Quake Costs Industry and Miners USD29.5 bn
Losses from last month's earthquake in Sichuan province have caused
losses of USD29.5 bn for industrial and mining firms, the State Council
Information Office said. Statistics show that about 4,000 companies had
resumed production and 1,500 remain suspended. The death toll from the
quake has officially risen to 69,136, with 17,686 people still missing.
China Issues More Internet Multimedia Licenses
The second patch of information network audio and video programme
licenses are going to be issued soon, the State Administration of
Radio, Film and Television said in a statement. These licenses allow
companies to legally run audios and videos on internet websites. In
April the government issued online audio and video licenses to 23
websites. To the surprise of many, popular sites such as Youku.com and
Tudou.com were not considered. The first P2P website in China to obtain
such a license was UUSee.com. Ku6.com was the first video sharing
website with such a license.
Beijing Bans Fireworks, Steps Up Olympic Controls
For a
three-month period around the Olympic Games in August, Beijing will ban
all fireworks in the capital. The suspension of fireworks sale starts
on 1 July and lasts until 8 October, state media reports. In addition,
the purchase of toxic chemicals is controlled as businesses and
individuals have to register with authorities. Warehouses, distributors
and mines are being ordered report to the local safety watchdog on a
weekly basis in July, and daily in August.
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