The China Fund, Inc. Declares Dividend and Capital Gain Distribution

NEW YORK, Dec. 9  /PRNewswire-FirstCall/ -- The China Fund, Inc. NYSE: CHN), today announced that it has declared an annual dividend and capital gain distribution to the Fund's stockholders, totaling $2.5119 per share.  The total dividend and capital gain distribution per share consists of $0.2172 net investment income and realized long term capital gains of $2.2947. The dividend and capital gain distribution will be payable on December 29, 2005, to the stockholders of record at the close of business on December 21, 2005.

Certain ordinary dividends paid by the Fund may be subject to a maximum tax rate of 15% as provided for by the Internal Revenue Code.  Complete information will be reported to shareholders in conjunction with their 2005 Form 1099-Div which will be distributed during January, 2006.

The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") that is open to all shareholders.  If the Fund shares continue to trade at a premium to its NAV, 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.

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 traded on the New York Stock Exchange with the ticker symbol "CHN".  The Fund's listed investment manager is Martin Currie Inc.  The Fund's direct investment manager is Asian Direct Capital Management.

For further information regarding the Fund and the Fund's holdings, please call (888)-CHN-CALL.

  CONTACT:

  Marjorie Caldwell
  State Street Bank and Trust Company
  617-662-3229


DATASOURCE: The China Fund, Inc.



CONTACT:  Marjorie Caldwell of State Street Bank and Trust Company,

[phone]

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