An inland East China province across the Yangtze and Huai basins
A series of extreme weather events across southern Asia has intensified, with heavy rainfall triggering floods in parts of China while India and Pakistan endure ongoing heatwaves. Authorities warn of continuing heat and flood risks in coming days as climate-linked patterns drive extreme conditions.
Severe rainfall has triggered floods and resettlement across southern and central China. Authorities warn of more downpours as rescue efforts continue and emergency responses are under way in Hunan, Hubei, Guangxi and other provinces.
Typhoon Bavi has struck Zhejiang province after skirting northern Taiwan and Japans southern islands, forcing the evacuation of more than two million people and cancelling hundreds of flights and trains. Bavi has weakened to a severe tropical storm but is carrying large volumes of moisture that will produce prolonged heavy rain and flood risk across eastern and northern China over coming days.
Rivian plans a public offering to raise about $1.5 billion while ChangXin Memory Technologies priced its Shanghai IPO at 8.66 yuan per share, potentially raising up to 66.6 billion yuan. The offerings come as Rivian aims to fund a loan-related equity contribution and ChangXin expands its market presence on STAR Board.
China’s CXMT has raised about $8.6-9.8 billion in its STAR-market IPO, underscoring Beijing’s drive for tech self‑reliance. The stock surged on debut but faces headwinds from limited access to EUV tooling and ongoing competition from Samsung, SK Hynix and Micron. Analysts say long-term success depends on closing technology gaps, not investor enthusiasm.