CHINA-EXPLOSION-DISASTER

Last weekend's explosion at the factory of an automotive component supplier in China has led to a major crackdown in plant safety across the People's Republic, as the country's communist authorities attempt to avoid another catastrophe.

According to Bloomberg, facilities that use aluminum, magnesium, coal, wood, paper, tobacco, cotton and plastic are all subject to the safety campaign instigated by the State Council Work Safety Commission.

At least 75 people were killed and 185 injured in the explosion at Kunshan Zhongrong Metal Products' factory outside of Shanghai, early Saturday morning. It's the latest incident in a trouble-filled year for Chinese industry, which has seen 19 separate safety incidents during the first half of 2014, with over 200 people killed or missing.

This latest issue is being blamed on overcrowded workshops and an inability to remove metal dust, according to Bloomberg, leading Chinese President Xi Jinping to call for harsh punishments for those responsible and prompting the safety crackdown across the PRC.