ecns [expanded by feedex.net]
ecns
2 dead, 11 injured in NE China warehouse collapse
http://www.ecns.cn/2015/01-03/149087.shtml
Jan 2nd 2015, 23:52
2015-01-03 08:52 Web Editor: Si Huan
Two firefighters were dead and another 11 were injured in a warehouse collapse in Harbin city of northeast China's Heilongjiang Province, according to local authorities.
At least one firefighter remains buried at the collapse site, said Song Xibin, the city mayor.
Song said that local rescue forces are still continuing rescue efforts.
The firemen were buried when they were trying to put out the fire, which burnt down the third floor of a market warehouse at the Beifangnanxun ceramics market at about 10 p.m.on Friday, burying firemen on the second floor, according to a Xinhua reporter at the scene.
The 11 injured firemen were rushed to hospital. Three of them were in critical condition.
The warehouse is part of a 11-storeyed residential building. The first to third floor are used as warehouses and the rest eight floors are residential areas.
The fire, which broke out at about 1 p.m., is yet to be put out. Residents nearby have been evacuated.
The cause of the fire is being investigated.
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Friday, January 2, 2015
ecns [expanded by feedex.net]: China SOE executives to face major pay cuts
ecns [expanded by feedex.net]
ecns
China SOE executives to face major pay cuts
http://www.ecns.cn/business/2015/01-03/149090.shtml
Jan 3rd 2015, 00:11
2015-01-03 09:11 CRIENGLISH.com Web Editor: Si Huan
A new reform plan for the payment packages of top executives at China's large state-owned enterprises has come into effect.
Executives of 72 SOEs will see their salary packages shrink this year, including China's largest oil and gas producer CNPC, Sinopec, and communications firm China Mobile.
The salary reform will also affect executive paychecks and corporate expenses of state-held enterprises.
New regulations have also formed a revised salary structure composed of basic wage, performance-related payment and incentive income.
Under the new rules, the total annual salary of SOE executives should not be more than seven to eight times of the average staff wage.
Meanwhile, SOE executives are required to disclose their salaries.
The salary reform is part of a broader reform plan in the SOE sector, which have centered on bringing in private capital to foster modern governance systems and develop a mixed-ownership economy.
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ecns
China SOE executives to face major pay cuts
http://www.ecns.cn/business/2015/01-03/149090.shtml
Jan 3rd 2015, 00:11
2015-01-03 09:11 CRIENGLISH.com Web Editor: Si Huan
A new reform plan for the payment packages of top executives at China's large state-owned enterprises has come into effect.
Executives of 72 SOEs will see their salary packages shrink this year, including China's largest oil and gas producer CNPC, Sinopec, and communications firm China Mobile.
The salary reform will also affect executive paychecks and corporate expenses of state-held enterprises.
New regulations have also formed a revised salary structure composed of basic wage, performance-related payment and incentive income.
Under the new rules, the total annual salary of SOE executives should not be more than seven to eight times of the average staff wage.
Meanwhile, SOE executives are required to disclose their salaries.
The salary reform is part of a broader reform plan in the SOE sector, which have centered on bringing in private capital to foster modern governance systems and develop a mixed-ownership economy.
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ecns [expanded by feedex.net]: New Asian bank to go into operation by year end
ecns [expanded by feedex.net]
ecns
New Asian bank to go into operation by year end
http://www.ecns.cn/business/2015/01-03/149088.shtml
Jan 2nd 2015, 23:55
2015-01-03 08:55 Xinhua Web Editor: Si Huan
The Asian Infrastructure Development Bank (AIIB) is expected to go into operation before the end of 2015, according to China's Ministry of Finance (MOF).
MOF said that the founding nations of the bank are expected to complete negotiations over and subscription of the bank's charter and regulations before June this year.
A MOF statement also said that the Maldives has become the latest prospective founding member of the bank after a consensus was reached among the 22 existing members on Dec. 31.
So far, the number of Prospective Founding Members of the AIIB has increased to 23, including Bangladesh, Brunei, Cambodia, China, India, Indonesia, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, the Philippines, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan, Vietnam, and the Maldives.
The MOF said any country interested in the AIIB is welcomed to join the bank.
The AIIB, an inter-governmental regional development institution in Asia, has an authorized capital of 100 billion U.S. dollars and the initial subscribed capital is expected to be around 50 billion dollars.
According to a memorandum of understanding signed in October 2014, Beijing will be the host city for the AIIB's headquarters.
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ecns
New Asian bank to go into operation by year end
http://www.ecns.cn/business/2015/01-03/149088.shtml
Jan 2nd 2015, 23:55
2015-01-03 08:55 Xinhua Web Editor: Si Huan
The Asian Infrastructure Development Bank (AIIB) is expected to go into operation before the end of 2015, according to China's Ministry of Finance (MOF).
MOF said that the founding nations of the bank are expected to complete negotiations over and subscription of the bank's charter and regulations before June this year.
A MOF statement also said that the Maldives has become the latest prospective founding member of the bank after a consensus was reached among the 22 existing members on Dec. 31.
So far, the number of Prospective Founding Members of the AIIB has increased to 23, including Bangladesh, Brunei, Cambodia, China, India, Indonesia, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, the Philippines, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan, Vietnam, and the Maldives.
The MOF said any country interested in the AIIB is welcomed to join the bank.
The AIIB, an inter-governmental regional development institution in Asia, has an authorized capital of 100 billion U.S. dollars and the initial subscribed capital is expected to be around 50 billion dollars.
According to a memorandum of understanding signed in October 2014, Beijing will be the host city for the AIIB's headquarters.
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ecns [expanded by feedex.net]: Shanghai team to deal with aftermath of tragedy
ecns [expanded by feedex.net]
ecns
Shanghai team to deal with aftermath of tragedy
http://www.ecns.cn/2015/01-03/149089.shtml
Jan 3rd 2015, 00:06
2015-01-03 09:06 Shanghai Daily Web Editor: Si Huan
Police officers yesterday stand guard at the location where people were killed in the stampede during the New Year's Eve celebration on the city's historic waterfront area. — Aly Song
Ten people sustained severe injuries in the New Year's Eve stampede that claimed the lives of 36 people in Shanghai, local authorities said on Friday.
Four of them are in a critical condition but they are improving.
The injury toll rose to 49 after Changzheng Hospital received two more patients on Thursday but they were released shortly afterward after treatment for minor injuries.
Another 11 people were allowed home yesterday while 29 others are still undergoing treatment, said Wu Jinglei, a spokesman for the city's health and family planning commission.
Wu said the identities of all the injured had been confirmed and hospitals had contacted their next of kin.
The 29 injured victims are being cared for at the city's three top-level hospitals — Shanghai No.1 People's Hospital, Ruijin Hospital and Changzheng Hospital.
Two seriously injured patients have been moved to Ruijin Hospital from Huangpu District Central Hospital for treatment.
Two of the injured victims being treated at Ruijin are in a critical condition. One of them suffered kidney damage in the crush, and the other is on a ventilator, said Chen Erzhen, the hospital's deputy director.
The other seven patients at the hospital were mainly suffering from arm and leg fractures, bruises and chest injuries, he said.
Two patients are in a critical condition at Shanghai No.1 People's Hospital, said Xia Shujie, its deputy director. One is on a heart and lung machine, Xia added.
The health commission has organized eight experts from the municipal mental health center and summoned another 40 to prepare to offer counseling services to stampede victims at the three hospitals, Xinhua news agency reported.
Wu said that most of them were not suffering any mental trauma, but there were some who had exhibited some abnormal behavior.
One slightly injured female patient, for example, had refused to talk or answer any questions when she was taken to Ruijin Hospital, he said. Doctors arranged for a nurse to give her counselling and she had since recovered.
Meanwhile, the city's education authority is arranging counselling for university students who had witnessed the tragic events on the Bund.
Police have launched an investigation into the cause of the stampede.
The city government has set up a working team for rescue operations and to deal with the aftermath.
Some survivors initially said the stampede might have been triggered when people started to throw coupons resembling US banknotes to revellers outside the M18 bar but police have discounted any link.
Police said on Thursday that the coupon throwing happened at 11:46pm, some time after the stampede and at some distance away.
The city government has been criticized for not taking effective preparative measures to cope with the crowds that flock the Bund, although it did close the nearest subway station to the area, Xinhua news agency said.
Last year, officials were caught off-guard when nearly 300,000 people turned up for the New Year countdown at the Bund. It had been canceled this year, but police said the number of people gathered along the Bund by 8:30pm on Wednesday had exceeded last year's figure.
"We started to add manpower since 7pm due to the increase of revelers and added another hundreds of persons after the accident," said Cai Lixin, a deputy chief commander at the Huangpu branch of the city's Public Security Bureau.
At 11:32pm, the official microblog account of local police began to suggest people find other places to celebrate New Year. Police then noticed unusual activity at the south part of Chen Yi Square and when they moved in the full extent of the tragedy became evident.
The city government last night released the names of another three victims crushed to death in the stampede, all young women aged 21 to 26.
Authorities have yet to identify the last of the victims.
All but four of the dead on a list of 32 identified victims released earlier were aged 25 or under, and 21 were female. The youngest was a 12-year-old boy, Mao Yongjie.
He became separated from his mother in the overwhelming flow of revelers, news magazine Caixin reported, and efforts by hospital staff to save his life failed. His mother spent New Year's day crying until she passed out from exhaustion, Caixin added.
The oldest fatality was Du Shuanghua, 37, whose wife told AFP he was the family's only breadwinner and she had not yet told their 8-year-old son his father was dead.
Fan Ping showed AFP pictures of the family on her phone, but struggled to find the one she wanted her husband to be remembered by, before refusing to look at it herself.
Friends with Du told Fan her husband was still conscious when he was taken to Shanghai No.1 People's Hospital. But she never saw him alive again.
0)
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ecns
Shanghai team to deal with aftermath of tragedy
http://www.ecns.cn/2015/01-03/149089.shtml
Jan 3rd 2015, 00:06
2015-01-03 09:06 Shanghai Daily Web Editor: Si Huan
Police officers yesterday stand guard at the location where people were killed in the stampede during the New Year's Eve celebration on the city's historic waterfront area. — Aly Song
Ten people sustained severe injuries in the New Year's Eve stampede that claimed the lives of 36 people in Shanghai, local authorities said on Friday.
Four of them are in a critical condition but they are improving.
The injury toll rose to 49 after Changzheng Hospital received two more patients on Thursday but they were released shortly afterward after treatment for minor injuries.
Another 11 people were allowed home yesterday while 29 others are still undergoing treatment, said Wu Jinglei, a spokesman for the city's health and family planning commission.
Wu said the identities of all the injured had been confirmed and hospitals had contacted their next of kin.
The 29 injured victims are being cared for at the city's three top-level hospitals — Shanghai No.1 People's Hospital, Ruijin Hospital and Changzheng Hospital.
Two seriously injured patients have been moved to Ruijin Hospital from Huangpu District Central Hospital for treatment.
Two of the injured victims being treated at Ruijin are in a critical condition. One of them suffered kidney damage in the crush, and the other is on a ventilator, said Chen Erzhen, the hospital's deputy director.
The other seven patients at the hospital were mainly suffering from arm and leg fractures, bruises and chest injuries, he said.
Two patients are in a critical condition at Shanghai No.1 People's Hospital, said Xia Shujie, its deputy director. One is on a heart and lung machine, Xia added.
The health commission has organized eight experts from the municipal mental health center and summoned another 40 to prepare to offer counseling services to stampede victims at the three hospitals, Xinhua news agency reported.
Wu said that most of them were not suffering any mental trauma, but there were some who had exhibited some abnormal behavior.
One slightly injured female patient, for example, had refused to talk or answer any questions when she was taken to Ruijin Hospital, he said. Doctors arranged for a nurse to give her counselling and she had since recovered.
Meanwhile, the city's education authority is arranging counselling for university students who had witnessed the tragic events on the Bund.
Police have launched an investigation into the cause of the stampede.
The city government has set up a working team for rescue operations and to deal with the aftermath.
Some survivors initially said the stampede might have been triggered when people started to throw coupons resembling US banknotes to revellers outside the M18 bar but police have discounted any link.
Police said on Thursday that the coupon throwing happened at 11:46pm, some time after the stampede and at some distance away.
The city government has been criticized for not taking effective preparative measures to cope with the crowds that flock the Bund, although it did close the nearest subway station to the area, Xinhua news agency said.
Last year, officials were caught off-guard when nearly 300,000 people turned up for the New Year countdown at the Bund. It had been canceled this year, but police said the number of people gathered along the Bund by 8:30pm on Wednesday had exceeded last year's figure.
"We started to add manpower since 7pm due to the increase of revelers and added another hundreds of persons after the accident," said Cai Lixin, a deputy chief commander at the Huangpu branch of the city's Public Security Bureau.
At 11:32pm, the official microblog account of local police began to suggest people find other places to celebrate New Year. Police then noticed unusual activity at the south part of Chen Yi Square and when they moved in the full extent of the tragedy became evident.
The city government last night released the names of another three victims crushed to death in the stampede, all young women aged 21 to 26.
Authorities have yet to identify the last of the victims.
All but four of the dead on a list of 32 identified victims released earlier were aged 25 or under, and 21 were female. The youngest was a 12-year-old boy, Mao Yongjie.
He became separated from his mother in the overwhelming flow of revelers, news magazine Caixin reported, and efforts by hospital staff to save his life failed. His mother spent New Year's day crying until she passed out from exhaustion, Caixin added.
The oldest fatality was Du Shuanghua, 37, whose wife told AFP he was the family's only breadwinner and she had not yet told their 8-year-old son his father was dead.
Fan Ping showed AFP pictures of the family on her phone, but struggled to find the one she wanted her husband to be remembered by, before refusing to look at it herself.
Friends with Du told Fan her husband was still conscious when he was taken to Shanghai No.1 People's Hospital. But she never saw him alive again.
0)
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ecns [expanded by feedex.net]: Macao casinos see their worst year
ecns [expanded by feedex.net]
ecns
Macao casinos see their worst year
http://www.ecns.cn/business/2015/01-03/149086.shtml
Jan 2nd 2015, 23:48
2015-01-03 08:48 Web Editor: Si Huan
Macao, the gambling capital of the world, saw its annual casino revenues decline for the first time in 2014 data released on Friday, as the Chinese government's corruption crackdown ended a decade of booming growth for the industry.
The release of special administrative region data showed gaming revenues falling by 2.6 percent year-on-year to 351.52 billion patacas ($44 billion) last year, the only decline since annual figures were first made public in 2002.
Last month's takings were especially dire, plunging by a record 30.5 percent year-on-year to 23.285 billion patacas. It was the seventh consecutive month of decline and the biggest drop since the gambling hub began recording monthly revenues in 2005.
Barclays analyst Phoebe Tse said China's high-profile corruption crackdown was a major factor pushing down the SAR's casino earnings in 2014.
"It has had a significant negative impact on VIP playing sentiment," she said.
Macao is the only part of China where casino gambling is legal, and the industry is dependent on big spenders from the mainland.
But the big rollers have been reined in by the anti-graft drive, in which President Xi Jinping vowed to crack down on high-ranking officials, described as "tigers", along with low-level "flies", in a campaign that includes curbing lavish spending.
Shares of casino operators listed on the Hong Kong Stock Exchange tumbled on Friday after the announcement — SJM Holdings shares fell by over 2.5 percent and Wynn Macao by more than 3.5 percent in afternoon trading.
Experts had predicted that growth in the VIP segment, which accounts for two-thirds of Macao's gaming industry revenues, would be limited by the continued focus on corruption.
Revenues hit a record $45 billion in 2013, official figures showed.
Xi, on a visit to Macao last month, said the territory should diversify away from casinos.
"Macao is now entering into a period of consolidation," said gaming expert Ben Lee of iGamiX in Macao.
"Casinos will now have to turn to real marketing and operational efficiencies to drive profitability," he said.
Lee predicted that the slowing trend will continue into the second quarter of this year until casinos open proposed expansions, which would stimulate the industry.
Casino operators have plans to expand their operations on the Cotai Strip, a former swamp that is being reclaimed and transformed into mass-market resorts.
Macao overtook Las Vegas as the world's casino capital in terms of revenue after the sector was opened to foreign competition in 2002, and it now enjoys gambling revenues multiple times that of the city in the United States.
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ecns
Macao casinos see their worst year
http://www.ecns.cn/business/2015/01-03/149086.shtml
Jan 2nd 2015, 23:48
2015-01-03 08:48 Web Editor: Si Huan
Macao, the gambling capital of the world, saw its annual casino revenues decline for the first time in 2014 data released on Friday, as the Chinese government's corruption crackdown ended a decade of booming growth for the industry.
The release of special administrative region data showed gaming revenues falling by 2.6 percent year-on-year to 351.52 billion patacas ($44 billion) last year, the only decline since annual figures were first made public in 2002.
Last month's takings were especially dire, plunging by a record 30.5 percent year-on-year to 23.285 billion patacas. It was the seventh consecutive month of decline and the biggest drop since the gambling hub began recording monthly revenues in 2005.
Barclays analyst Phoebe Tse said China's high-profile corruption crackdown was a major factor pushing down the SAR's casino earnings in 2014.
"It has had a significant negative impact on VIP playing sentiment," she said.
Macao is the only part of China where casino gambling is legal, and the industry is dependent on big spenders from the mainland.
But the big rollers have been reined in by the anti-graft drive, in which President Xi Jinping vowed to crack down on high-ranking officials, described as "tigers", along with low-level "flies", in a campaign that includes curbing lavish spending.
Shares of casino operators listed on the Hong Kong Stock Exchange tumbled on Friday after the announcement — SJM Holdings shares fell by over 2.5 percent and Wynn Macao by more than 3.5 percent in afternoon trading.
Experts had predicted that growth in the VIP segment, which accounts for two-thirds of Macao's gaming industry revenues, would be limited by the continued focus on corruption.
Revenues hit a record $45 billion in 2013, official figures showed.
Xi, on a visit to Macao last month, said the territory should diversify away from casinos.
"Macao is now entering into a period of consolidation," said gaming expert Ben Lee of iGamiX in Macao.
"Casinos will now have to turn to real marketing and operational efficiencies to drive profitability," he said.
Lee predicted that the slowing trend will continue into the second quarter of this year until casinos open proposed expansions, which would stimulate the industry.
Casino operators have plans to expand their operations on the Cotai Strip, a former swamp that is being reclaimed and transformed into mass-market resorts.
Macao overtook Las Vegas as the world's casino capital in terms of revenue after the sector was opened to foreign competition in 2002, and it now enjoys gambling revenues multiple times that of the city in the United States.
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Wednesday, December 31, 2014
ecns [expanded by feedex.net]: Chinese enjoy 2015 New Year celebrations
ecns [expanded by feedex.net]
ecns
Chinese enjoy 2015 New Year celebrations
http://www.ecns.cn/visual/hd/2014/12-31/55991.shtml
Dec 31st 2014, 08:45
2014-12-31 16:44 Web Editor:Li Yan
Students pose with lanterns written with "2015" to greet the upcoming New Year in Shenyang Agricultural University in Shenyang, capital of northeast China's Liaoning province, Dec 31, 2014. (Xinhua/Zhang Wenkui)
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ecns
Chinese enjoy 2015 New Year celebrations
http://www.ecns.cn/visual/hd/2014/12-31/55991.shtml
Dec 31st 2014, 08:45
2014-12-31 16:44 Web Editor:Li Yan
Students pose with lanterns written with "2015" to greet the upcoming New Year in Shenyang Agricultural University in Shenyang, capital of northeast China's Liaoning province, Dec 31, 2014. (Xinhua/Zhang Wenkui)
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ecns [expanded by feedex.net]: PLA recruits first domestic homing pigeons
ecns [expanded by feedex.net]
ecns
PLA recruits first domestic homing pigeons
http://www.ecns.cn/cns-wire/2014/12-31/149005.shtml
Dec 31st 2014, 08:55
2014-12-31 16:55 Web Editor: Mo Hong'e
(ECNS) -- A military homing pigeon team in Chengdu, Sichuan province, has for the first time recruited new domestic members, people.cn reported.
Pigeons that are recruited must fly very fast and be able to find precise locations, said Zhang Zhiquan, head of the team.
Wu Jia, whose job it is to train the homing pigeons, said these birds avoid threats like that from eagles by flying very high.
Eagles swoop downwards very rapidly but ascend slowly; by contrast, pigeons fly upwards very quickly, he explained.
After two months training, only pigeons that pass tests in stamina, courage and obedience are made full members.
In the digital era, the tradition of using carrier pigeons is maintained by the military because the birds are not easily interfered with by human activity and can accurately deliver messages to precise locations, experts have stated.
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ecns
PLA recruits first domestic homing pigeons
http://www.ecns.cn/cns-wire/2014/12-31/149005.shtml
Dec 31st 2014, 08:55
2014-12-31 16:55 Web Editor: Mo Hong'e
(ECNS) -- A military homing pigeon team in Chengdu, Sichuan province, has for the first time recruited new domestic members, people.cn reported.
Pigeons that are recruited must fly very fast and be able to find precise locations, said Zhang Zhiquan, head of the team.
Wu Jia, whose job it is to train the homing pigeons, said these birds avoid threats like that from eagles by flying very high.
Eagles swoop downwards very rapidly but ascend slowly; by contrast, pigeons fly upwards very quickly, he explained.
After two months training, only pigeons that pass tests in stamina, courage and obedience are made full members.
In the digital era, the tradition of using carrier pigeons is maintained by the military because the birds are not easily interfered with by human activity and can accurately deliver messages to precise locations, experts have stated.
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