Society
- Details
- By David Cao
- Hits: 801
BlueScope Steel Ltd. (BSL), Australia’s largest steelmaker that today reported A$1 billion ($1 billion) full-year loss, aims to raise output capacity in China by 33 percent to tap demand in the world’s biggest consumer.
“We have a business in China that’s going from strength to strength,” Paul O’Malley, chief executive officer of the Melbourne-based company, said today in an interview. “We’re building a new facility in Xi’an so that we can actually participate in the growth in Western China. I would say over the next few years we will look to add another facility.”
Read more: BlueScope to Raise Steel Capacity in China 33% to Meet Demand
- Details
- By David Cao
- Hits: 723
China’s liquefied natural gas imports rose to a record in July as consumption climbed, customs data showed.
LNG imports gained 66 percent to 1.18 million metric tons, according to data from the Beijing-based General Administration of Customs today.
Imports of LNG cost an average $433 a ton in July, or $8.30 per million British thermal units, 47 percent higher than a year earlier, according to Bloomberg calculations. The country paid $424 a ton for the fuel in June. That compares with $3.89 per million British thermal units for benchmark U.S. gas futures traded at Henry Hub today.
Read more: China’s July LNG Imports Climb to a Record on Demand for Gas
- Details
- By David Cao
- Hits: 702
An injured man receives medical treatment at the People's Hospital in Changzhi of north China's Shanxi Province, Aug. 20, 2011. A boiler exploded early Saturday in the Chengqu Hospital in Changzhi, leaving three people dead and 17 others injured.
Three people were killed and 17 others injured, two severely, after a blast ripped through a boiler room in a hospital in northern Chinese city of Changzhi Friday, local authorities said.
Read more: 3 killed, 17 injured in hospital blast in north China city
- Details
- By David Cao
- Hits: 720
China's state news agency said Monday that 11 people died and at least 120 were sickened after consuming vinegar that had been put in barrels once used to store toxic anti-freeze.
The Xinhua news agency said residents of Sangzhu village in China's northwest Xinjiang region consumed the vinegar during a large Ramadan feast on Saturday, following a day of fasting. All the victims were ethnic Muslims. Xinhua said children as young as six were among the dead.
- Details
- By David Cao
- Hits: 915
China started building 7.218 million units of low-income housing in the first seven months of this year, the Ministry of Housing and Urban-Rural Development said Friday.
Construction of such houses accelerated significantly in July, the ministry said in a statement on its website. The statistics did not include the number in Tibet Autonomous Region, it added.
The government vowed to start construction of 10 million units of low-income housing this year, part of the five-year plan to build 36 million units by 2015.
The government hopes such affordable houses can stabilize the country's runaway property prices.
More Articles …
Page 70 of 254