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China has officially begun construction of a national AI application pilot base for industrial software in Jinan, Shandong. The facility will provide unified simulation workshops, a shared compute pool and industrial datasets to test AI software unde

2026-06-23

China has officially begun construction of a national AI application pilot base for industrial software in Jinan, Shandong. The facility will provide unified simulation workshops, a shared compute pool and industrial datasets to test AI software under real operating conditions. The base will focus on three categories—R&D design, production control and business management—has cataloged more than 100 industrial application scenarios and signed cooperation agreements with over 20 companies. Its stated goal is to bridge industrial AI from laboratory proof-of-concept to factory deployment.

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2026-06-23

China will see above-normal extreme weather during this year’s main flood season, with concurrent drought and flood risks and two distinct north–south rain belts, the Ministry of Emergency Management said. Heavy floods are possible in the Haihe, Song

China will see above-normal extreme weather during this year’s main flood season, with concurrent drought and flood risks and two distinct north–south rain belts, the Ministry of Emergency Management said. Heavy floods are possible in the Haihe, Songliao, Pearl River, upper Yangtze and lower Yellow River basins; landfalling typhoons may be more frequent and stronger. Northern China is forecast wetter with elevated flood and inundation risk; as the rain belt shifts west and north, parts of the south could transition from flooding to drought, complicating flood control and drought relief. Recent trends show extreme events breaking past patterns: northern heavy-rain events are about 50% more frequent than the 1990s average and their integrated intensity about 50% stronger than the long‑term norm. The northern wet bias and high risk of damaging heavy rain and severe convective storms are expected to persist over the next five years. Global warming is identified as the primary driver and El Niño as an important contributing factor.
2026-06-23

ECB chief economist Lane said the ECB will continue to closely monitor two-sided risks to the economic outlook.

ECB chief economist Lane said the ECB will continue to closely monitor two-sided risks to the economic outlook.
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