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 MADRID  A former JPMorgan Chase & Co. trader wanted by the 
United States for allegedly falsifying bank records to cover up $6 billion 
in trading losses has told Spain's National Court he will challenge extradition.A 
court spokesman said Friday that Javier Martin-Artajo, 49, opposes the petition 
because he is Spanish. The court will now study the U.S. request 
and hold a hearing at a later date.  The official spoke 
on condition of anonymity in keeping with court regulations.The U.S. accuses 
Martin-Artajo and another ex-trader at the bank of marking up the value 
of an investment portfolio to hide its plummeting value. The portfolio eventually 
incurred a $6 billion loss.Martin-Artajo was arrested in Madrid in August 
but freed without bail. He denies the U.S. charges.
 BEIJING  China's leaders have promised to open its markets wider to 
private and foreign competitors in a sweeping reform plan aimed at rejuvenating 
a slowing, state-dominated economy.The pledges come in a report issued Friday 
that is meant to serve as a blueprint for economic development in 
the coming decade. It was issued following a closely watched Communist Party 
conference that ended this week.Chinese leaders are under pressure to replace 
a tapped-out growth model based on exports and investment.The ruling party 
pledged in Friday's report to allow the creation of privately owned banks 
and to allow the market to allocate resources   moves that 
will help more efficient private companies.As for foreign companies, the 
plan pledges to ease limits on foreign investment in e-commerce and other 
industries.
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