China's Ministry of Water Resources on July 10 activated a Level-IV flood-defense emergency for Zhejiang and Fujian and sent two working groups to frontline flood-control sites to assist and advise. Typhoon Bavi combined with an incoming cold front is expected to bring widespread heavy rainfall to eastern China on July 11–12, with central–northern Fujian and central–southern Zhejiang facing potential torrential downpours. The Min, Ou and upper Qiantang river basins and coastal rivers are forecas

2026-07-10

China's Ministry of Water Resources on July 10 activated a Level-IV flood-defense emergency for Zhejiang and Fujian and sent two working groups to frontline flood-control sites to assist and advise. Typhoon Bavi combined with an incoming cold front is expected to bring widespread heavy rainfall to eastern China on July 11–12, with central–northern Fujian and central–southern Zhejiang facing potential torrential downpours. The Min, Ou and upper Qiantang river basins and coastal rivers are forecast to see significant water rises; the Min and Ou rivers may generate numbered flood events. Coastal tide gauges in Zhejiang and Fujian are likely to exceed warning levels at many stations, and hilly areas face elevated mountain-torrent/flash-flood risk.

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2026-07-10

On July 10 the State Administration for Market Regulation disclosed a batch of business operators added to the serious illegal/untrustworthy list for engaging in 'involution-style' competition by producing and selling substandard products; the public exposure is intended to deter market-disrupting conduct and restore orderly competition.

2026-07-10

ING economists Marieke Blom and Amrita Naik Nimbalkar say in a report that if euro-area household saving rates fell back to pre-pandemic averages, it would release demand equal to about 1% of GDP. Household saving was 14.3% of disposable income in Q1 versus a five-year pre-pandemic average of 12.5%. If savings dropped to the US level of 10.2% (US Q4 2025), the euro-area GDP boost could approach 2%. Higher mortgage rates, slower credit growth and elevated precautionary savings are likely to keep