Yang Wei, 26, and his wife share a small apartment in the manufacturing hub of Dongguan, in the Pearl River Delta. Every morning they bicycle a few kilometers to their jobs at two electronics components plants. To see their 6-year-old daughter they take a 17-hour train ride, followed by six more hours on three buses. She lives in mountainous Fenghuang County, Hunan, more than 600 kilometers (373 miles) to the northwest, with Yang’s 53-year-old mother. He and his wife see their daughter once every 12 months for 10 days during the Chinese New Year.
Oversea-Chinese Banking Corp.’s talks to buy Wing Hang Bank Ltd. are reminding investors of the decade of writedowns DBS Group Holdings Ltd. went through to integrate its purchase of a Hong Kong-based lender.
Oversea-Chinese Banking Corp., Southeast Asia’s second-biggest lender, fell to a more than six- month low in Singapore stock trading amid concern it may pay too much to take over Hong Kong’s Wing Hang Bank Ltd.
Hong Kong warned residents to reduce time spent outdoors under a new air-quality monitoring system implemented yesterday as the city seeks to counter criticism it’s not doing enough to combat pollution.
More than 2 percent of China’s arable land, or an area the size of Belgium, is too polluted to grow crops, the government said, offering new evidence of the environmental cost associated with 30 years of breakneck growth.