China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals.
China’s investigation of whether metals stockpiled at Qingdao Port fall short of collateral obligations used to secure loans is focused on Decheng Mining, said two bankers assisting with the probe.
Trina Solar Ltd., a Chinese manufacturer of solar panels, received approval from China’s Gansu Province for 50-megawatt solar power project.
A 41-year-old man died of endemic rural plague in northern China’s Gansu province after eating a marmot he caught at a construction site, the provincial government said.
A landslide in the Chinese northern province of Gansu on July 24 killed 13 mine workers fighting floods, the State Administration of Work Safety said today on its website.