Page 35 - Yanqing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Heavy rainstorms began to occur in the Beijing area on the night of 31 July, and exceptionally heavy rains began in the southwest. As of 29:31 on the 20st, a total of 52384,<> people threatened by heavy rain had been evacuated from Beijing. The largest rainfall in the city was in the alpine rose garden in Mentougou District, reaching 687.2 mm. At present, the risk of geological disasters such as collapse and landslides in the mountainous areas of Beijing is high.

The appointment of Pan Gongshen comes at a delicate time for China. But he is used to solving big problems.

Pan Gongsheng’s lack of a power base within the Communist Party may be offset because he commands the top two spots at the central bank.

Pan Gongsheng, who was named governor of the People’s Bank of China after overseeing $3 trillion in reserves, stopped a currency plunge in 2016.

Analysts say Pan Gongsheng’s many years of experience at the People’s Bank of China give him a critically important vantage point from which to tackle financial risks and shore up economic growth.