At a time when much of the world is mired in economic torpor, China still enjoys enviable growth rates. Yet there's no question that its economy is growing more slowly these days.
Just ask Yan Liwei, a salesman for a construction materials company, who was visiting a park in Shanghai this weekend.
"The number of new construction projects is declining somewhat. It's taking longer for many of our clients to pay us what they owe," Liwei says. "Many small and midsized developers are feeling a cash crunch."
Originally published on Tue August 13, 2013 8:56 am
Babies come in pretty cute packaging — we're pretty sure it has something to do with Mother Nature wanting you to coo over a burping, pooping little freeloader. But now Chinese Internet users have found a way to one-up nature: They're wrapping those already adorable babes in watermelons.
Temperatures Wednesday in Shanghai hit an all-time high: 105.4 degrees, according to officials here. It was the hottest day in 140 years, since the government began keeping records.
The Chinese megacity is in the midst of its hottest summer ever.
Usually bustling streets are near empty at noon and thousands have gone to hospitals for relief. To get a feel for how people are handling the heat wave, I waded into a public pool in the city's Hankou district. By early afternoon, the temperature was 98 degrees in the shade, according to the thermometer I brought along.
It's being called a destroyer, or perhaps a helicopter carrier. But by any name, Japan's new warship, unveiled Tuesday, is the largest it has built since World War II. The ship was shown to the public on the anniversary of the 1945 atomic bombing of Hiroshima, and at a time of escalating tensions with China.