9,000 People Evacuated In Jianxi, China; Financial Troubles For Chinese Military Company?

In Jiangxi Province, close to 9,000 villagers were evacuated when a dike broke. The break was about 164 feet long. Close to 2,471 acres of farmland are affected.

In Guangzhou Province, people were also evacuated after the Fengdongling mountain started to crack; and in Sichuan Province close to 7,100 people were evacuated after the Guanghan Jinyan Fireworks factory exploded.

And a Chinese military-linked company has defaulted on 2 billion RMB ($285 million) in bonds, raising questions about the real state of the Chinese economy.

These stories and more in this episode of Crossroads.

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