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The National Administration of Financial Regulation (NAFR), China's newly integrated financial regulator, has asked insurance companies to accelerate payment of claims related to the recent torrential rains in multiple places across the country.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
China raised its flood-control emergency response in the country's northeastern regions to Level III on Sunday morning following severe rainstorms and flooding in North China's Inner Mongolia Autonomous Region and Northeast China's Heilongjiang and Jilin provinces, as torrential rain caused by the remnants of Typhoon Doksuri cost six lives in Jilin's Shulan city and inundated large swaths of grain fields.
BEIJING, Aug. 6 (Xinhua) -- Nearly 60 percent of the 270 flood-affected villages in Beijing's districts including Fangshan, Mentougou, and Changping have restored power supply, said State Grid Beijing Electric Power Company on Sunday.
China is struggling with record-breaking rains in some areas while others suffer scorching summer heat and drought that threatens crops.