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CHINESE VICE PRESIDENT Wang Zhen, an arch-conservative ideologue, died Friday of an undisclosed illness, the official media reported. He was 85. . . . DEMOCRATIC FUND RAISING is up 28 percent since 1988, but the party collected only half what the Republicans pulled in during the 1992 federal election season, the government said Thursday. . . . TWO 10-YEAR-OLD BOYS charged with kidnapping and killing toddler James Bulger appeared in court Friday in Liverpool, England, for the third time. The four-minute hearing was a formality so that magistrates could extend the order keeping the boys in detention.