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Emergency authorities across China hold various activities to enhance public capabilities surviving earthquake

China

Emergency authorities across China hold various activities to enhance public capabilities surviving earthquake
China

China

Emergency authorities across China hold various activities to enhance public capabilities surviving earthquake

2024-05-12 20:48 Last Updated At:21:27

From lectures to drills, a series of earthquake preparedness activities were held across China on Sunday, as May 12 marks the National Disaster Prevention and Reduction Day, which commemorates the 2008 Wenchuan earthquake that left more than 80,000 people dead or missing in the southwestern province of Sichuan.

The day was established in 2009 to raise public awareness about disaster prevention and to increase knowledge and skills to enable survivors to better cope with during and after disasters, according to China National Commission for Disaster Reduction.

On Sunday, the first National Earthquake Prevention and Disaster Reduction Science Popularization Home Event, which is organized by the China Earthquake Administration (CEA), is held in Ningbo City, east China's Zhejiang Province.

During the event, four well-known experts including Chen Yong, an academician of the Chinese Academy of Sciences and a geophysicist, delivered speeches from different perspectives such as Earth science, rural earthquake resistance, massive earthquake and disaster prevention, and earthquake early warning. Meanwhile, the lectures are webcast live, presenting the knowledge to a wider group of people.

"When a massive earthquake strikes, people got very short time - a few seconds, at most one minute (to escape). People must have enough knowledge, skills and training to instinctively choose the safest and most reasonable ways to avoid earthquake hazards," said Gao Mengtan, an expert from the Institute of Geophysics under the China Earthquake Administration (CEA).

Similar themed activities including lectures, exhibitions, book donations are slated to be held nationwide to raise public awareness about earthquake prevention and to increase knowledge and skills to enable survivors to better cope with during and after the disaster.

Mianyang City in southwest China's Sichuan Province carried out an emergency drill to test helicopters and drones' response to an earthquake.

Schools across the country also organized earthquake drills. In Ya'an City, southwest China's Sichuan Province, firefighters taught students how to use earthquake rescue equipment such as life detectors and hydraulic demolition crusher.

Emergency authorities across China hold various activities to enhance public capabilities surviving earthquake

Emergency authorities across China hold various activities to enhance public capabilities surviving earthquake

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China welcomes more LAC countries to issue panda bonds: central bank governor

2025-05-15 11:18 Last Updated At:11:37

China welcomes more Latin American and Caribbean (LAC) countries to issue panda bonds in China and share the development opportunities brought by the growth of the Chinese market, said Pan Gongsheng, governor of the People's Bank of China, the central bank, on Wednesday at the China-LAC Panda Bond Seminar in Beijing, one of the sub-forums of the China-CELAC (the Community of Latin American and Caribbean States) Forum.

Addressing the seminar, Pan said China and LAC countries, including Brazil, as important members of the Global South, have achieved fruitful outcomes in financial cooperation, contributing to China-LAC economic and trade cooperation, financial stability, and economic growth.

Given the complex and challenging international landscape, China and LAC countries should strengthen financial cooperation across broader and deeper fields to jointly address common challenges, he said.

Panda bonds are RMB-denominated bonds issued by foreign institutions within China. The funds raised through panda bonds are versatile, being used for purposes including financing domestic projects, business development, and overseas operations. These bonds provide a cost-effective source of capital for foreign institutions seeking to expand in international markets.

The issuers of panda bonds now span a diverse array of organizations, including international development institutions, foreign governments, overseas financial entities, and non-financial corporations. These issuers cover all five continents: Asia, Europe, Africa, North America, and South America.

In recent years, the panda bond market has experienced rapid development and emerged as one of the key drivers of RMB internationalization. Over the first four months of this year, the total issuance of panda bonds reached 62.2 billion yuan (8.6 billion U.S. dollars), continuing to demonstrate its strong growth and momentum.

China welcomes more LAC countries to issue panda bonds: central bank governor

China welcomes more LAC countries to issue panda bonds: central bank governor

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