Jul.20 -- At least 24 provinces across China are on high alert for record flooding as heavy rain continues to drench regions along the Yangtze River. Several provinces have seen more than 40 days of rain and flooding. Authorities say that since July, 20 million people have been affected with over 12 thousand homes destroyed. Bloomberg’s John Liu reports on “Bloomberg Markets: China Open.”
Countries and regions across the globe are facing natural disasters on an unprecedented scale. Some experts believe global warming and climate change is the reason.