Beijing seems to think it has made all the right moves and noises since the high-speed-rail accident near the Zhejiang town of Wenzhou last July.Monday, 2 January, 2012, 12:00am
Beijing seems to think it has made all the right moves and noises since the high-speed-rail accident near the Zhejiang town of Wenzhou last July. An investigation has been carried out and a report issued, top officials have been sacked and arrested, and the brakes put on breakneck construction and speeds. But confidence has not yet returned.2 Jan 2012 - 12:00am
Eleven mainland companies are on a corruption and fraud blacklist compiled by the World Bank.
Top of the list is the UK with 49 offenders, followed by Bangladesh with 38 and Indonesia with 37. The US has 17 companies and persons on the black list.13 Dec 2011 - 12:00am
Rumblings of discontent are starting to echo across the Yangtze River Delta. Dissatisfaction and frustration seem to be bubbling up among the worker bees who keep the world's factory ticking.
A pattern of strikes that began in the south of the country appears to have spread to the mainland's other industrial heartland.10 Dec 2011 - 12:00am
Wenzhou, regarded as the mainland's capital of private enterprise, plans to create an additional 120 microcredit firms in the next three years as it moves to liberalise private lending.10 Nov 2011 - 12:00am
A property developer in Zhejiang province has been sentenced to death for illegally raising 5.5 billion yuan (HK$6.73 billion) and for fraud involving 1.47 billion yuan. The severe punishment was meted out as the authorities step up a crackdown on pyramid schemes and underground banking.9 Nov 2011 - 12:00am