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.
Shanghai warned children and the elderly to stay indoors for a second day as air quality in China’s commercial hub improved marginally from the worst levels since authorities started tracking pollution levels last year.
Qinhuangdao Port Co., operator of China’s biggest coal port, is seeking as much as $717 million in a Hong Kong initial public offering as first-time share sales in the city rebound from a nine-year low.
The mission for the near-dozen Communists sitting round a table at a Beijing ministry was explicit: criticize their boss, who was present. Party cadres carefully recorded their comments as they spoke, in an echo of sessions held decades ago under Chairman Mao Zedong’s direction.
On the evening of Sept. 25, Xi Jinping debuted in his role as China’s father-confessor across state-owned television stations. The occasion was the conclusion of three days of self-criticism sessions that the Chinese president oversaw in Hebei province. Wearing his signature black jacket and open-collared white shirt, Xi sat listening to nervous high-ranking local officials. They had reason to be worried: According to Xinhua News Agency, the state newswire, Xi had stern expectations for what would be accomplished (according to official press accounts, he attended four half-day sessions): “I don’t want to hear fancy words from you when I take part in your sessions. I want real criticisms and self-criticisms.”