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00:01:55China's market collapse of $6 trillion | World Business Watch
With the value of Chinese and Hong Kong equities dropping by $6 trillion from their peak in February 2021, China's stock markets are in free fall. According to reports, the government is considering requiring banks to sell dollars, intervene directly in the stock market, and create a $282 billion fund to stabilize it.
#china #chinaeconomy #chinacrisis00:02:41Chile pollution: The government plans to shut down coal facilities.
A coal plant in northern Chile is set to begin shutting down as part of a government strategy to phase out coal production there. Many residents of Mejillones are in advanced stages of cancer as a result of plant poisoning. The coal industry gave the port town riches but also produced high amounts of pollution.
#chilecoalphaseout #mejilloneshealthcrisis #coalplantclosure
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