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CNN —Three people died after typhoon-like winds pulled them out through their apartment windows in southern China, as extreme weather battered the region over the past week. A total of seven people had died in Jiangxi province since the exceptionally strong winds began on Sunday, state broadcaster CCTV reported on Thursday. A 60-year-old woman from the same building was also swept out of the window by extreme wind. Air conditioners were blown out of high-rises in the city, while more than 2,000 trees were toppled, state media said. China has been hit by a series of extreme weather events in recent years.

Persons: yanked Organizations: CNN Locations: China, Jiangxi, Nanchang, Heilongjiang

☆ A UPenn student started a YouTube channel. In weeks, her face was stolen on China's social media.
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

That message included a link to a video on Xiaohongshu, a social media platform rapidly gaining steam in China. The student started her self-empowerment channel in November and has so far published eight videos and seven YouTube Shorts. The Xiaohongshu deepfakes of other YouTubers do the same. In a matter of about 10 minutes, BI found deepfake videos of at least five caucasian women on Xiaohongshu. But at least one Chinese deepfake version of Blakely has a different agenda to share on Xiaohongshu.

Persons: —, Olga Loiek, Loiek, Vladimir Putin, Loeik, Weibo, someone's, Lyu Siwei, it's, Haibing Lu, they've, Xiaohongshu, Natasha, she's, Annie, Sophia Elena, Katyusha, China, Lana Blakely, Blakely, Elizabeth Filips, Serbia, Filips, Lyu, Vincent Conitzer, Conitzer, Lu, Lyu who's, he's, Roy, Ari Lightman, she'll Organizations: Service, Business, Kremlin, YouTube, WhatsApp, Facebook, Media, University at Buffalo, Santa Clara University, University of Pennsylvania, BI, Russia, Institute for, Oxford University, Social, Carnegie Mellon University Locations: Munich, China, Moscow, Ukraine, Santa, China's Heilongjiang, Germany, Xiaohongshu, Russian, Russia, Stockholm, Xiaohongshu London, Pakistan

☆ Heavy snow, rain threaten travel chaos during China’s Lunar New Year
▼ + stars: | 2024-02-01 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Heavy snow and rain is forecast to hit central and eastern China in the coming days, threatening travel plans for hundreds of millions of Chinese workers heading home for the Lunar New Year. However, Xu Jun, chief forecaster from the Central Meteorological Observatory, told CCTV the forecast snowfall won’t be as heavy or widespread as that experienced around the holiday season 16 years ago. “The rain and snow overlap with the peak period of Spring Festival travel. This has posed risks to safe (travel) and brought inconvenience to the transportation,” weather expert Wang Lijuan, from China Meteorological Administration, told CCTV. Xu, from the Central Meteorological Observatory, told CCTV freezing rain could affect many provinces over an area as wide as 43,000 square kilometers (16,600 square miles).

Persons: Xu Jun, Wang Lijuan, Xu Organizations: Hong Kong CNN, Central Meteorological Observatory, Meteorological, Festival, China Meteorological Administration, Central Meteorological Locations: Hong Kong, China, Hebei, Henan, Shandong, Liaoning, Hubei, Zhengzhou, China's, Xinjiang, Anhui, Weibo, Mohe, Heilongjiang

☆ Four killed in building collapse in China's Wenzhou city
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Nov 12 (Reuters) - Four people were killed when a building collapsed in China's Wenzhou city, state media outlet CCTV reported on Sunday. The collapse occurred on Saturday during renovation of the building, and the casualties were all construction workers, CCTV reported, adding that continuous rain had hampered rescue work. The accident in the eastern city follows several similar incidents recently, including the collapse of a gym in heavy snow in the northeast province of Heilongjiang last week, which killed three. In July, 11 people were killed when the roof of a school gym caved in during intense rain, also in Heilongjiang province, drawing criticism by media. Authorities said construction materials illegally stacked on the roof may have caused the collapse, Xinhua reported.

Persons: Andrew Hayley, Ziyi Tang, Robert Birsel Organizations: Authorities, Xinhua, Weibo, Thomson Locations: BEIJING, China's Wenzhou, Heilongjiang, Heilongjiang province

☆ Four Killed in Building Collapse in China's Wenzhou City
▼ + stars: | 2023-11-11 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - Four people were killed when a building collapsed in China's Wenzhou city, state media outlet CCTV reported on Sunday. The collapse occurred on Saturday during renovation of the building, and the casualties were all construction workers, CCTV reported, adding that continuous rain had hampered rescue work. The accident in the eastern city follows several similar incidents recently, including the collapse of a gym in heavy snow in the northeast province of Heilongjiang last week, which killed three. In July, 11 people were killed when the roof of a school gym caved in during intense rain, also in Heilongjiang province, drawing criticism by media. Authorities said construction materials illegally stacked on the roof may have caused the collapse, Xinhua reported.

Persons: Andrew Hayley, Ziyi Tang, Robert Birsel Organizations: Authorities, Xinhua, Weibo Locations: BEIJING, China's Wenzhou, Heilongjiang, Heilongjiang province

☆ China’s northeast hit by unseasonable blizzard as heavy snow causes mass disruption
▼ + stars: | 2023-11-08 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

In Heilongjiang, China’s northernmost province, the railway operator halted 51 passenger trains on Tuesday due to the snowstorm. Heavy snow falls in Xiangfang district of Harbin, Heilongjiang province, on November 6, 2023. Harbin issued a red blizzard alert – the highest in China’s four-tier warning system – on Sunday and Monday. In the neighboring province of Jilin, more than 200 expressway entrances were closed on Monday due to heavy snowfall. China’s national weather forecaster issued an orange blizzard alert – the second highest level after red – on Saturday and renewed it on Monday for parts of Jilin, Heilongjiang and Inner Mongolia.

Persons: Hong Kong CNN —, Xie Jianfei Organizations: Hong Kong CNN, National Meteorological Center, CCTV, Xinhua Locations: China, Hong Kong, Heilongjiang, China’s, Harbin, Jiamusi, Xinhua, Xiangfang, Heilongjiang province, Qiqihar, Jilin, Inner Mongolia

☆ Fitness gym collapse kills 3 in China's Heilongjiang province
▼ + stars: | 2023-11-07 | by ( Bernard Orr | Thomson Reuters | Bernard Orr Is A Veteran Journalist With Over Years Of Experience. He Reports On Breaking News Mainland China | ) www.reuters.com time to read: +2 min

BEIJING, Nov 7 (Reuters) - Three people were killed and one injured after a structural collapse at a fitness club in northeast China's Heilongjiang province, local officials said on Tuesday. According to a local resident, the collapsed gymnasium is a basketball arena where youth basketball training is held, Global Times reported late Monday. The venue where the accident occurred belongs to the New Sunshine Fitness Club in Huanan County, according to the county government. 34 Middle School gymnasium collapsed in July," said a netizen on China's Weibo social media platform. Another gymnasium collapse occurred in three months."

Persons: Bernard Orr, Ella Cao, Gerry Doyle Organizations: Government, Global Times, Sunshine Fitness, New Sunshine, Authorities, Weibo, Thomson Locations: BEIJING, China's Heilongjiang, Jiamusi city, Huanan County, Shanghai, New, Heilongjiang, China's Qiqihar

☆ Fitness Club Collapse Kills 3 in China's Heilongjiang Province
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - Three people were killed and one injured after a structural collapse at a fitness club in northeast China's Heilongjiang province, county government officials said on Tuesday. Officials said seven people were in the Yuecheng fitness gymnasium in Huanan county, in the eastern part of the province, when it collapsed on Monday. Initial reports said children were at the venue when it collapsed, and rescue operations have ended. State media said the collapse in Jiamusi city occurred at 7:20 p.m. (1120 GMT). Initial reports said three people were trapped inside.

Persons: Bernard Orr, Gerry Doyle Organizations: New Sunshine Fitness Locations: BEIJING, China's Heilongjiang, Huanan county, Jiamusi, Heilongjiang, Shanghai

☆ Russia's weaker hand undermines case for Power of Siberia 2 gas link to China
▼ + stars: | 2023-10-30 | by ( Vladimir Soldatkin | ) www.reuters.com time to read: +6 min

Russia currently exports gas to China through the Power of Siberia 1 pipeline, which began operating in 2019 and runs through eastern Siberia into China's northeastern Heilongjiang province. Moscow has not said how much the 2,600 km (1,616 miles) Power of Siberia-2 would cost or how it would be financed. Russia aims to increase supplies via Power of Siberia 1 to 38 bcm annually by 2025. If the plans for Power of Siberia 2 and another link from Russia's far eastern island of Sakhalin come to fruition, Russia's pipeline gas exports to China would rise to almost 100 bcm per year by 2030. "This fact will require CNPC to build on its own all the necessary gas transportation infrastructure in China," Kondratov wrote.

Persons: Maxim, Xi Jinping, Vladimir Putin, Dmitry Kondratov, Kondratov, Sergey Vakulenko, Vakulenko, Viktoria Abramchenko, Andrew Hayley, Chen Aizhu, Oksana Kobzeva, Mark Trevelyan, Susan Fenton Organizations: REUTERS, Russia, East, Power, Gazprom, Economics, Russian Academy of Science, Carnegie Endowment, International, Soyuz, Thomson Locations: Siberia, Svobodny, Amur, Russia, East Power, Turkmenistan, MOSCOW, China, Europe, Yamal, Mongolia, Baltic, Moscow, Ukraine, Beijing, China's, Heilongjiang, Russian, Power, Russia's, Sakhalin, That's, Nord, Turkey, Japan, United States, Qatar, Australia, Singapore

☆ Goldman Sachs says China's demand for oil and copper is 'booming'
▼ + stars: | 2023-10-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

China's demand for many major commodities has been growing at "robust rates," Goldman Sachs said in a recent note. The investment bank observed that China's demand for copper has risen 8% year on year, while appetite for iron ore and oil are up by 7% and 6%, respectively, all beating Goldman's full-year expectations. "This strength in demand has largely been tied to a combination of strong growth from the green economy, grid and property completions," the Goldman report observed. While China's embattled property sector is still struggling to recover, the investment bank noted that China's green economy has shown "significant strength" so far this year, resulting in a demand surge for metals related to the green transition, such as copper. Goldman's economists attributed China's green copper rush largely to its onshore solar installations, which in 2023 so far have "amounted to the level of all previous years' installations."

Persons: Goldman Sachs, Goldman's, Goldman Locations: Daqing, Heilongjiang province, China

Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer Acquire Licensing RightsCompanies Baker Hughes Co FollowLONDON, Sept 25 (Reuters) - Oil prices held steady on Monday after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand. Russia approved some changes to its fuel export ban, lifting the restrictions for fuel used as bunkering for some vessels and diesel with high sulphur content, a government document showed on Monday. Crude prices fell last week after a hawkish Federal Reserve rattled global financial markets and raised concerns over oil demand. However, analysts flagged that oil prices face technical resistance at the November 2022 highs reached hit last week.

Persons: Stringer, Baker Hughes, Tony Sycamore, IIR, Goldman Sachs, Paul Carsten, Mohi Narayan, Florence Tan, Louise Heavens, David Goodman Organizations: REUTERS, Brent, . West Texas, Federal Reserve, Northern, IIR Energy, Thomson Locations: Heilongjiang province, China, Russia, Saudi Arabia, Moscow, United States, London

REUTERS/Stringer Acquire Licensing RightsSept 25 (Reuters) - Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Both contracts fell last week, snapping a three-week winning streak, after a hawkish Federal Reserve stance rattled global financial sectors and raised oil demand concerns. Prices had rallied more than 10% in the previous three weeks on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year. However, analysts flagged that oil prices face technical resistance at the November 2022 highs that were hit last week. In a positive sign, China's oil demand increased 0.3 million barrels per day (bpd) to 16.3 million bpd last week, partly due to a gradual recovery in jet fuel demand for international flights, they added.

Persons: Stringer, Tony Sycamore, Vandana Hari, Baker Hughes, Goldman Sachs, Mohi Narayan, Florence Tan, Sonali Paul, Christian Organizations: REUTERS, Brent, . West Texas, IG, Northern, Vanda Insights, Thomson Locations: Heilongjiang province, China, Moscow, Saudi Arabia, Russia, United States, Florence

☆ China's military rocket force uncovers 'shortcomings' - PLA Daily
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsBEIJING, Sept 15 (Reuters) - A unit of China's Rocket Force uncovered "shortcomings" during a field assessment of an exercise, the PLA Daily reported on Friday in a rare critique, suggesting gaps in combat readiness at the armed force overseeing conventional and nuclear missiles. The combat readiness of the People's Liberation Army Rocket Force, a strategic branch of the Chinese military, has come under focus recently after its two most senior leaders were suddenly replaced at the end of July with commanders not from the force. Since August, the Rocket Force has conducted at least two drills and training sessions, according to its official account on Weibo, a popular Chinese microblog. In the year to date, Communist Party members of the Rocket Force have visited the front lines of drills and exercises "multiple times" to assess the unit's combat readiness, according to the PLA Daily. The uncertainties over leadership have not been solely focused on the Rocket Force.

Persons: Tingshu Wang, Xi Jinping, Li Shangfu, Ryan Woo, Lincoln Organizations: Rocket Force, Eastern Theatre Command, Liberation Army, PLA, REUTERS, Rights, China's, Force, Communist Party, People's Liberation Army Rocket Force, Party, Thomson Locations: Taiwan, Beijing, China, Rights BEIJING, Weibo, Heilongjiang

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer/File Photo Acquire Licensing RightsSept 6 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Oil is back in the spotlight after Russia and Saudi Arabia on Tuesday extended output cuts. Oil prices have essentially been disinflationary all year, meaning the year-on-year price change has always been negative, sometimes dramatically so. With the dollar, bond yields and oil prices all marching higher, it is little wonder investors are drawing in their horns.

Persons: Stringer, Jamie McGeever, Brent, Japan's Hajime Takata, Josie Kao Organizations: REUTERS, Reserve Bank of Australia, U.S ., Asia, Bank, Japan's, Thomson, Reuters Locations: Heilongjiang province, China, Asia, Taiwan, Russia, Saudi Arabia, Japan, Australia

☆ Changan Ford Motor to set up electric car JV with Chongqing Changan Auto
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

Workers assemble vehicles at a plant of Changan Ford, a joint venture between Changan Automobile and Ford Motor Company, in Harbin, Heilongjiang province, China February 22, 2017. REUTERS/Stringer/File PhotoBEIJING, Aug 11 (Reuters) - Changan Ford Motor plans to set up a new-energy passenger car joint venture with state-owned Chongqing Changan Automobile (000625.SZ), according to a document published by China's market regulator on Friday. Changan Ford Motor will own a 60% stake and Chongqing Changan Automobile will have the remaining 40% stake. In the future, the joint venture plans to engage in the "supply business of mainstream brand new energy passenger vehicles and the distribution business of Ford brand models that Changan Ford has invested in," the statement said. Officials at Ford and Changan could not immediately be reached for further comment.

Persons: Changan Ford, Stringer, Ford, Tesla, Farah Master, Twinnie Siu, Zhang Yan, Ben Klayman, Louise Heavens, Susan Fenton Organizations: Changan Automobile, Ford Motor Company, REUTERS, Ford Motor, Chongqing Changan Automobile, Ford, China Association of Automobile Manufacturers, Thomson Locations: Harbin, Heilongjiang province, China, BEIJING, Chongqing, Changan, Hong Kong, Shanghai, Beijing, Detroit

CNN —Days of heavy rain have caused severe flooding in China’s leading grain-producing region in the northeast, killing 14 people and raising concerns about food security as floodwater inundated farmlands. As the storm moved further north, another 14 deaths were reported Sunday in the city of Shulan in Jilin province. Firefighters operate a drainage machine near a village in the city of Mudanjiang in northeastern China's Heilongjiang province on August 5. A cornfield is submerged by floodwater in a village in Hebi city, Henan province on August 5. A flooded farm in Xinxiang city, Henan province on August 5.

Persons: Doksuri, Zhang Tao, floodwater, Typhoon Khanun, Xi Jinping Organizations: CNN, Xinhua, Firefighters, China’s Ministry of Water Resources, Communist Party, Ministry of Agriculture, Rural Affairs, National Bureau of Statistics, China Meteorological Administration, Qiushi, Communist Locations: China, Beijing, Hebei, Shulan, Jilin province, Heilongjiang, Mudanjiang, China's Heilongjiang, Jilin, Harbin, Shangzhi, Wuchang, Liaoning, Hebi city, Henan province, Henan, Xinxiang city

☆ China's northeast inundated in Doksuri's wake
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

People ride a boat through a flooded road after the rains and floods brought by remnants of Typhoon Doksuri, in Zhuozhou, Hebei province, China August 3, 2023. Bridges have collapsed and roads were damaged across the city, state media reported. Rainfall this past week broke many records in Beijing and northern China, with the vast Haihe river basin hit with its worst flooding since 1963. Floodwaters could take up to a month to recede in Hebei province, a water resources department official told state media. Zhuozhou southwest of Beijing is the hardest hit city in Hebei province, with about 100,000 people - a sixth of its population - evacuated.

Persons: Doksuri, Tingshu Wang, Typhoon Doksuri, David Kirton, Tom Hogue Organizations: REUTERS, China News Service, Thomson Locations: Zhuozhou, Hebei province, China, SHENZHEN, Shulan, Jilin, State, Beijing, China's Heilongjiang

☆ China logs 52.2 Celsius as extreme weather rewrites records
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

The target of keeping long-term global warming within 1.5C is moving out of reach, climate experts say. Prolonged bouts of high temperatures in China have challenged power grids and crops, and concerns are mounting of a possible repeat of last year's drought, the most severe in 60 years. China is no stranger to dramatic swings in temperatures across the seasons but the swings are getting wider. Since then, the heaviest rains in a decade have hit central China, ravaging wheat fields in an area known as the country's granary. Reporting by Ryan Woo; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: John Kerry, Xie Zhenhua, Ryan Woo, Tom Hogue Organizations: U.S, Thomson Locations: BEIJING, Sanbao, Xinjiang's Turpan, Xinjiang, Ayding, Asia, China, Mohe, Heilongjiang, United States, Beijing

☆ Horrific World War II bunker where Japanese scientists experimented on prisoners with biological weapons, found by archaeologists, report says
▼ + stars: | 2023-05-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Archaeologists found a bunker used by WWII Japanese scientists to conduct human experiments, says a report. The Japanese scientists captured by the US were granted immunity in exchange for their research findings. Japanese scientists exposed prisoners to pathogens and dissected them to learn about the effects on the human body. The researchers are yet to enter the bunkers, but the survey has revealed details about the underground structures, South China Morning Post reported. Most of the surface-level buildings at the Anda site were destroyed in 1945 to erase evidence of the experiments, but the underground structures remain, archaeologists said.

SHANGHAI/SINGAPORE, April 28 (Reuters) - Chinese banks are ramping up efforts to promote international use of the yuan, and reporting a surge in cross-border yuan business from the country's booming trade with Russia and deepening ties with the Middle East. Harbin Bank Co (6138.HK), in China's Heilongjiang province neighboring Russia, saw its cross-border yuan business grow nine-fold last year to a record, as the Sino-Russia trade grew briskly after the Ukraine war began. Industrial Bank Co (601166.SS), whose cross-border, corporate payment business jumped 50% last year, has also been actively promoting CIPS, China's own global payment system. The bank said it currently helps 153 foreign and Chinese banks connect to CIPS, to advance China's yuan internationalisation strategy. "Increasing the use of yuan in pricing, and settling cross-border oil and gas trade will give a boost to yuan internationalization."

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ 6 companies that struck it big on China's zero-COVID policies and came out on top after 3 years of lockdowns
▼ + stars: | 2023-03-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

As China kept to its chaotic zero-COVID push, a few companies reaped the rewards of a country prone to lockdowns. Kevin Frayer/Getty ImagesChina's economy suffered under zero-COVID, growing by just 3% in 2022 — one of the country's lowest levels ever. As China's economy reopens after a rollback of the zero-COVID policy on December 7, local media and social bloggers are heaping attention on how much was spent on the lockdowns, and who benefited from the expenditures. However, a select pool of firms and industries gained massive rewards from the years of lockdowns and constant testing. Here are six companies and sectors that came out on top during China's zero-COVID policy.

[1/7] Farmer Wang Zhanling sits next to his wife in their house in Quansheng village, Heilongjiang Province, China, February 8, 2023. The state-run Chinese Academy of Sciences sees the pension system running out of money by 2035. "If the pension system does not change, this is unsustainable," said Xiujian Peng, senior research fellow in the Centre of Policy Studies at Victoria University in Australia. The province has the lowest birth rate in China, with just over 100,000 births in 2021 and 460,000 deaths. Many experts, including Macquarie's chief China economist Larry Hu, suggest implementing a unified national pension system, backstopped by the more resourceful central government rather than cash-strapped local administrations.

☆ China's cities are struggling to pay their bills from three years of Covid and a real estate crash
▼ + stars: | 2023-01-31 | by ( Laura He | ) edition.cnn.com time to read: +9 min

Rolling lockdowns seriously dented household incomes, leading many to reduce spending, which in turn resulted in less tax revenue for local governments. “China’s runaway local debt poses a serious threat to the country’s overall economic health and will weigh heavily on China’s still-nascent recovery,” said Singleton. Debt that is backed by local governments but which doesn’t show up on their balance sheets could be much bigger. That’s more than 20% higher than the estimate of 53 trillion yuan made by Goldman Sachs in 2021. Their debt squeeze could pose a serious threat to China’s financial system, particularly to small regional banks.

☆ China's Xi says COVID containment still under stress - state media
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Jan 18 (Reuters) - China's President Xi Jinping said the country's COVID-19 prevention and control is still going through a time of stress but the light is ahead, state media CCTV reported on Wednesday. Xi said there is a need to expand medical resources, increase supply of medical services and the availability of medicines, CCTV reported. He made the comments during a virtual meeting with medical staff in a hospital in northeastern Heilongjiang province. Reporting by Beijing newsroom; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

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