
Contact Warren Antler
The Altman Group, Inc.
(212) 400-2605 or 888 CHN-CALL or 888 246-2255
wantler@altmangroup.com

                            THE CHINA FUND ANNOUNCES
                  PROPOSED RECORD DATE FOR ITS RIGHTS OFFERING

         Boston, Massachusetts, June 16, 2005--The China Fund, Inc. (the "Fund")
(NYSE: CHN), a closed-end management investment company, announced the proposed
record date for an anticipated rights offering (the "Offering") of its shares of
common stock. Subject to the registration statement for the Offering becoming
effective under the Securities Act of 1933, as amended, the Fund will issue to
stockholders of record as of June 27, 2005 (the "Record Date") one
non-transferable right for each share of common stock held. Three rights will
entitle the holder to purchase one share of common stock at the subscription
price.

         The estimated subscription price has not yet been determined by the
Fund. The subscription price will not be determined until July 29, 2005, the
expiration date of the Offering (the "Expiration Date"), and will equal 92.5% of
the average of the closing price of the Fund's common stock on the New York
Stock Exchange on the Expiration Date of the Offering and for the four
immediately preceding trading days, with a requirement that the price be no
lower than the net asset value per share of common stock of the Fund at the
Expiration Date.

         Stockholders who fully exercise all rights issued to them will be
entitled to subscribe for additional shares at the subscription price pursuant
to an oversubscription privilege. If all available shares are then subscribed
for, the Fund may issue additional shares of an amount up to 25% of the shares
available pursuant to the Offering. If all subscription rights are exercised
(including the additional 25%), the Fund will issue approximately 4,250,000
shares of its common stock in the Offering.

         The subscription rights are exercisable from June 27, 2005 until, up to
and including, 5:00 p.m. New York City time on July 29, 2005, the Expiration
Date, unless extended by the Fund.


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         For further information regarding the Fund's rights offering, or to
obtain a Prospectus, when available, please contact the Fund's Information
Agent:

                            THE ALTMAN GROUP
                            1275 Valley Brook Avenue
                            Lyndhurst, NJ  07071
                            888 CHN-CALL (246-2255)
                            wantler@altmangroup.com

         Investors should read the prospectus carefully before they invest or
send money.

         PLEASE NOTE THAT A REGISTRATION STATEMENT RELATING TO THE FUND'S SHARES
OF COMMON STOCK HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT
HAS NOT YET BECOME EFFECTIVE. THE INFORMATION IN THIS REGISTRATION STATEMENT,
AND THIS PRESS RELEASE, IS NOT COMPLETE AND MAY BE CHANGED. THESE SECURITIES MAY
NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION
STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO
SELL OR THE SOLICITATION OF ANY OFFER TO BUY, NOR SHALL THERE BY ANY SALE OF
THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE
UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY
STATE.

                                     (ENDS)


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