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TAIPEI, Taiwan (AP) — China’s former foreign minister, Qin Gang, who has been missing from public view since last June, has resigned from the national legislature, state media reported Tuesday.
China is considering a nationwide scheme to reduce inventory in the property markets by urging local governments to purchase unsold homes from distressed property developers.
Across the world, many cities are slowly sinking. Most are on the coast, including tropical megacities like Jakarta in Indonesia or Manila in the Philippines, or places like New Orleans, Vancouver or much of the Netherlands. Other sinking cities, like Mexico City and many of those in China, can be well inland. Yet this still remains a widely overlooked hazard.
As China’s cities grow, they are also sinking.
Two senior executives at state-owned oil giant China National Offshore Oil Corp. (CNOOC) have been placed under investigation as an anti-corruption crackdown sweeps through the oil and gas industries.
BEIJING (AP) — A bus crashed into a tunnel wall on an expressway in northern China killing 14 people, state media said Wednesday.
