China went on a commodity buying binge during the last eight months, snapping up materials that had tumbled from record high levels during the first quarter of 2008 to bargain prices by the beginning of this year. The Chinese purchases were so significant that they were primarily responsible for the recent rebound in global prices for a number of commodities, say industry sources. Photo: iStock Photo China is buying copper ingots and stockpiling it in warehouses and ports. Source: IHS Global Insight Related Links: Competition Intensifies as Recession Deepens Industry Has Little Confidence About Near-Term Market Gains Medical Costs Trump
Nearly a month after Beijing’s uncompleted and not-yet-occupied Television Cultural Center (TVCC) highrise was ignited by fireworks, leaving it a charred shell, project members suggested new ideas about how the fire started and spread. Few are willing to speak on the record, but one developer unconnected to the project even proposed prohibiting fireworks in dense Beijing. Photo: AP/Wide world How the fireworks penetrated the building’s cladding remains unknown. Related Links: Beijing Official Says Frame Of Hotel Is Intact After Blaze Adjacent to the iconic headquarters of China Central Television (CCTV), the new structure burned the night of Monday, Feb. 9,
