AGAINST TAKEOVER DEAL
.
Some 30,000 disgruntled Chinese steel workers clashed with riot police in protest over a takeover deal, resulting in the death of an executive from another steel company, a human rights group said.
News that Beijing-based Jianlong Steel Holding Company would buy a majority stake in state-owned Tonghua Iron and Steel Group triggered Friday's protest, which also led to 100 people being injured, the Hong Kong-based Information Centre for Human Rights and Democracy said on its website.
Discontent over inequality and unemployment amid the economic downturn has triggered social frustration in China, with many cases of riots by angry citizens. Friday's clash happened in the northeast province of Jilin.
Read on...