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Public transportation companies in Urumqi have received 5.25 million yuan ($768,668) in compensation for buses burned or damaged in the July 5 riot in the city that left 197 people dead and more than 1,600 others injured, local authorities said Wednesday. The money was to repair the 267 buses damaged in the riot, said a spokesperson with the office set up...
The South Korean electronics giant LG Display plans to build an advanced liquid-crystal display (LCD) factory in Guangzhou to capitalize on the China's fast-growing flat-screen television market, the company reported yesterday. The world's second-largest liquid-crystal display maker said in a statement that the company signed a preliminary agreement on ...
Two months after an under-construction residential high-rise toppled over in Shanghai's Minhang district, developers are being ordered to carry out mandatory safety checks in the future on all newly built apartments. The regulation will take effect Oct 1 and compel developers to check on the appearance, function and overall quality of apartments as well ...
Chalco, the dual-listed subsidiary of the Aluminum Corp of China, or Chinalco, reported a net loss of 3.52 billion yuan for the first six months of this year. The subsidiary of China's largest alumina (aluminum oxide) producer also denied media reports that parent Chinalco is in discussions with Rio Tinto over bauxite and alumina production. Listed on ...
China will continue with its stimulus initiatives, trying next to encourage more private investment for smaller firms, after massive government-led infrastructure spending stoked a strong economic rebound in the first half of the year. "More effort will be made to improve the credit structure and banking supervising system because small and medium enterpr...
China's rise as the world largest exporter, though significant, does not mean Chinese exports will be of as high a quality as Germany's goods, experts said. The Chinese government should seriously consider ways to improve the quality of goods for export and create more value-added products to strengthen its competitiveness, they said. For the first ti...
China's equities sank 2.59 percent Tuesday, breaking three days of gains, dragged down by heavyweights in banking, steel and non-ferrous metals sectors. The benchmark Shanghai Composite Index lost 77.63 points to finish at 2,915.8. The Shenzhen Component Index fell 3.21 percent, or 387.62 points, to end at 11,688.17. Combined turnover expanded to 249.1...
Eight miners trapped underground Monday by a flood in a graphite mine in central China's Hunan province were rescued Tuesday afternoon, a local government spokesman said Tuesday. They were rescued at about 2:10 pm, he said. The accident occurred around 6:00 pm Monday at Wangda Graphite Mine in Heye town, Guiyang county. The cause of the accident is b...
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