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Over 1,000 aftershocks detected after Xizang 6.8-magnitude quake

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      China

      China

      Over 1,000 aftershocks detected after Xizang 6.8-magnitude quake

      2025-01-09 09:20 Last Updated At:18:57

      A total of 1,095 aftershocks had been recorded as of 8:00 Thursday after a 6.8-magnitude earthquake jolted Dingri County in southwest China's Xizang Autonomous Region on Tuesday morning, according to the China Earthquake Networks Center (CENC).

      The powerful quake struck Dingri in Xigaze City at 9:05 a.m. Tuesday, with a depth of 10 km. The disaster has claimed at least 126 lives, injured 188 others, and caused the collapse of more than 3,600 houses as of Tuesday night.

      Aftershocks include 804 below magnitude 2.0, 258 between magnitudes 2.0 and 2.9, 29 between magnitudes 3.0 and 3.9, and four between magnitudes 4.0 and 4.9. The strongest so far measured 4.4 in magnitude, occurring some 18 kilometers from the epicenter of the main quake.

      The epicenter, located in Tsogo Township, is home to approximately 6,900 people across 27 villages within a 20-km radius. Dingri County, situated on the northern slope of the Himalayas, borders Nepal to the south and lies near the northern base camp of Mount Qomolangma, the world's highest peak.

      To support rescue operation and disaster assessment, the Jilin-1 satellite was deployed to capture real-time images of the quake-hit areas.

      In Tsogo Township, the epicenter, many traditional mud-brick homes were completely destroyed. High-resolution satellite images show widespread devastation, with houses reduced to rubble.

      In Changsuo Township, satellite images reveal widespread damage to homes, which were mainly built with earth-and-wood structures known for their vulnerability to seismic activity. Villages such as Tonglai and Gadan witnessed significant destruction, with individuals trapped in fallen buildings. Some villagers' two-story homes collapsed partially, leaving only remnants of their upper walls.

      Quelo Township also experienced severe devastation. Satellite comparisons show widespread structural failure in homes built with earth-and-wood materials. Rescue teams, including the People's Liberation Army, armed police, and firefighting units, rushed to Quelo to search for survivors. Local authorities have set up temporary shelters to house affected residents.

      Over 1,000 aftershocks detected after Xizang 6.8-magnitude quake

      Over 1,000 aftershocks detected after Xizang 6.8-magnitude quake

      Over 1,000 aftershocks detected after Xizang 6.8-magnitude quake

      Over 1,000 aftershocks detected after Xizang 6.8-magnitude quake

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      Local Chinese banks offer innovative services to help stabilize foreign trade

      2025-05-12 18:03 Last Updated At:18:37

      Local banks and financial companies across China have been using innovative funding services and tailored measures to help foreign trade enterprises stabilize their foreign trade, tackling difficulties from external impacts.

      In the first four months of this year, China's total goods imports and exports in yuan-denominated terms expanded 2.4 percent to 14.14 trillion yuan (around 1.9 trillion U.S. dollars), official data showed.

      In Pingxiang City, south China's Guangxi Zhuang Autonomous Region, a local bank and a government financing guarantee institution have been cooperating to issue low-interest-rate "border trade loans," or innovative special loans of up to 10 million yuan (around 1.39 million U.S. dollars) for enterprises and individuals engaging in border trade.

      "I received the loan the day after I signed the agreement with the bank," said Shen Wuyang, deputy general manager of a local food company, which was able to continue its latest round of research and development with his loan of three million yuan.

      "We listed more than 70 companies (with such funding needs), and have issued over 40 million yuan of loans to six of them," said Zhang Qing, head of the Guangxi branch of the Agricultural Bank of China.

      Most of China's cross-border e-commerce entities operate in Shenzhen in southern Guangdong Province, where many could not or dared not take orders due to uncertainties in foreign trade. To deal with this situation, the Shenzhen Financial Regulatory Bureau announced on April 22 that six Shenzhen-based property insurers jointly issued China's first cross-border e-commerce credit guarantee insurance, which provides credit guarantees for domestic purchases by cross-border e-commerce platforms.

      Local Chinese banks offer innovative services to help stabilize foreign trade

      Local Chinese banks offer innovative services to help stabilize foreign trade

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