Word: forli
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As both Geithner and Wang Qishan well understand, there are other compelling reasons for the RMB to rise. A revaluation will help China rebalance its economy by increasing the attractiveness of imports from everywhere; both developing nations like Vietnam and Thailand, whose own industrial development has been stunted by an...
The explosion at the Massey Energy company's Upper Big Branch mine was the deadliest U.S. mining disaster in 26 years. The U.S. is one of the safest places for the profession; last year the country recorded 34 fatalities, an all-time low, according to the U.S. Department of Labor...
The safety disparity has many causes, including greater automation in the U.S. and a more sustained focus on workplace safety. China depends on relatively cheap coal as a key source of energy for its rapidly growing economy, and its mines churn out more than twice the amount as the U.S...
Independent safety experts have said that China's actual total of mining deaths could be much higher, since mine operators and local authorities face pressure to conceal accidents. This year nine Chinese reporters were jailed for accepting bribes to cover up a mine disaster in Hebei province that killed 34...
Chinese authorities have struggled for years to control mine disasters. Inspectors have forced the closure of small, illegal mines, but that has put more pressure on larger, more reputable operators, like the state-owned China National Coal Group, which co-owns the Wangjialing mine. And while the annual death totals...