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But those benefits are dissipating. Higher interest rates raise the cost of borrowing for businesses and this can slow economic activity. But higher rates benefit individual savers.

But the latest investigation reveals that the tunnel was only painted over by coating instead of being reinforced with steel bars.

By 9 am on Monday, Shanghai had cleared its blue alert – the fourth level of China's four-tier color-coded warning system – for heavy rains and thunderstorms.

But to support his family, he has spent much of that time away from loved ones, toiling in South African ports as a mechanic, where job prospects and salaries were more competitive.

But the pressure should be temporary, Wang said, while firms with solid fundamentals and reliable financial reporting will ride out the pressure.