Top Stories From the WSJ: How Wenzhou Crash Unfolded, Factories Slow

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Top Stories From the WSJ: How Wenzhou Crash Unfolded, Factories Slow

Agence France-Presse/Getty ImagesWorkers in July cleared wreckage after a July 23 high-spreed train collision near Wenzhou.

Your daily roundup of the best of The Wall Street Journal’s coverage:
How Wenzhou’s Train Disaster Unfolded: Until seconds before he plowed the bullet-shaped nose of his locomotive into the rear of another in an accident that killed him and 39 others, Pan Yiheng had no idea he was whizzing along occupied track.
China’s Growth Continues to Slow: HSBC’s final purchasing managers index improved but remains in contraction, adding to evidence that growth continues to slow in the world’s second-largest economy.
Soho China Buys Stake in Shanghai Property: Soho China Ltd. agreed to buy a 50% stake in a high-profile but pricey plot of Shanghai real estate for four billion yuan (US$632 million) in a sign of how China’s real-estate crackdown is creating opportunities for the strongest property developers even as it pressures the rest.
Philippines’ Arroyo Pressured Over China Deal: Prosecutors on Thursday filed a second criminal case against former Philippine President Gloria Macapagal Arroyo, this time over an overpriced deal with a Chinese telecommunications giant that allegedly involved huge kickbacks.

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