Chinese property developers including Gemdale Corp. and Beijing Capital Development Co. denied a China Central Television report, which claimed they were among 45 firms that failed to pay at least 3.8 trillion yuan ($624 billion) in land taxes between 2005 and 2012.
China Petroleum & Chemical Corp., Asia’s largest refiner, said operations at its “super-large” production complex in Qingdao will be disrupted after a crude pipeline leak and blast that killed at least 52 people.
An explosion at a China Petroleum & Chemical Corp. oil pipeline and the nation’s deadliest spillage since at least 2005 may threaten the government’s efforts to lure investment to state-controlled industries as President Xi Jinping called for improved industrial safety.
An explosion and fire yesterday at a pipeline belonging to China Petroleum & Chemical Corp., Asia’s largest refiner, killed at least 35 people and leaked oil into the sea in the nation’s deadliest spillage since at least 2005.
Zoomlion Heavy Industry Science and Technology Co. gained in Hong Kong trading after a Chinese daily apologized for publishing unverified stories questioning the finances of the construction-machinery manufacturer.
A Chinese journalist detained by police from Hunan province for allegedly defaming a state-owned company said he accepted payments in exchange for releasing fabricated reports, China Central Television said.