One of China’s top CEOs lost $1.7 billion in just a single day. Beijing just ordered millions of investors to exit overseas markets, with the massive regulatory raid triggering a global panic sale.
Huawei has unveiled a plan to build some of the world’s most advanced computer chips within the next five years despite U.S. sanctions, as China pushes to reduce its reliance on foreign semiconductor technology.
A massive explosion ripped through a red-flagged coal mine in northern China, with at least 82 dead and two missing. Rescuers say fake blueprints and unregistered workers left them searching in the dark.
Deadly flooding is worsening in southwestern China after days of extreme rain. Thousands have been evacuated as rescue efforts continue.