Here is some YouTube video of the fire.
I would like to clarify that when I wrote about the thrill of the Chinese fireworks in a celebratory tone, I was not blind to how dangerous such a pyrotechnic free-for-all can be. There is, despite what I implied, something to be said for having safety regulations. The Chinese (and Asian) obsession with fireworks is nearly psychotic. One other example is a particularly tragic/absurd incident that occured in a nightclub in Thailand. Who on earth doesn't realize it isn't a good idea to set off fireworks indoors? According to some reports, they were actually set off on a dinner table!
I'm not going to commentate on it further, but I will refer to a few links here. The first is from James Fallows, one of the editors of The Atlantic Monthly, and a resident of Beijing. It is his picture that I borrowed above, and I'll link you to his blog post here. His blog is wide ranging, but often includes really interesting commentary on China. As for the fire and fireworks, I'll just second what he has to say:
"it might be hard to believe that they set off a major building fire if you haven't seen how much ordnance is set off; it's all too plausible if you have"
Amen to that.
From his blog, you can follow out some additional links that give some other insight as to how the Chinese are reacting to this incident, which is quite interesting and enlightening.
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