Second China Factory Explosion This Month Leaves 7 People Dead
(Bloomberg) -- A blast at a Taiwan-listed company's factory in China on Sunday killed seven people, the government says, just over a week after an explosion in the same eastern province left scores dead.
The explosion at a metal-processing plant owned by Waffer Technology (Kunshan) Ltd. also injured five people, the government of Kunshan, which is in Jiangsu province and borders Shanghai, said in a post on its Weibo social media account. The blast was caused by a container of scrap metal bursting into flames and setting a workshop ablaze just after 7 a.m., the government said.
Waffer Technology (Kunshan) is a major production base for Taiwan-listed Waffer Technology Corp., according to the latter's website.
The industrial accident comes 10 days after an explosion at chemical plant in Chenjiagang, Jiangsu province. The official Xinhua News Agency updated the death toll for that incident to 78 on March 25. Police took people into custody over the incident in Chenjiagang, Xinhua reported earlier.
China has been seeking to make workplaces safer after industrial accidents that included a massive explosion in 2015 at a chemical warehouse in the northern port city of Tianjin that killed 173 people. A blast in 2014 at an auto-parts plant in Suzhou, also in Jiangsu, killed 146 people.
--With assistance from Jing Jin.
To contact Bloomberg News staff for this story: Dandan Li in Beijing at dli395@bloomberg.net
To contact the editors responsible for this story: Andrew Davis at abdavis@bloomberg.net, Philip Glamann, Stanley James
©2019 Bloomberg L.P.
With assistance from Bloomberg
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
