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Heat waves in dozens of Chinese cities cause road jams and crack roof tiles

BEIJING (Reuters) – China’s commercial capital Shanghai and dozens of other Chinese cities have experienced scorching temperatures as unusually hot weather causes roads to twist, roof tiles crackle and people scavenge for coolness in underground raid shelters. By 3 p.m. (0700 GMT) on Tuesday, 86 cities had issued red alerts, the highest in a three-tiered …

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In China’s Shenzhen, nostalgia for the good old days of Hong Kong culture continues

SHENZHEN, China (Reuters) – A trip to charming Hong Kong was a distant dream for most mainlanders in the mid-1990s, but for schoolgirl Tracy Chen in the booming southern city of Shenzhen, it was just a lunchtime stroll. With Hong Kong losing autonomy after 25 years of Chinese rule, Chen is among the many residents …

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Standard & Poor’s cuts Greenland’s state-backed Chinese property developer into ‘selective default’

A sign of Greenland Holdings Corp. Ltd. Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – Rating agency Standard & Poor’s Global downgraded China’s state-backed Greenland Holdings Inc (600606.SS) on Wednesday to “selective default” after the property developer extended the maturities of its $500 million bond. by one year. Shanghai-based …

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Energy demand in parts of China hits new records amid scorching heat

Electricity pole and power lines in Nanyang, Henan Province, China on October 13, 2021. REUTERS/Ali Song Register now to get free unlimited access to Reuters.com Register BEIJING (Reuters) – Energy consumption in China’s large provinces north of the Yangtze River has risen amid warmer-than-normal weather, as regions such as Henan, China’s third most populous province, …

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