Articles by Liz Lee and Ryan Woo

Update: Typhoon Talim Makes Landfall in Southern China; Flights and Trains Canceled

Typhoon Talim became the first typhoon to make landfall in China this year on Monday evening, prompting authorities to issue flood warnings, cancel flights and trains, and order people to stay at home. Talim, the fourth typhoon of the year, …

China Tells Insurers, Banks They Must Ensure Coal, Power Financing Needs Are Met

China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal and power sectors are met so that consumer heating during winter is not affected. Beijing is racing to deliver more …

Update: China Province Deluged by 1,000-Year Flood, with Rising Death Toll

BEIJING – At least least 25 people have died in China’s flood-stricken central province of Henan, a dozen of them in a subway line in its capital Zhengzhou, and more rains are forecast for the region. About 100,000 people have …

China Regulator Orders Large Insurers, Banks to Prepare ‘Living Wills’ to Handle Risks

BEIJING — China’s banking and insurance watchdog issued rules on Wednesday requiring sizable banks and insurers to prepare recovery plans in the unlikely event that they run into financial trouble, as the regulator seeks to strengthen the safety net of …

Excessive Floods Endanger Aging Chinese Dams and Could Cause ‘Black Swan’ Disaster

The dam at a small reservoir in China’s Guangxi region gave way last month after days of heavy rain in a collapse that could be a harbinger of sterner tests for many of the country’s 94,000 aging dams as the …

Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran

Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the epidemic’s global spread. Believed to come from …

Coronavirus Update: Deaths Surpass 900; World Health Experts Head to Beijing

BEIJING, Feb 10 — An advance team of international experts led by the World Health Organization (WHO) has left for Beijing to help investigate China’s coronavirus epidemic, which authorities said on Monday had now claimed 908 lives on the mainland. …

China Seeks to Reach Deal with U.S. to Open Financial Sector, Despite Difficult Talks

China can “absolutely” reach an agreement with the United States on opening up its financial sector, China’s top banking regulator said on Tuesday, even as the country’s commerce minister admitted talks with Washington had been difficult. The two countries have …

China’s Services Sector Including Insurance Off to Flying Start in 2018

China’s services sector got off to a flying start in 2018, expanding at its fastest pace in almost six years as new orders surged and companies rushed to hire more staff, a private survey showed on Monday. Economists also attributed …