"When they pulled my boy out, he kept begging for water but then he died," said Wang Chaoping, holding a passport-sized photo of his 16-year-old son, Wang Tinghai.

“当他们将我的孩子救出时，他不停地要水喝，但他还是死了”，王朝平(音)说，手里拿着张护照般大小的16岁儿子王庭海(音)的照片。

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"The bond-market investigation is not likely to have a negative impact on companies' ability to raise funds in the short term, but some high-risk borrowers, such as local-government financing vehicles, could see their borrowing costs go up, " said Zhu Chaoping, head of research at ChinaScope Financial, a Hong Kong research and data firm.

WSJ: China Probe Focuses on Trading of Bonds

"There's been an increase in hot-money inflows, but the PBOC may find it difficult to let the yuan rise too fast or tighten monetary conditions too dramatically because the economic recovery remains slower than expected, " said Zhu Chaoping, head of research at ChinaScope Financial, a research and data firm partly owned by Moody's Corp.

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"The government is supportive of investment in the railway sector because it remains a key growth driver for the economy, especially at a time when exports are faced with difficulties and it takes time for consumption to pick up, " said Zhu Chaoping, head of research at ChinaScope Financial, a research and data firm partly owned by Moody's Corp.

WSJ: China's Railway Ministry Gets Approval for Bonds