Business Insurance

Login  |  Register Subscribe

cbVid =

Natural disasters cost China $69 billion in 2013

February 25, 2014 - 6:00am

Natural disasters cost China 421 billion Chinese yuan ($69 billion) in 2013, reveals data from the National Statistics Bureau.

Zhu Congwen, researcher with the China Academy of Meteorological Sciences told Reuters "in recent years, China has seen a combination of floods and droughts simultaneously."

The government said a changing climate is resulting in more severe weather, which affects food production and causes damage to energy security.

Read more


Get our daily Global Focus newsletter

You may also want to visit

International Content