1. Chinese industrial profits slumped by a record 8 per cent last month, as Beijing’s targeted stimulus efforts failed to arrest a slowdown in the key driver of China’s economy.
2. China's economy grew last month, according to a closely-monitored PMI series - which indicated growth for the first time in four months.
3. That cold was drawn into the interior of the country by a loop in a current called the jet stream that allowed Arctic air to spill southward. But an offsetting kink allowed unusually warm tropical air to settle over the West, large parts of Alaska and much of the Arctic.
4. As China's economic structure evolves, the rich list also is changing.