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Danwei Picks
Investigating a school collapsePosted by Joel Martinsen, June 3, 2008 6:17 PM
Danwei Picks is a daily digest of the "From the Web" links found on the Danwei homepage. A feed for the links as they are posted throughout the day is available at Feedsky (in China) or Feedburner (outside China). Why Juyuan Middle School collapsed: Peijin Chen translates a Southern Weekly investigation into the collapse of Juyuan Middle School: A later principal of the school, Lin Mingfu, had filed a report regarding the dangerous situation of the building to Dujiangyan education officials in 1998, saying that this building, constructed in 1986, had serious flaws. Officials told Lin to use some steel wires to hold up the part of the roof that was about to collapse rather than add anything to really buttress it. These few wires wrapped together are what held the building together until the day that it collapsed. There's also a translation of an interview with Lin Qiang, an education official in Sichuan and a former torchbearer.
The Beijing Vantone Real Estate Company plans to build the China Center, a combination chamber of commerce and cultural center, on floors 64 through 69 of the Freedom Tower, at the southeast corner of West and Vesey Streets. Although Vantone has been close to deals at two other sites downtown in recent years, a company executive and officials from the Port Authority of New York and New Jersey expressed confidence that it had finally found a home.
But China has many good points so sometimes when the news is bad, you have to draw attention to the other side of the coin.
The death toll from the devastating 8.0-magnitude earthquake three weeks ago in Sichuan Province increased by three to 69,019 as of Monday noon, the Information Office of the State Council said.
Presumably, the invited fund managers won't sell their holdings into the declining market. But, at the same time, with their cash flow limited, they will be restricted in their ability to buy into the declining market. After all, who wants to buy an investment that can't be sold?
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