Troubled Chinese economy worsens due to heatwave caused by anti-environment policies


Source: aninews.in aninews.in

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Beijing [China], August 24 (ANI): China has been witnessing heatwave-caused droughts, heavy rainfalls, power outages, and supply chain disturbances resulting in a serious impact on China's economy , owing to anti-environment policies for decades. Beijing has declared its first drought emergency as heat waves have dried up areas of the Yangtze River, affected power supplies, shut down factories, disrupted crop production, and crippled the supply chain. These heat waves can turn out more damaging to its economy than the COVID-19 pandemic. According to Dan Wang, chief economist at Hang Seng Bank China, the country's economy was in "a dire situation"...