The Chinese version of the New York Times has already been live for a few months, and now you can view English and Chinese news stories side-by-side.
Just click on 「英中对照」 at the top of a story to view both the English and Chinese versions next to each other. Unfortunately, even though the website is available in both Traditional and Simplified versions, the side-by-side feature appears to only be available in Simplified Chinese, though this shouldn’t be a problem if you’re using the New Tong Wen Tang browser plugin that can convert a webpage between the two.
Viewing Chinese and English stories side-by-side, together with PeraPera-Kun Chinese Pop-Up Dictionary could be a very efficient way to study Chinese and increase your vocabulary.
Taiwan’s Liberty Times also offers a similar service.
Thanks to OCTW Chen for the heads up.