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| BUSINESS |
THE China National
Offshore Oil Corporation (CNOOC) is considering linking up with
an international partner to smooth its acquisition of US oil group
Unocal. |
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| Nation |
- Weather
- Week
in brief
- CNOOC
firm on Unocal plans
THE China
National Offshore Oil Corporation (CNOOC) is considering linking
up with an international partner to smooth its acquisition of
US oil group Unocal.
- FX
learning centre opens
FUJI Xerox
(China) Co Ltd (FXCL) announced the opening of its learning
and development centre in Shanghai on July 1.
- Chemical
research co-operation grows
SHANGHAI
Huayi Group, one of China¡¯s chemical giants, unveiled its
advanced chemistry and chemical technology research centre at
the East China University of Science and Technology on July
4.
- Power
grid investment rush
SIEMENS Switchgear
Ltd (SSLS), a joint venture between Siemens Power Distribution
and Transmission (PDT) Group and Shanghai Electrical (Group)
Corp, is poised to expand its production capacity to ride the
boom in the world¡¯s largest PDT equipment market.
- Brief
- City
street gassed
A STEEL bottle
containing liquid ammonia exploded in Huinan Town, Nanhui District,
on July 4, injuring 108 people nearby, the Shanghai-based Youth
Daily reported.
- Furious
furnishers
REPRESENTING
50 furniture producers from Europe and the United States, seven
high-level executives from five top furniture producers came
to Shanghai recently to fight against local copycats, the Oriental
Morning Post reported.
- Insecticide
affects passengers
PASSENGERS
in Shanghai Pudong International Airport were suddenly affected
by noxious fumes on July 1. Staff with the airport said the
fumes were probably caused by insecticide spraying, the Oriental
Morning Post reported.
- Clear
cut case
A LOCAL hospital
was ordered to pay a couple from Zhejiang Province 6,000 yuan
(US$725) for the mental distress they suffered after their dead
daughter was dissected by the hospital.
- In
line of duty
YAN Dehai,
a 43-year-old Shanghai policeman who saved more than 70 homes
from being burned late last month, died on the afternoon of
July 1 from the failure of several organs, leaving behind a
wife and a 14-year-old son.
- Report
raises more questions
THE much-awaited
evaluation report on the disputed lake-bed lining project of
Yuanmingyuan Garden, also known as the Old Summer Palace, was
finally released on July 5 after three months¡¯ work by
experts from Tsinghua University.
- Numbers
of the week
1
- Finance
official faces graft charge
XU Fangming,
director general of the Finance Department under the Finance
Ministry, was arrested on corruption charges on July 4, after
investigations into a series of corruption scandals at the Agricultural
Development Bank of China, Xinhua News Agency reported.
- China
counts down to next men in space
CHINA has
begun training six astronauts, two of whom will enter orbit
in September¡¯s Shenzhou VI mission, domestic media said
on July 4. The September launch will be the next step in the
country¡¯s lofty space ambitions.
- Stock
losses normal for small investors
OVER 85 per
cent of medium- and small-scale stock investors in China have
incurred losses in the first half of the year, with their losses
ranging between 30 to 50 per cent, the China Securities Journal
reported recently.
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