Chinese News

Chinese Left Guessing Over High Speed Rail Crash

The investigation into a bullet train crash in China last summer that killed 40 people has come and gone with no public report on what led to the disaster. The secrecy surrounding the probe, which ended in September, is typical …

Chinese Insurer Ping An Says Profit Up 33 Percent

Ping An Insurance Co. of China Ltd. said Thursday its fast-growing banking business helped to boost profit for the first half by nearly 33 percent. Profit for the six months ending June 30 was 12.8 billion yuan ($1.9 billion), Ping …

Chinese Bullet Train Maker Halts Some Production

A Chinese bullet train manufacturer has halted some production while it investigates equipment failures in a new setback for Beijing’s high-speed rail ambitions following a July crash that killed 40 people. Repeated delays blamed on equipment failures on the Beijing-Shanghai …