Latest news with #Chongqing-based
The Irish Sun
15-05-2025
- The Irish Sun
Family of security guard who died while having sex with girlfriend in office will get PAYOUT over ‘workplace accident'
THE FAMILY of a man in China who died while having sex during working hours will get compensation after his death was ruled an industrial accident. The man in his 60s, referred to just by his surname Zhang, died during the intimate act while working as a security guard. Advertisement 1 The man's death at work was deemed to be an "industrial accident" Credit: Getty He had been the sole guard a small factory in the Chinese capital Beijing before he died. Zhang had been required to work round the clock with no days off, Southern Metropolis News has reported. He had met his girlfriend in a security room on October 6, 2014 - where the couple proceeded to have sex. However, the security guard died during the intimacy. Advertisement read more in world news A police investigation determined he died suddenly, and there were no suspicious circumstances. The man's son Zhang Xiaoshi applied one year later for compensation at the Municipal Social Security Bureau. China's Industrial Injury Insurance Rule states that the death of an employee during working hours should be treated as an industrial accident. An employee's family can then get compensation through the employer and the social security authorities. Advertisement Most read in The US Sun Exclusive Latest But the son's request was initially denied by the authorities, who said Zhang had died while dating his girlfriend, not conducting his duties. Xiaoshi then took the factory and social security authorities to court in 2016. He argued that his dad's death should be considered and industrial accident as he had to work around the clock - forcing him to meet his girlfriend in the security room at work. Taking a rest was a worker's right, Xiaoshi contended. Advertisement The son said: "As an adult male, it was normal for my father to have emotional needs. "Having a romantic relationship is a part of that rest. He did not leave his work area. "So his sudden death should be declared an industrial injury." The court agreed and ruled that the father's death had happened during working hours. Advertisement Despite an appeal from the factory and the social security authority appealed, a higher court upheld the verdict. A February 2017 document from the social security authority confirmed that Zhang's death was an industrial accident, although it's not clear how large the compensation package was. While the death and court case happened several years ago now, the incident has been the subject of renewed social media interest, the South China Morning Post has reported. Chongqing-based lawyer Chen Rui said on social media there are two main factors that saw Xiaoshi win the case. Advertisement One was that Zhang was required to work throughout the year with no holiday, meaning that dating his girlfriend was deemed a physiological need like drinking water and using the toilet. The other factor is that he having sex with his girlfriend, not hiring a prostitute. This meant he did not violate social customs, according to the lawyer.
Scottish Sun
15-05-2025
- Scottish Sun
Family of security guard who died while having sex with girlfriend in office will get PAYOUT over ‘workplace accident'
He had met his girlfriend in a security room, where the couple proceeded to have sex ROMP TRAGEDY Family of security guard who died while having sex with girlfriend in office will get PAYOUT over 'workplace accident' Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE FAMILY of a man in China who died while having sex during working hours will get compensation after his death was ruled an industrial accident. The man in his 60s, referred to just by his surname Zhang, died during the intimate act while working as a security guard. 1 The man's death at work was deemed to be an "industrial accident" Credit: Getty He had been the sole guard a small factory in the Chinese capital Beijing before he died. Zhang had been required to work round the clock with no days off, Southern Metropolis News has reported. He had met his girlfriend in a security room on October 6, 2014 - where the couple proceeded to have sex. However, the security guard died during the intimacy. read more in world news MUM'S PAIN Mom elephant spends 5HRS trying to rescue dead baby calf trapped under lorry A police investigation determined he died suddenly, and there were no suspicious circumstances. The man's son Zhang Xiaoshi applied one year later for compensation at the Municipal Social Security Bureau. China's Industrial Injury Insurance Rule states that the death of an employee during working hours should be treated as an industrial accident. An employee's family can then get compensation through the employer and the social security authorities. But the son's request was initially denied by the authorities, who said Zhang had died while dating his girlfriend, not conducting his duties. Xiaoshi then took the factory and social security authorities to court in 2016. He argued that his dad's death should be considered and industrial accident as he had to work around the clock - forcing him to meet his girlfriend in the security room at work. Taking a rest was a worker's right, Xiaoshi contended. The son said: "As an adult male, it was normal for my father to have emotional needs. "Having a romantic relationship is a part of that rest. He did not leave his work area. "So his sudden death should be declared an industrial injury." The court agreed and ruled that the father's death had happened during working hours. Despite an appeal from the factory and the social security authority appealed, a higher court upheld the verdict. A February 2017 document from the social security authority confirmed that Zhang's death was an industrial accident, although it's not clear how large the compensation package was. While the death and court case happened several years ago now, the incident has been the subject of renewed social media interest, the South China Morning Post has reported. Chongqing-based lawyer Chen Rui said on social media there are two main factors that saw Xiaoshi win the case. One was that Zhang was required to work throughout the year with no holiday, meaning that dating his girlfriend was deemed a physiological need like drinking water and using the toilet. The other factor is that he having sex with his girlfriend, not hiring a prostitute. This meant he did not violate social customs, according to the lawyer.
The Star
08-05-2025
- Automotive
- The Star
A-share companies post sound 2024 performance
Solid showing: A screen displays market movements in the Shanghai Stock Exchange. Net profit for companies in China's electronics sector rose 35.18% from a year ago. — AFP BEIJING: Most companies listed on China's A-share market delivered robust performances for last year, underscoring the vitality and resilience of the world's second-largest economy. As of Tuesday, 5,304 firms listed on the Shanghai and Shenzhen stock exchanges had released their financial reports for last year, with 66.42% achieving profits, according to financial information provider Wind Info. Notably, 19.21% of the listed companies posted year-on-year (y-o-y) net profit increases of over 20%. The reports reflect the underlying strength of the Chinese economy, buoyed by ongoing industrial transformation and a steady rise in innovation capacity, said Zhu Keli, a researcher with the China Institute of New Economy. Financial disclosures showed emerging sectors, from artificial intelligence and new energy to advanced manufacturing, are becoming fresh growth engines driving China's economic development. According to data from the main board of the Shanghai Stock Exchange, nearly half of China's top 50 listed firms by market capitalisation last year came from emerging industries, a marked increase in both number and proportion. The auto and electronics sectors stood out among emerging industries with stellar net profit growth. The auto industry posted an 11.16% y-o-y expansion in net profit while the electronics sector surged 35.18% from a year earlier, underlining the strong momentum in tech-related manufacturing. Auto parts supplier Shuanglin Group, for instance, reported a more than fivefold increase in net profit last year, driven by rising demand from electric vehicle (EV) makers such as BYD and Changan Auto. The company has also secured new orders from EV brands like Avatr. In the electronics sector, Will Semiconductor Co Ltd Shanghai saw its business performance register marked growth last year, with operating revenue hitting a record high. The leading semiconductor producer credited its rapid expansion to a rebound in the sector and surging demand for high-end smartphones and intelligent vehicles in the market. Technological innovation emerged as a notable feature of corporate performance last year. China's listed companies have been increasingly betting on frontier and disruptive technologies playing a pivotal role in the country's broader push for innovation-driven growth. Data showed that last year, A-share firms accounted for more than half of corporate research and development (R&D) spending nationwide and held nearly one-third of all the country's patents. The R&D intensity, measured by expenditure as a share of operating revenue, gained 0.1 percentage point from a year earlier to 2.6%. Chongqing-based automaker Seres, which collaborates with Huawei on Aito cars, invested nearly seven billion yuan or about US$967.1bil on R&D last year, a surge of about 60% y-o-y. Its research team also expanded by about a quarter from a year earlier to over 6,200 people. By maintaining a strong focus on R&D, the firm has tapped global frontier technologies and innovation resources, facilitating the integration of software and automotive technologies, said Zhang Xinghai, chairman of the company. In the annual Government Work Report released in March, China's policymakers have pledged to make solid progress in high-quality development, outlining measures to better modernise its industrial system and advance the integration of technological and industrial innovation, among others. — Xinhua
South China Morning Post
28-04-2025
- Automotive
- South China Morning Post
Seres, Huawei's carmaking partner, plans Hong Kong listing to fund global expansion
Seres Group , the carmaking partner of Huawei Technologies, has submitted an application to list its shares in Hong Kong. Advertisement The Chongqing-based company, which builds Aito-branded intelligent electric vehicles (EVs), said in a filing to the Hong Kong stock exchange on Monday that it would use the proceeds from the share sale to diversify its sales channels, bolster deliveries to overseas customers, expand its charging network and enhance global brand awareness. The company did not specify the amount it plans to raise. The Shanghai-listed company was valued at 208 billion yuan (US$28.5 billion) on Monday after its shares slid 1.4 per cent to 127.25 yuan. Seres will be the latest mainland Chinese EV company to tap the Hong Kong market as competition in the domestic market intensifies. 'In the future, we will probably face more new rivals in the EV market, and competition is set to get fiercer,' it said. Seres and Huawei jointly produce Aito-branded electric vehicles. Photo: Shutterstock Supported by Huawei's autonomous driving and digital cockpit technologies, Aito has reported surging deliveries over the past three years. In 2024, the company delivered 387,100 vehicles to mainland customers, up 268 per cent from a year earlier. Advertisement
New York Times
01-04-2025
- Automotive
- New York Times
Shake-Up in China's Auto Sector: Two Giants Are Discussing a Merger
Two of China's biggest state-owned automakers are in advanced discussions to merge, in a deal that would create a formidable manufacturer of cars and military vehicles but could also create problems for their American and Japanese partners. Dongfeng Motor and Changan Automobile have conducted detailed talks on how to combine their operations and told their foreign partners of their intentions, said two people with detailed knowledge of the discussions who were not authorized to comment. Although little known outside China, each company produces slightly more cars for its own brands and through joint ventures than global automakers like Mercedes-Benz or BMW. Dongfeng and Changan together make about 5 million cars a year — more than Ford Motor and almost as many as General Motors or Stellantis, the giant that owns Fiat, Chrysler and Peugeot. A merger of Dongfeng and Changan would represent a significant consolidation of China's auto market, the world's largest, and another sign of the country's rapid embrace of electric vehicles. Both companies have considerably more factory capacity for producing gasoline-powered cars than they need. Beijing's hope is that a combined company will be able to close excess factories for gasoline cars and become more successful in electric cars. China's national government owns controlling stakes in Dongfeng and Changan. Dongfeng is a leading supplier of military vehicles to the People's Liberation Army and Changan is a subsidiary of a Chinese military contractor, which could draw unwanted attention from the Trump administration to a new, larger military supplier and its joint venture partners. Chongqing-based Changan has been Ford's principal partner in the Chinese auto market for more than 20 years. Dongfeng, based in Wuhan, is the longstanding main China partner for Nissan Motor and one of two main partners in China for Honda Motor. Changan and Dongfeng mainly produce gasoline-powered cars for their joint ventures. A merger that leads to a greater emphasis on electric cars for their own brands could affect their international partners. Ford and Nissan declined to comment and Honda did not immediately respond to a request for comment. In an industry in which factories need to operate at 60 to 80 percent of capacity to make a profit, Dongfeng's factories last year ran at 48 percent and Changan's at 47 percent, according to AlixPartners, a global consulting firm. China's State-owned Assets Supervision and Administration Commission directly owns a controlling stake in Dongfeng and holds a similar interest indirectly in Changan through a large military contractor, China South Industries Group. In a speech on Saturday, Gou Ping, the commission's deputy director, called for China to 'deploy strategic restructuring of central automotive enterprises for the production of complete vehicles' and focus on electric cars. Shares of both companies are publicly listed, with Dongfeng trading in Shanghai and Hong Kong and Changan in Shenzhen. Each issued statements on Feb. 10 that their corporate parents were considering transactions to change their ownership structures. The two companies did not mention each other in their statements. A woman in Changan's securities department said that, 'we are currently awaiting further notification from the controlling shareholder.' The duty person at Changan's controlling shareholder, China South Industries, said he had no information about Changan. Dongfeng officials did not respond to a request for comment. China faces enormous overcapacity in car production. State-controlled banks offer almost unlimited loans at low interest rates to companies that want to build electric car factories. As a result, car companies have been on a construction binge. Battery-electric vehicles and plug-in gasoline-electric cars have represented slightly over half the cars sold in China since last summer. China has enough factories to build more than twice as many cars as can be sold domestically and is ramping up exports. The United States and European Union have put tariffs on cars from China to limit imports. The combined company after a merger of Dongfeng and Changan could be a big military contractor. Dongfeng's production includes trucks and Humvee-like personnel carriers as well as more specialized vehicles for launching drones, missiles and grenades. When Beijing held a big military parade in 2015 to mark the 70th anniversary of Japan's defeat in World War II, Dongfeng supplied 180 military vehicles. Another parade is expected this September to mark the 80th anniversary. Dongfeng has been a leader in Beijing's effort to make sure that China makes all its military materiel within the country's borders. The official China Daily newspaper said in 2015 that, from the engine down to each tiny screw, Dongfeng's light tactical vehicle is made entirely in China.
