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Authorities step up relief efforts for relocated residents in rainstorm-hit Fujian

China

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China

Authorities step up relief efforts for relocated residents in rainstorm-hit Fujian

2024-06-22 16:50 Last Updated At:17:57

Authorities are ramping up relief efforts in Wuping County, east China's Fujian Province, as residents who live in areas may be affected by torrential rain-triggered landslides are being relocated to temporary housing with access to nutritious food and medical services.

Over 68,000 local people have been evacuated to safe places in the county after record-breaking torrential rains triggered landslides and mudslides.

In Zhongchi Town, one of the areas hardest hit by the floods, seven temporary relocation sites have been established to house affected residents. The ground floor of the town government building has been transformed into a canteen and recreational space, while the conference room on the second floor doubles as a sleeping area.

Large quantities of fresh fruits and vegetables have been delivered from the county, along with other food supplies such as mineral water, milk, and instant noodles.

Meanwhile, a team of medical experts has been stationed at the relocation site to provide professional medical services for the affected people.

"We are offered three meals with meat. They're a healthy mix of meat and vegetables," said Tong Yuchen, one of the relocated residents.

Since the torrential rains hit Wuping County last weekend, over 1,100 rescue and relief workers have been deployed to affected areas. A total of 58 temporary relocation sites have been set up in the county, sheltering 756 affected residents.

Authorities step up relief efforts for relocated residents in rainstorm-hit Fujian

Authorities step up relief efforts for relocated residents in rainstorm-hit Fujian

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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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