Emergency responses triggered across eastern China in face of Typhoon Bebinca

Cities in China's Yangtze River Delta region have triggered emergency responses, including cancellation of trains and flights, road closures, and the relocation of affected civilians, after Typhoon Bebinca made landfall in Shanghai on Monday, causing extensive disruption as it moves northwestward.

Bebinca, the 13th typhoon of the year, made landfall in the Pudong District of Shanghai around 07:30 on Monday morning.

At the time of landfall, the maximum wind speed near the eye of the storm was about 42 meters per second, making it the strongest typhoon to land in Shanghai in decades.

In preparation for the storm, the city had relocated over 410,000 residents, canceled 577 trains and 1,461 flights.

On Monday afternoon, the first flights landed at Pudong International Airport and Hongqiao International Airport in Shanghai since the two airports announced on Sunday evening that all flights were cancelled because of Bebinca.

In nearby Jiangsu Province, cities including Nantong and Suzhou have been lashed by gales and strong rainfall. Expressways in parts of Suzhou, Nantong, Wuxi and Changzhou cities were closed while reduced speed limits, toll booth closures and the closures of bridges across the the Yangtze River were also put into effect.

Over 21,000 vessels have returned to ports in Jiangsu, while more than 7,700 construction sites and 315 scenic spots in the province have also been closed.

In Zhejiang Province's eastern coastal city of Zhoushan, local authorities relocated over 44,000 residents living in the danger-prone regions.

At 15:00 on Monday, China's State Flood Control and Drought Relief Headquarters lowered the emergency response for Shanghai and Zhejiang from the previous Level III to Level IV, while the emergency response status for Jiangsu and east China's Anhui Province has been maintained at Level IV.

China's National Meteorological Center said that Bebinca will bring more heavy or torrential rain to Shanghai, northern Zhejiang, southern Jiangsu, Anhui and Henan in the next three days.

Emergency responses triggered across eastern China in face of Typhoon Bebinca

The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points amid cooling inflation and a weakening labor market, marking the first rate cut in over four years.

"The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance," the Federal Open Market Committee (FOMC), the central bank's policy-setting body, said in a statement.

"In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent," the FOMC said.

This signals the start of an easing cycle. Starting from March 2022, the Fed had raised rates consecutively for 11 times to combat inflation not seen in forty years, pushing the target range for the federal funds rate up to between 5.25 percent and 5.5 percent, the highest level in over two decades.

After maintaining rates at the high level for over a year, the Fed's tight monetary policy faced pressure to pivot due to the easing of inflationary pressures, signs of weakening in the job market, and slowing economic growth.

U.S. Fed slashes rates by 50 basis points, first rate cut in four years