The China Fund, Inc. Launches Web Site
NEW YORK, April 24

The China Fund, Inc. (NYSE: CHN) today announced the launch of a new website at www.chinafundinc.com.

The website is part of the Board's commitment to keeping shareholders and advisers informed of the progress of the Fund. It includes background information on the Fund, performance data, managers' biographies, details of how to invest and contact information. A document library includes copies of the investment manager's monthly update and there are links to other websites holding information on The China Fund, Inc.

About The China Fund, Inc.

The China Fund, Inc. is a closed-end management investment company seeking long-term capital appreciation primarily through investments in equity securities of companies engaged in a substantial amount of business in the People's Republic of China. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "CHN". The Fund's investment manager is Martin Currie, Inc. The Fund's direct investment manager is Asian Direct Capital Management. For more information about The China Fund, Inc. please call 1-888-CHN-CALL or visit the Fund's web site at www.chinafundinc.com.

Contact:
Tony Fernandes
State Street Corporation
617-662-2965

SOURCE The China Fund, Inc.
04/24/2002