Subdivisions of China

"China is pushing forward with revolutionising the supply side, forcing unhealthy companies and those companies that produce poor quality products to take corrective action or go out of business" says Dong Mingzhu, the leader of the US$22 billion air-conditioning giant, Gree Electric Appliances, inc.

Trucks carrying hi-tech car components rumble in and out the gates of an American industrial zone in the heart of China's rust belt -- using roads that the city especially renovated for the complex.

Asia's biggest carrier China Southern Airlines said higher jet fuel costs clipped its profit in the first half, while China Eastern earnings rose but only with the help of a one-off asset sale.

Rescuers picked away rubble from around a body in an area shaken by a powerful earthquake in mountainous southwestern China, then stood silently in a row, with helmets off and heads bowed to pay their respects.

At least 13 people were killed and 175 more injured late Tuesday after a powerful earthquake struck a popular tourist area in southwest China, according to state media, quoted by CNN.

Of those hurt, about 28 had been severely injured, state-owned media outlet Xinhua said. The quake struck Jiuzhaigou County in China's southwestern Sichuan Province late on Tuesday night.

7 people were injured in an explosion in a freight train wagon at the Chinese city of Chongqing, RIA Novosti reported.

According to the police, the freight train arrived at Chongqing Station from Huaihua City in Hunan Province. The explosion has occurred in a wagon that carries auto parts, medications, cosmetics, and batteries.

HBIS Group Serbia Iron and Steel (Hesteel) has received USD 77 million in revenues from the sale of over 120,000 tons of finished steel products in May.

The company announced that this was "the greatest success in the year since since the arrival HBIS in Serbia."

TANGSHAN - After meeting with the governor of China's Hebei province, Xu Qin, in Tangshan on Tuesday, Serbian PM and President-elect Aleksandar Vucic said they had discussed various forms of cooperation.

Vucic said that the province, which has a population of 74 million, had a GDP of 500 billion dollars - many times more than Serbia.

China launched its first domestically built aircraft carrier on April 26 amid rising tension over North Korea and worries about Beijing's assertiveness in the South China Sea.

State media has quoted military experts as saying the carrier, China's second and built in the northeastern port of Dalian, is not expected to enter service until 2020, once it has been kitted out and armed.

DAVOS - Serbian PM Aleksandar Vucic met with Chinese President Xi Jinping on the fringes of the World Economic Forum (WEF) in Davos on Tuesday.

Vucic said earlier he would raise several very significant questions for Serbia, including establishing direct flights from Belgrade to Beijing and the start of works on upgrading the rail line from Belgrade to Budapest.