As a young man during China’s Cultural Revolution, Jiang Jianqing was sent to the countryside to work as a farmer and a coal miner. This week, he arrives at the top of a Swiss mountain as chairman of the world’s most- profitable bank and representative of the most-populous nation.
Cargolux Airlines International SA, Europe’s biggest freight-only carrier, said today its board has backed a cooperation agreement with the Chinese group buying a 35 percent stake held by the Luxembourg government.
Aluminum producers in Henan province, the largest maker of the metal in China, agreed to curtail 700,000 metric tons of capacity, a metals association official said, confirming a Xinhua News Agency report.
Foxconn Technology Group, the contract maker of Apple Inc. iPhones and Hewlett-Packard Co. computers, plans to establish a factory with 300,000 workers in central China’s Henan province , the local government said.
On a crushingly hot mid-August day at Foxconn Technology Group’s Longhua factory campus in Shenzhen -- where a dutiful army of 300,000 employees eats, sleeps, and churns out iPhones, Sony Corp. PlayStations, and Dell Inc. computers -- workers indulged in a rare moment of celebration.
The death toll from a coal mine accident in China’s central province of Henan rose to 26 today, and 11 miners were still trapped, the state-run Xinhua News Agency said, citing unidentified government officials.