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From a high altitude overlooking Tong'an Bay in Xiamen, East China's Fujian Province, patches of greenery are embedded like emeralds in the azure sea on both sides of the bay's top bridge. Walking on the plank road in the Xiatanwei Mangrove Park, the largest artificially reconstructed mangrove-themed ecological park in Fujian, with the tide rising wave after wave, the mangrove forest gently sways, showcasing a successful example of ecological restoration in Xiamen Bay.
The market for Chinese developers dollar-denominated bonds has seen a meltdown over the past two years, losing 87% of its value. The rout has wiped out USD135.5 billion of value from USD154.9 billion of outstanding notes, as per Debtwire. This has sparked calls for a fresh approach to stimulating the property market including government-funded construction of affordable housing.
China is a world leader in terms of shipbuilding capacity and trade volume, but it is seen to lag behind in terms of services surrounding the industry, including arbitration to resolve disputes.
China's 40th Antarctic expedition sets sail and a new research station will be built. The station is located in the coastal area of the Ross Sea in East Antarctica. It is the fifth Antarctic research station in China, the third perennial research station after the Great Wall and Zhongshan Station. The 40th Chinese Antarctic Expedition departed from China on November 2023, 11 and returned in April 1, lasting more than five months. The expedition team consisted of more than 4 people from more than 5 units in China.