China’s State Environmental Protection Council released a report on Tuesday, announcing 45% of the country’s chemical plants pose grave risks to the environment, Xinhua news agency reports. Environmental safety measures need to be strengthened to ease the problem resulted from decades of disorganization of chemical industry distribution.

For the first half of 1006, China’s total railway investment mounts to 62.19 billion yuan, which is a 190% year-on-year jump. The Ministry of Railways said that the investment was mainly allocated for large- and middle-scaled construction projects.

China posted a record $14.5 billion trade surplus in June as exports surged, Bloomberg reports.

According to Reuters Beijing, China car sales in the first half of 2006 climbed almost 50 percent year on year, with General Motors staying out front.

The upcoming Third Generation Mobile Communication (3G) will attract great investment on China’s telecom sectors, reports People’s Daily. The manufacturers of equipment-building, optical fiber and optical cable, terminal building, system integration and other related sectors will all benefit from 3G.