To be honest with you,  there is no reliable source for Chinese news reading because most of the Chinese made English sites update at a very slow speed. The news won’t be “news” if it doesn’t new, right? Anyway, here are 2 main Chinese online media:   sohu.com (English version) and sina.com (English version)

sina.com: It’s simple the best Chinese portal for English readers. Great design, practical features too.

sohu.com: To be more precise, it’s designed for Chinese who want to learn English. But yeah, they have “up-to-date” news.