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Typhoon Bebinca wreaks havoc in Shanghai

China

China

China

Typhoon Bebinca wreaks havoc in Shanghai

2024-09-16 15:54 Last Updated At:20:37

Bebinca, the 13th typhoon of the year, has been wreaking havoc in Shanghai since making landfall around 07:30 on Monday, bringing about 50 millimeters of rainfall by 08:00.

At the time of landfall, the maximum wind speed near the eye of the storm was about 42 meters per second.

Shanghai's meteorological observatory upgraded the yellow alert for heavy rain to an orange alert at 11:00, forecasting that the cumulative precipitation in most areas of the city will exceed 100 mm within the next six hours.

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

Amid the heavy rainstorm, a tuned mass damper inside the Shanghai Tower, designed to keep the 632-meter skyscraper stable under severe weather conditions, was seen visibly shaking.

The special wind resistance device weighs about 1,000 tons and can produce a reacting force against the tower's mass inertia. Its main function is to mitigate vibrations caused by rainstorms, providing more comfort to people on the higher floors.

As of the dawn on Monday, more than 414,000 residents have been evacuated to safety and over 800 ships have returned to port, according to Shanghai's flood control and drought relief headquarters.

The resettlement sites are fully equipped with power supplies, lighting, drinking water, food, and other essential supplies to support the evacuees.

Over 2,500 rescue teams consisting of 56,000 rescue workers, backed by over 80 mobile pump trucks and 400 material warehouses, are on standby for emergency response.

Typhoon Bebinca wreaks havoc in Shanghai

Typhoon Bebinca wreaks havoc in Shanghai

Typhoon Bebinca wreaks havoc in Shanghai

Typhoon Bebinca wreaks havoc in Shanghai

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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