China President Xi Jinping’s first public move to combat corruption in the People’s Liberation Army is the biggest step in his campaign to build it into a combat- ready force after decades in which the military served partly as a money-making vehicle.
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.
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.
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.