CSR Corp. and China CNR Corp., the nation’s two biggest trainmakers, won bids for 258 bullet trains worth as much as 44.3 billion yuan ($7.3 billion) as China’s high-speed rail network opens new lines.
China Mobile Ltd. won state approval to start commercial service on the world’s largest fourth- generation wireless network, clearing a key hurdle to offering Apple Inc.’s iPhone to its 759 million subscribers.
Fujian province will pursue legal action against Zijin Mining Group Co. over pollution by its copper mine in the region, the Xinhua News Agency reported, citing a July 16 decision by the local government. The mine will remain shut pending review by regulators, and Zijing must protect the interests of the people affected, Xinhua reported.
China Solar Energy Holdings Ltd., the solar panel maker that’s lost 93 percent of its market value since 2007, said its chairman and two directors have been detained by Chinese authorities on allegations of fraud.