Quick review: June 19-25
(China Daily)
Updated: 2006-06-26 07:02 Chinese-Indian border
China and India agreed last week to reopen border trade at Nathu La Pass on
July 6, after being closed for 44 years.
Officials from both sides ended discussion on the issue in Lhasa, capital of
Southwest China's Tibet Autonomous Region, and signed on the agreed minutes.
Nathu La Pass is 4,545 metres above sea level, 460 kilometres away from Lhasa
and 550 kilometres from the Indian coastal city of Calcutta. The pass used to be
an important trade route between China and India.
Driving insurance
Drivers across China will be forced to cough up around 1,000 yuan (US$125)
for compulsory insurance before taking to the road next month. The insurance
regulator last week said vehicle liability insurance would become compulsory on
July 1.
Rates will differ, depending on the vehicle and the driver's record. A family
car with less than six seats should cost 1,050 yuan (US$131) per year, with
claims limited to 60,000 yuan (US$7,500), including 50,000 (US$6,250) for death
or deformity, 8,000 yuan (US$1,000) for medical treatment and 2,000 yuan
(US$250) for damage.
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