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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Google to phase out China search partnerships | Video 8:29am EDT UPDATE 2-Republican senators see U.S. financial reform bill 10:02am EDT Somali pirate killed in cargo ship hijack shooting 9:53am EDT Portugal downgrade hits stocks, boosts dollar | Video 10:57am EDT Wal-Mart to slash grocery prices 19 Mar 2010 FACTBOX-US healthcare bill would provide immediate benefits 19 Mar 2010 For women, battle of bulge just got tougher 23 Mar 2010 BofA to start reducing mortgage principal 6:07am EDT Inside a global cybercrime ring 11:12am EDT Google to phase out China search partnerships | Video 8:29am EDT China joins big-power talks on Iran sanctions UNITED NATIONS Wed Mar 24, 2010 11:42am EDT Related News Russia, China push Iran to change nuclear stance Tue, Mar 23 2010 Russia, China push Iran to change nuclear stance Tue, Mar 23 2010 Q+A: The West pushes for new U.N. sanctions on Iran Fri, Mar 19 2010 UNITED NATIONS (Reuters) - China participated in a conference call with five other world powers on Wednesday to discuss a U.S.-drafted proposal for a new round of U.N. sanctions against Iran over its nuclear program, envoys said. World Beijing had declined for weeks to participate in talks on a fourth round of U.N. sanctions against Tehran but took part in the call among senior foreign ministry officials from the five permanent U.N. Security Council members and Germany, a Western diplomat said on condition of anonymity. Another Western diplomat confirmed those remarks. As expected, they did not agree on a draft sanctions resolution, though the Chinese said they were willing to participate in an additional conference call to discuss "more detailed elements," one envoy said. The United States, Britain, France and Germany had hoped the Chinese would agree to a face-to-face meeting to hammer out the details of a U.N. sanctions resolution to submit to the 15-nation Security Council for a vote. "China was only ready to commit to another conference call," the diplomat said, adding that it was positive that Beijing was finally willing to at least discuss the possibility of sanctions, something it had refused to do since a January 16 meeting on Iran of officials from the six powers in New York. Iran denies Western allegations that its nuclear program is aimed at developing a nuclear weapons capability and says its atomic ambitions are limited to generating electricity. A U.S.-drafted U.N. sanctions proposal includes a possible ban on new Iranian banks abroad and foreign banks in Iran, as well as an arms embargo with international inspections similar to one in place against North Korea, Western diplomats said. It would also urge vigilance against Iran's central bank, ban insurance and reinsurance of shipments to and from Iran and would blacklist several Iranian shipping firms. Russia has indicated it had problems with the U.S. draft, but could support less stringent measures, the envoys said. It is not clear how the Chinese have reacted to the draft, which Beijing received several weeks ago. Security Council diplomats have said it was unlikely the council could adopt an Iran sanctions resolution before June. (Reporting by Louis Charbonneau; Editing by Doina Chiacu) World Add a Comment More from Reuters Inside a global cybercrime ring It was a full-fledged company with a call center, HR department, and company parties. Employees cranked out code at a frenzied pace. The product? Computer viruses. Full Article Law would identify cybercrime havens Technology Abortion fight looms Battle lines are being drawn over federal funding of abortion -- a fight that could tip the balance in November's elections. Full Article Win may threaten rest of Obama agenda Factbox: What's next for Obama Is this a sign of Dems' future strategy? 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