China rations electricity as heat wave suspends factories

Placeholder while loading article actions BEIJING – China’s worst heat wave in six decades has deepened the heat wave Economic pain From the pandemic lockdowns, authorities this week ordered factories to suspend production in several key manufacturing areas to conserve electricity. Sichuan Province, home to more than 80 million people, announced Monday that factories in … Read more

China cuts holdings of US Treasuries for the seventh month

The US and Chinese flags are seen in front of a US dollar banknote featuring US Founding Father Benjamin Franklin and Chinese yuan banknotes show late Chinese Chairman Mao Zedong in this illustrative photo taken on May 20, 2019. REUTERS/Jason Lee/Illustration Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – … Read more