ClimateWire: The streets of this northwestern Chinese city were once packed with Ferraris, BMWs and other luxury cars. Now, they are all gone.
Average housing prices here have dropped by a quarter in two years. Driving across the city's downtown, you see vacant buildings and empty restaurants.
"The business of coal companies here turned south since late 2012," Yang Cheng, a local driver, explained while passing by a closed hotel.
"Yulin is a coal boomtown," Yang went on. "Once coal businesses are not...