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China warns of record-breaking heatwave in northern provinces

China

China

China

China warns of record-breaking heatwave in northern provinces

2024-06-10 23:04 Last Updated At:23:37

China's National Meteorological Center issued an orange alert for record-breaking high temperatures in the northern provinces on Monday, the fourth consecutive day of a continuous heat wave.

The heat wave has swept across the country's northern regions, from the eastern province of Shandong to the northwestern Xinjiang Uygur Autonomous Region, with temperatures soaring to 35 degrees Celsius. Some areas may reach 40 degrees and above,even breaking all-time record for the same period.

China has a four-tier color-coded extreme weather warning system, with red representing the most severe warning, followed by orange, yellow and blue.

Shandong province issued an orange alert for high temperatures on Monday. Cities have activated their emergency plans to deal with the effects of the hot weather.

"In hot weather, we replace labor with machines by increasing the frequency of mist cannon trucks and sprinklers to reduce dust and temperature. Meanwhile, we reduce the frequency of sanitation workers working outdoors and increase the frequency of street sweepers from three to six times a day," said Zhang Hongbin, machinery director of local Urban Management and Law Enforcement Bureau.

Hebei Province issued a red alert for high temperatures on Monday. Some shops are kindly offering free chilled water to the sanitation workers.

China warns of record-breaking heatwave in northern provinces

China warns of record-breaking heatwave in northern provinces

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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