Seven people were killed and 11 others injured after a coach overturned on an expressway in Guangdong Province, local authorities said yesterday. The accident occurred around midnight of Monday on the Shenyang-Haikou Expressway in the section of the city of Yangjiang, southwestern Guangdong Province, according to the Yangjiang municipal publicity department. The 44-seat coach carried 47 people when the accident happened. Six people died at the site and another one died in a hospital. Eleven people had minor injuries. The cause of the accident is still being investigated.
Shenzhen: Listed developers posting rising profits this year
Listed real estate firms in Shenzhen saw fast profit growth in the first half of the year, according to their latest financial results. More than 30 developers have released their semi-annual reports with the Shanghai or Shenzhen stock exchanges, most of which saw a faster growth rate. According to Fang Ling, an analyst with research firm China Real Estate Information Corp, the results were partly due to booming sales in the past two years, as revenues for real estate firms are often recognized when the houses are delivered. Unearned revenue, which is linked to a property developer’s future results, saw a notable increase among the listed companies, indicating growth potential.
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