On June 30,
Taiwan opened its doors to Chinese mainland
investment, with 100 categories
of businesses in manufacturing, service and infrastructure industries on the
list of investment. Since the mainland permitted investment from
Taiwan in 1991, as much as US$ 77.1
billion of capital has flown across the strait, an imbalance Taiwanese
authorities have said they would like to correct in order to boost the island's
economy. China's Ministry of
Commerce has called upon Taiwan to open even more sectors to mainland
investment, an official from the ministry said after Taiwan's
announcement. The official added that the ministry will soon lead groups of
mainland entrepreneurs from eight sectors – including textile, construction and
electronic engineering – to visit Taiwan. However, an economic official
in Taiwan admitted the list
does not include all categories mainland investors are interested in because
Taiwan authorities must keep local
businesses and markets in mind first.
Shanghai authorities attributed the June 27 collapse of a 13-story apartment building at
Shanghai's
"Lotus Riverside" apartment complex, which killed one worker, to the large
amount of soil excavated for the construction of an underground garage. The
trench left by the excavation affected the balance of forces at the base of the
building, an investigator said, adding that the weight of soil piled on the
opposite side may have intensified the destabilizing effect. Local Meilong
government officials were said to be involved in company management for the
developer of this project, Shanghai Meilong Real Estate, which used to be a
state-owned enterprise.
Following this collapse,
the Ministry of Housing and Urban-Rural Development called for a comprehensive
quality inspection of habitation buildings under construction across the
country, mainly focusing on the foundation and framework of a
building.
Two passenger trains
collided on June 29 at the
Chenzhou station in Hunan Province, killing three people and injuring more than
60. The pre-dawn crash, which derailed train cars, occurred between a train
going from the provincial capital Changsha to the southern city of Shenzhen and
another Shenzhen-bound train. The railway minister traveled to Chenzhou to
oversee rescue operations.