Latest news with #RyanWoo
Zawya
2 days ago
- Business
- Zawya
China to step up rental housing sector regulation
China released regulations for the rental housing market on Monday, pledging stronger supervision and encouraging greater supply, according to state-run news agency Xinhua. The regulations, which will take effect on September 15, lay out requirements for rental activities as well as operations of rental companies and brokerages. The regulations also stipulate that local governments should step up supervision of the rental housing sector, requiring some to set up rent monitoring mechanisms. (Reporting by Yukun Zhang and Ryan Woo Editing by David Goodman )
Global News
07-07-2025
- Climate
- Global News
China sees record temperatures as students shelter from heat wave
Universities in eastern China scrambled to upgrade their dorms with air conditioning, and one let students sleep in cooler libraries, after near record temperatures raised concerns about the health of students and staff. One student at Qingdao University in Shandong suffered from heat stroke, and the school would upgrade its student accommodation over the summer break, Jimu News, an arm of state-run Hubei Daily, reported. One member of staff there died on Sunday morning after showing signs of 'physical distress,' the university said, without saying whether that was linked to the heat wave. The staff member was a dormitory supervisor, Jimu News said. A total of 28 locations across central Henan and eastern Shandong provinces issued their most severe alerts for extreme heat on Monday. Parts of the coastal city of Qingdao saw temperatures soar to 40.5 degrees Celsius (104.9 degrees Fahrenheit) over the weekend, just 0.5C below the highest recorded there since records began in 1961, according to the official Qingdao Daily. Story continues below advertisement Qingdao University, which did not immediately respond to a request for comment from Reuters, was one of at least six colleges in Shandong to announce plans to upgrade student accommodation in recent days. 1:49 Heatwave affecting more than people Yantai Nanshan University, also in Shandong, said on Monday it would let students stay overnight in libraries as it prepared to work on the student halls. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Video footage posted by Jimu News showed scores of students sitting on the floor in air-conditioned supermarkets to escape the heat. The heat wave has piled pressure onto China's power grid. The national electricity load surged to a record 1.47 billion kilowatts on Friday as demand for air conditioning spiked, according to state broadcaster CCTV. The announcements will fuel concerns over Chinese institutions' preparedness for extreme weather events, which scientists say are exacerbated by global warming. Story continues below advertisement In 2022, China was hit by the worst heatwaves since 1961, with many parts enduring a 79-day hot spell from mid-June to late August. According a 2023 report published in the medical journal The Lancet, there were about 50,900 heat wave-related deaths in China that year. No official death toll was disclosed at the time. China does not provide regular tallies of heat-related deaths. (Reporting by Ethan Wang, Ryan Woo, Liz Lee and Qiaoyi Li; Editing by Andrew Heavens)
The Star
28-06-2025
- Business
- The Star
Flood-hit China expands social security net as extreme rain takes toll
Guizhou was the focus of China's flood alleviation efforts this week, with one of its cities hit by flooding on a scale that meteorologists said could only happen once in 50 years. -- PHOTO: REUTERS BEIJING (Reuters): China has expanded the economic safeguards for segments of its population affected by flood control schemes in times of extreme rainfall, including pledges of direct compensation from the central government and payments for livestock losses. In China, diverting flood-waters to areas next to rivers is a major step in managing downstream flooding. As extreme rainfall grows in frequency, China is increasingly utilising such areas, some of which have been unused until now and have been populated by farms, croplands and even residential buildings, stoking social tensions. According to revised rules on compensation related to flood diversions released late on Friday, the central government will now bear 70% of all compensation funds, with local governments responsible for the rest. Previously, the ratio was to be decided based on actual economic losses and the fiscal situation of local governments. Livestock and poultry that cannot be relocated in time before the arrival of diverted flood-waters will also be included in the compensation scheme for the first time. Previously, only the loss of working animals could be claimed for compensation. In the summer of 2023, almost 1 million people in Hebei, a province on the doorstep of Beijing, were relocated after record rain forced authorities to divert water from swollen rivers to some populated areas for storage, triggering anger over the homes and farms sacrificed to save the Chinese capital. China currently has 98 designated flood diversion areas spanning major river basins including the Yangtze River basin, home to a third of the country's population. During the 2023 Hebei floods, eight flood storage areas were used. Since the start of the East Asia monsoon in early June, precipitation in the middle and lower reaches of the Yangtze has been up to two times higher than usual, officials from the China Meterological Administration told reporters on Friday. In other parts of China, daily rainfall measured by 30 meteorological stations in provinces such as Hubei and Guizhou broke records for the month of June, they said. Guizhou was the focal point of China's flood alleviation efforts this week, with one of its cities hit by flooding on a scale that meteorologists said could only happen once in 50 years, and at a speed that shocked its 300,000 residents. That prompted Beijing to issue pledges on Thursday to move vulnerable populations and industries to low-flood areas and allocate more space for flood diversion. (Reporting by Ryan Woo; Editing by Kim Coghill) - Reuters
Yahoo
20-06-2025
- Business
- Yahoo
China's rare earth magnet shipments halve in May due to export curbs
By Amy Lv and Ryan Woo BEIJING (Reuters) -China's overseas shipments of rare earth magnets halved in May from April, tumbling to their lowest levels in more than five years due to export curbs. Beijing said this month that it would speed up its approval process, a concession made after the U.S. and China agreed to dial back trade tensions. In the meantime, however, industry sources say Chinese customs officials have become increasingly cautious about processing rare earth cargoes. This is particularly so for rare earth magnets because there is only a single code to cover magnets despite there being a variety of chemistries, said the sources who were not authorised to speak to media and declined to be identified. China, the world's largest rare earth magnet producer accounting for over 90% of global supply, decided in early April to impose restrictions on exports of seven medium-to-heavy rare earth products and some magnets. That's rocked supply chains crucial to auto, aerospace, semiconductor and military equipment sectors around the world. Last month, China shipped out 1,238 metric tons of rare earth permanent magnets, down 52.9% from April and the lowest level for a single month since February 2020, data from the General Administration of Customs showed on Friday. April's shipments had also halved from March. On a year-on-year basis, May shipments were down 74%. Sources have also previously said that customs are holding up some shipments of lower-performance rare earth magnets used in appliances and consumer electronics because of confusion over how to apply Beijing's export curbs. China's commerce ministry said on Thursday that "a certain number" of rare earth export licence applications had been approved but did not disclose details. Chinese rare earth magnet producers JL MAG Rare-Earth and Innuovo Technology announced in recent weeks that they have secured a few export licenses for some clients. Exports of rare earth magnets for January-May slipped 14.5% from the same period last year to 19,132 tons, the lowest for the period since 2021. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
17-06-2025
- Politics
- CTV News
Chinese embassy in Israel urges citizens to leave
BEIJING — The Chinese embassy in Israel has urged Chinese citizens to return home or leave the country via land border crossings as soon as possible, on grounds that the security situation has deteriorated and Israeli airspace remained closed. 'At present, the Israeli-Iranian conflict continues to escalate, with civilian facilities damaged and civilian casualties increasing, making the security situation even more severe,' the embassy warned in a Tuesday notice on WeChat. The notice recommended Chinese citizens to leave via the land crossing towards Jordan. Reporting by Liz Lee and Ryan Woo; Editing by Jacqueline Wong.
