Bank of China told local media that by the end of January its outstanding loans stood at nearly CNY1.6 trillion compared to CNY87.29 billion at the beginning of the year.

Oshkosh Corporation has broken ground for a new manufacturing facility in Tianjin to produce JLG access equipment specifically for the Asian market.

After inspecting Qingchuan and Guangyuan in Sichuan Province for three days, more than 40 companies from Zhejiang Province have decided to donate CNY20.8 million for nine schools, and signed four letters of intent for investment projects totaling CNY400 million.

International Building Technologies Group, Inc. has announced that the Chinese Government has granted approval for the company to acquire 88% of China based Wuhan Wufeng Machinery Manufacturing Company.

The Mianzhu City factory of Jiannanchun Group, a key alcohol manufacturer in China, has been shut down because of the earthquake in Wenchuan, Sichuan Province.

Based on the information provided by Sichuan Jiangyou Pangang Group Hospital, Baoji Quality Department of Shaanxi Province has punished a cotton maker for poor quality products.

Zhong Shanshan, president of Nongfu Spring, told First Financial Daily that to support the earthquake relief of the disaster areas in Sichuan, Nongfu Spring will invest RMB300 million to build a mineral water factory in these areas.

Heart to Heart International Inc. and FedEx Express have delivered the first private airlift of relief supplies to China following a massive earthquake in Sichuan Province.

Zhang Zhengkui, special consultant to Terry Kuo, president of Taiwan based Foxconn, has donated RMB60 million to Sichuan earthquake victims on behalf of Terry Kuo, Foxconn Group and the company's employees. This is the largest sum of donation that Sichuan has received from a Taiwanese company.

Wells Fargo in the United States says it is working with its remittance network member bank Agricultural Bank of China to temporarily eliminate all remittance transfer fees for customers sending money using the ExpressSend service to friends and family in China impacted by the earthquake.