Xinhua News Agency reports on preparations for the big parade in Beijing on Thursday
- Temporary controls to last from August 28 to September 4
- More than 10,000 factories reducing or stopping production
- The suspension order for factories and steel mills covers a total of seven provinces
- Work on nearly 9,000 construction sites stalling
- Restrictions on road traffic
- China is planning a parade to mark the 70th anniversary of the end of World War II
- The area affected is bigger than that during APEC in November 2014
-
Let's hope it all goes off smoothly and safely. Markets will, of course, be concerned about the impact of slowing production in China amidst broader concerns on the economy.