Fiscal implications of global decarbonization
Internationally coordinated climate mitigation policies can effectively put the world on a path toward achieving the agreed Paris temperature goals. Such coordination could be initiated by large players,
China
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Floods Kill 50 In China After Torrential Rains
Torrential rain in southern and eastern China has killed at least 50 people in the past week and left 4,000 stranded, state media said on Wednesday, a fortnight after a big earthquake rattled Sichuan province. The poor and remote south-western province of Guizhou has been hardest hit, with 36 dead and another 14 missing, the official Xinhua news agency said. "Tents, quilts and clothes have been sent to Wangmo County in Guizhou, which has been severely hit by rain and floods," it added.
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Time to break the silence around virtual-water imports
Your News Feature 'More crop per drop' (Nature 452, 273
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China works round the clock to drain quake lake
Mianzhu: Chinese soldiers were working non-stop to dig a giant sluice to ease pressure on a swelling "quake lake', with plans to evacuate 100,000 people to avert a new disaster, state media said. China on Tuesday put the death toll from the earthquake that struck Sichuan province on May 12 at 67,183, with the figure certain to rise with 20,790 listed as missing. Nearly 362,000 people were injured.
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China adds to India's woes (Editorial)
Trouble appears to be brewing amongst the Asian nations, including India, with China building a massive strategic underground submarine naval base that could house N-submarines and a host of aircraft carriers on Hainan Island. in South China Sea, south of Hong Kong. The base, being built near the holiday resort of Sanya on Hainan Island's southern tip, was revealed by commercial satellite images on May 3, 2008.
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Troops to explode debris to avert flood
Chinese soldiers prepared on Monday to explode earthquake debris blocking a river where quickly rising waters threatened to flood disaster victims. Two weeks after the magnitude 7.9 earthquake hit central Sichuan province, lakes formed by obstructed rivers clogged by landslides were adding new complications to recovery efforts already strained to find shelter for millions of homeless.
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India, China leading investment destinations
India and China, the world's two fastest growing economies, leads the list of best places for investment and development, driven by their current GDP growth rates, appropriate investment climate and substantial trade opportunities, a latest report says. According to global consultancy Grant Thornton's International Business Report 2008 on emerging global Markets, China, India and Russia have emerged as the top three most- favoured destinations for investment and development.
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Asian fuel price rises unlikely to spark unrest
Leaders across Asia are starting to give in on the prickly issue of fuel subsidies, hiking prices in the face of $130 a barrel oil, but careful calibration of the steps may allow them to get away with it. Indonesia jacked up fuel prices by an average of 28.7 percent from Saturday, Sri Lanka followed with its own increase on Sunday and Bangladesh said it planned an increase soon. India is also considering such a move. The odd man out is China, which has strong finances and has said it does not plan to raise prices soon.
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Flash flood kills nine in southwest China
A flash flood killed nine people and left 11 others missing in southwest China's Guizhou province, state media said Tuesday, as thunderstorms also threatened neighbouring quake-hit Sichuan. Torrential rain hit nine townships in the Guizhou county of Wangmo on Monday evening that caused the flood, Xinhua news agency quoted the Emergency Response Office of the local government as saying. The flood destroyed 58 houses, two bridges, a highway, and power poles, causing blackouts in eight townships, affecting 26,000 people, Xinhua said.
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China Finds Escaped Quake Panda
China has recaptured a giant panda that made a bid for freedom after a massive earthquake devastated the research base where it lived, the official Xinhua agency said on Monday. The panda, named Xi Xi, was spotted on Sunday by a river not far from the Wolong research centre, but had disappeared into the woods by the time staff had got across. It did not get very far in its escape effort however, as they captured it on Monday just 200 metres (yards) downstream from its home.
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Soldiers move in to avert 'quake lake' disaster
CHINA will dynamite rock, mud and rubble forming a dangerously large "quake lake", hoping to avert a new disaster two weeks after a catastrophic tremor struck Sichuan province. The official death toll from the May 12 earthquake is now more than 60,000, but that number is certain to grow as searchers account for more of the 30,000 missing. Premier Wen Jiabao believes the toll could exceed 80,000. The frenzied initial rescue response is cooling into a battle with nature, deprivation and discontent sure to last long after thousands of aftershocks.