Reuters: From coal to cars, Chinese floods tangle supply chains
Thu July, 2021, Age: 3 years
The floods that hit Henan particularly affected the major economic and transport hub of Zhengzhou. This threatens the supply chain for many goods, from cars to electronics to pigs, peanuts, and coal. At the same time, China Development Bank said it would issue 1.86 billion yuan in emergency loans to the Zhengzhou Metro Group and other local government companies to reinforce drainage and rebuild foundations.