Aerial footage shows scale of damage around collapsed Sky Villa apartment complex

Aerial footage has shown the scale of devastation around the renowned Sky Villa Condominium in Myanmar's quake-hit Mandalay, where many are believed to be buried beneath the rubble following Friday's powerful earthquake.

The 7.9-magnitude quake, which struck central Myanmar around lunchtime on Friday, has claimed at least 1,700 lives, and left some 3,400 injured with around 300 missing, according to an update by Myanmar's State Administration Council on Sunday.

The exclusive drone footage shot by Phoenix Television on Monday showed the extent of damage around the Sky Villa buildings in Mandalay City which have now been reduced to piles of rubble as the floors caved in.

Multiple rescue teams, including the Blue Sky Rescue Team, a Chinese civil relief squad, have been racing against time to locate possible survivors buried in the apartment buildings, hoping to rescue as many as possible as the crucial 72-hour window approached on Monday afternoon.

Chinese Search and Rescue Team has been continuing their efforts as part of the ongoing emergency response in hard-hit Mandalay and has successfully rescued four survivors, including three adult women and a girl. Chinese rescuers have so far rescued six survivors in Myanmar.

Aerial footage shows scale of damage around collapsed Sky Villa apartment complex

Aerial footage shows scale of damage around collapsed Sky Villa apartment complex

China's outbound direct investment (ODI) across all industries reached 429.42 billion yuan (about 62.88 billion U.S. dollars) during the first four months of 2026, representing an increase of 3.9 percent year on year, official data showed Tuesday.

Out of the ODI across all industries in yuan terms during the period, China's domestic investors made non-financial direct investment in 5,231 overseas companies across 142 countries and regions, with the investment value totaling 315.74 billion yuan, down 13.9 percent year on year, according to data released by the Ministry of Commerce and the State Administration of Foreign Exchange.

China's ODI rose as the actual use of foreign direct investment (FDI) in the country declined. The actual use of FDI totaled 287.69 billion yuan during the Jan-April period, down 10.3 percent from the previous year.

However, in the first four months of 2026, 20,113 new overseas-invested firms were established across the country, up 6.8 percent year on year, underscoring sustained confidence among overseas investors in the Chinese market.

China reports 3.9 pct rise in outbound direct investment in Jan-April