China Quake Estimates: 50,000 Dead; $9.5 billion in Company Losses
China’s government says companies suffered 67 billion yuan (US$9.5 billion; €7 billion) in direct losses from last week’s earthquake.
The announcement by a deputy industry minister, Xi Guohua, came during a news conference Monday.
The May 12 quake in central China’s Sichuan province killed an estimated 50,000 people.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Survey: Majority of P/C Insurance Decision makers Say Industry Will Be Powered by AI in Future
- PE Firm Cornell Sued Over $345 Million Instant Brands Dividend
- Verisk: A Shift to More EVs on The Road Could Have Far-Reaching Impacts
- T-Mobile’s Network Breached as Part of Chinese Hacking Operation
Popular This Month