Favourite Chunxiu Zhou from China won the women's race, while Briton Dave Weir retained his wheelchair title.
Stories on China won David Barboza of The New York Times as well as the staff of Bloomberg News the award for foreign reporting.
Some bondholders believe China won't let any borrower in the corporate-bond market default, even borrowers that aren't government-owned, because officials want to ensure the market continues to operate smoothly.
The People's Republic of China won a big victory late last month, as the House of Representatives voted to grant it permanent normal trade relations when it enters the World Trade Organization.
Last month China also won its first-ever case in America against an anti-dumping decision.
ECONOMIST: Trade-remedy laws are damaging the world trade system
Gao used to play for China and won a silver medal at the 1992 Olympics in Barcelona.
China has won 11 of the 24 Olympic gold medals awarded in badminton since 1992, according to the International Olympics Committee's database.
China has won gold in five of the six diving events in London so far and secured seven out of eight golds in Beijing in 2008.
The victory means China has won gold in every table tennis event played at the London Games and in Beijing in 2008, according to the official Games website.
China has won negotiating rights to exploit two of the largest oilfields in the Caspian Basin, a region some analysts believe conceals as many as 178 billion barrels of oil, making it second only to the Gulf.
There are many who think that strengthening the value of China's currency won't mean American jobs lost to China in the past decade return to US shores - the jobs will simply go to the next low-cost country like Vietnam or India.
China has now won all five of the weight categories they have participated in so far.
China, which won outright on the second round of voting, was the favourite, although Paris and Toronto provided tough competition.
And what kind of assurances are you hoping to get from China that they won't increase their consumption of oil from Iran?
In fact, just recently, steel workers in Ohio and throughout the Midwest, Pennsylvania, are in a position now to sell steel to China because we won that case.
Twenty minutes after Yang won China's maiden gold medal, 16-year-old Ye Shiwen triumphed in the women's 400m medley, as well as breaking the world record set in Beijing four years ago.
CNN: China celebrates first swimming golds and a world record
Zhang and Yang Wei won 7-15 15-4 15-8 but China were denied a medal sweep by Ra Kyung-min and Lee Kyung-won of South Korea, who beat China's Zhao Tingting and Wei Yili 10-15 15-9 15-7 in the bronze medal match.
He also won in China, Portugal and Germany during his remarkable season.
Iraq also competed in the men's four, finishing fifth in a race won by hosts China.
Sun-Young Yoo, also of South Korea, took the Kraft Nabisco Championship, while China's Shanshan Feng won June's LPGA Championship.
In China, Shenzhen SiBiono GeneTech won approval for a gene therapy drug for head and neck cancer in 2003 but no products have been approved until now in Europe or the United States.
Jujie Luan, who now competes for Canada, won a gold for China in 1984.
India, the second-largest buyer of Iranian oil after China, was among countries that won a reprieve last month for significantly cutting its imports from Tehran.
With his "Kung Fu Panda" movies, Jeffrey Katzenberg offered American audiences a cuddly Chinese icon to love, and won the hearts of China's cultural czars, who are eager to soften the country's image in the world.
Much of Adelson's trouble is coming from China, where he had bet and won big in the past.
If there is an environmental disaster, he warns, it won't just be China's problem, it will be the world's problem.
Li won a WTA tournament in China before traveling to Australia, where she advanced to the semifinals at the Sydney International.
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