China is vulnerable due to its large population and unevenly distributed water supplies. Read more at straitstimes.com.
BEIJING - Dramatic swings between extreme heat and intense rainfall are testing China’s ability to cope with increasingly wild weather, as high temperatures challenge power grids and water security while floods ruin crops and threaten urban populations.
Concerns are mounting over a repeat of last year’s drought, the most severe in 60 years, which at its peak affected 6.09 million hectares of crops with economic losses reaching billions of yuan. To support base load power demand during spikes and ease the grid’s reliance on hydro, China has accelerated approval of new coal mines and coal-fired power plants, which could make it harder for Beijing to achieve its carbon-reduction goals.
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Metal magnate’s fall from China’s rich list to bankruptcyBEIJING - Mr Liu Zhongtian, who founded Zhongwang Group and built it into Asia’s biggest maker of aluminum extrusion products while launching himself onto the Forbes list of China’s richest billionaires, now finds himself under legal restraint with his company in bankruptcy and much of his wealth evaporated. What went wrong? Read more at straitstimes.com.
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Vietnam bans 'Barbie' movie over South China Sea map“Barbie” is the latest movie to be banned in Vietnam for depicting China’s controversial nine-dash line. Read more at straitstimes.com.
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Vietnam bans ‘Barbie’ movie over South China Sea mapHANOI - Vietnam has banned Warner Bros’ highly-anticipated film “Barbie” from domestic distribution over a scene featuring a map that shows China’s unilaterally claimed territory in the South China Sea, state media reported on Monday. The U-shaped “nine-dash...
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China's Shimao may add Hong Kong hotel to sweeten restructuring proposalHONG KONG: Shimao Property said on Monday (Jul 3) it may include its hotel in Hong Kong as a sweetener in its offshore debt restructuring, instead of selling the property. Shimao, the first major Chinese developer to kick off formal negotiations on restructuring terms with creditors, had initially proposed
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Bye bye 'Barbie': Vietnam bans new movie over South China Sea mapHANOI — Vietnam has banned the upcoming 'Barbie' movie from cinemas over scenes with a map showing China's claims to territory in the South China Sea, state media reported on Monday (July 3).
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China’s top diplomat urges greater cooperation with Japan, South KoreaMr Wang Yi’s remarks come as Beijing and Washington step up their efforts to deepen their influence in the region. Read more at straitstimes.com.
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