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China Bookworm Literary Award

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       With judges including A Concise Chinese-English Dictionary for Lovers-author Guo Xiaolu and translator (e.g. Running Through Beijing) and editor Eric Abrahamsen, the China Bookworm Literary Award seems well-positioned to select worthy new Chinese fiction deserving of translation -- and now they've announced the first winners of the award, with the winner getting 5000RMB, and both the first and second place titles to be published in English translation.
       Hard to judge based on the brief descriptions available here, but second-place-winner Li Ziyue's I Am in the Red Chamber, You are on the Journey to the West is one of the best titles I've heard this year.

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