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Days of heavy rain have caused severe flooding in China’s leading grain-producing region in the northeast, killing 14 people and raising concerns about food security as floodwater inundated farmlands.
BEIJING, July 3 (Xinhua) -- A working team has been dispatched to central China's Henan Province to guide flood relief efforts, according to China's State Flood Control and Drought Relief Headquarters.
China sends team to Henan to guide flood relief-
Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom apartments built about three decades ago, spent 18,000 yuan ($2,528) this month in purchasing his 15th property in Hebi, where prices have plunged over the last two years. Real estate agents said low-cost apartments in smaller Chinese cities such as Huainan and Rushan in the east, and Gejiu in the southwest, are also being bought, largely by peop...
Chinese buyers are snapping up low-cost apartments in smaller cities, such as Huainan, Rushan and Gejiu, where prices have fallen by as much as 27% from their peak in 2021.