It's that time again: Lunar New Year. Red packets of money will change hands and dragon dances will roar through the streets as people around the world, predominately of Chinese descent, usher in the Year of the Pig.
China is planning to apply the same technology used to detonate a nuclear bomb over Hiroshima during the second world war to access its massive shale gas reserves in Sichuan province. While success would mean a giant leap forward not only for the industry but also Beijing’s energy self-sufficiency ambitions, some observers are concerned about the potential risk of widespread drilling for the fuel in a region known for its devastating earthquakes.
The U.S. State Department on Thursday updated its travel warning about China, urging Americans to “exercise increased caution” in the country “due to arbitrary enforcement of local laws as well as special restrictions on dual U.S.-Chinese nationals.”