China Quake Estimates: 50,000 Dead; $9.5 billion in Company Losses

May 20, 2008

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.

Topics Profit Loss China

Was this article valuable?

Here are more articles you may enjoy.