The number of dead pigs found in Shanghai’s Huangpu river climbed to at least 6,600 as the official Xinhua News Agency reported a farm in neighboring Zhejiang province confessed to dumping carcasses in the water.
Shanghai said it’s increasing the frequency of water quality checks after the number of dead pigs found upriver from China’s largest commercial city more than doubled from the previous tally to almost 6,000.
Shenzhen Investment Ltd., a company backed by the namesake Chinese city, will buy land there from shareholder Shum Yip Group Ltd. for 4.15 billion yuan ($667 million) in stock, as it plans mixed-use projects.
Ping An Insurance (Group) Co. denied allegations by Century Weekly magazine that the insurer’s management may have helped fund Chinese backers of Thai billionaire Dhanin Chearavanont in his purchase of HSBC Holdings Plc’s stake in the company.
China ended its undeclared embargo of exports of crucial strategic minerals to the U.S., Europe and Japan, although shipments to Japan still encountered difficulties, the New York Times reported, citing four unidentified rare earth industry officials.