A severe winter storm recently caused massive blackouts in the US state of Texas, leaving millions in freezing temperatures and darkness for days and claiming more than 30 lives. That led to some netizens in China wondering "If similar extreme weather hit China, would the same tragedy happen?" The answer is probably "no", as China's power supply system has several advantages. Texas has an almost completely isolated grid system – power from other states accounts for only 1.7 percent of its maximum capacity. As a whole, the United States doesn't have a national grid system and lacks coordination among states. In comparison, China has a national grid system, which is composed of six regional systems. Except the northwestern region, which has a 750-kilovolt backbone power network, the other five regions all have 500-kV networks, with networks in the North China and East China boasting 1000-kV ultra-high voltage power transmission lines. When Texas was hit by the blackout, … [Read more...] about Could China’s power grid withstand a Texas-sized disaster?
BEIJING -- China's State Council Information Office will in the near future issue a report on the human rights violations in the United States in 2020, an official statement said Monday. Titled "The Report on Human Rights Violations in the United States in 2020," the 15,000-Chinese-character document details facts regarding Washington's incompetent pandemic containment leading to tragic outcomes, American democracy disorder triggering political chaos, ethnic minorities suffering racial discrimination, continuous social unrest threatening public security, growing polarization between the rich and the poor aggravating social inequality, and US trampling on international rules resulting in humanitarian disasters. … [Read more...] about China to issue report on human rights violations in US
HONG KONG: HSBC Holdings Plc said on Friday it would make new investments in its wealth management and insurance operations in mainland China. The announcement comes at a time when the UK-headquartered bank is under fire from some shareholders and British lawmakers for its support for the new National Security Law in Hong Kong, its largest market, which critics say undermines freedoms in the city. HSBC will establish a financial technology company on the mainland, and its life insurance joint venture in China will hire new staff to provide non-branch based wealth management services to customers in Shanghai and Guangzhou, the Asia-focussed lender said in a statement. Many international financial institutions see opportunities in providing services to upper middle class and rich individuals in China and Asia more broadly. HSBC hopes to be the top wealth manager in Asia in the medium to long term, Greg Hingston, the bank's regional head of wealth and personal banking told … [Read more...] about HSBC to invest further in China amid political strife over Hong Kong law
NEW DELHI: India's additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build. Customs officers at Indian ports have held back shipments from China and sought additional clearances after deadly clashes at the disputed Himalayan border last month. The checks have been imposed without any formal order. While several companies such as Apple and Dell have been battling to free stuck shipments, hundreds of employees at Taiwanese contract manufacturer Foxconn's two plants in the south had no major work to do this week as shipments were delayed, sources said. More than 150 Foxconn shipments - containing smartphone and electronic parts - were stuck at the port of Chennai, though some are being cleared slowly now, the first source said. The total number of parts in the shipments was not clear. … [Read more...] about Apple supplier Foxconn, others hit as India holds up imports from China
NEW DELHI: Indians burned portraits of Chinese President Xi Jinping on Thursday (Jun 18) as families cremated some of the 20 soldiers killed in hand-to-hand fighting with Chinese troops in a disputed mountainous border region. Troops remained on alert at the Galwan Valley in the Ladakh region of the western Himalayas three days after the clashes, in which India said China had also suffered casualties. China has not given details of deaths or injuries among its troops. Despite the tensions, Indian Foreign Minister Subrahmanyam Jaishankar will take part in a previously scheduled virtual meeting with counterparts from Russia and China on Jun 23, foreign ministry spokesman Anurag Srivastava said in New Delhi. Jaishankar spoke to senior Chinese diplomat Wang Yi on Wednesday and they agreed not to take any steps to escalate matters. An Indian official said senior military officers from both sides were holding talks on Thursday to defuse tensions. But Jaishankar and Wang Yi traded … [Read more...] about India holds funerals for soldiers killed in China border clash as tensions stay high