News Snapshot:
The COVID-19 lockdown in China earlier this year disrupted global supply chains, causing shipping and production delays around the world and hindering economic growth.Now the country is facing another major threat, and that threat could be even worse for the economy.This month, China coped with the worst heat wave in 60 years, with temperatures in several provinces typically reaching 40°C (104°F). But one key province is suffering the worst financial impact from the stifling heat. In Sichuan province, home to more than 80 million people, record heat has exacerbated an ongoing drought, causing water levels in reservoirs to halve this...
