China Gezhouba Group (600068.SH), a building material manufacturer and distributor, will build around 10% of the Hubei province section of the Shanghai-Wuhan-Chengdu railway line, the Securities Times reported. Wuhan is the capital of Hubei province and Chengdu is the capital of Sichuan province. China Gezhouba will take responsibility for just US$233.27 mil...

European aircraft maker Airbus said Wednesday that it will provide technical support to a US$145.92 million (RMB1 billion) joint venture repair and maintenance base in Chengdu, the capital of western China’s Sichuan province, China Business News reported. Sichuan Airlines will hold a 42% stake in the joint venture, Hong Kong Aircraft Engineering Co 40%...

Sichuan’s earthquake last week has already lead to almost US$10 billion in direct losses. The Shanghai Securities News looks at the effect of the quake on the local economy