Up to 50 percent more rain than usual could fall in southern China in the next 30 days, with meteorologists warning of major floods and authorities preparing for evacuations
Greater Bay Area
The scheme marks the first time that people outside the Chinese mainland can set up digital yuan accounts locally.
Greater coordination between the separate legal systems of Macao, Hong Kong and the Chinese mainland is seen as crucial to business.
The initiatives come in the wake of recently introduced Hengqin-Macao multiple entry visas, which are expected to increase demand for the island’s hotels.
The new policy is aimed at boosting China’s plummeting levels of foreign investment, which sank to a 30-year low last year.
The deal will see greater cooperation when it comes to making the Greater Bay Area a more enticing destination for top professionals.
Authorities are still continuing with rescue efforts amid challenging conditions, with the number of fatalities expected to rise.
Official data shows that use of the world’s longest cross-sea bridge has risen significantly since the end of the Covid-19 pandemic.
No dates for the scheme have been announced, but speculation is mounting that specifics will be revealed imminently.