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International

Natural disasters cause nearly $50 billion of economic losses

October 20, 2017 Reprints

The China National Commission for Disaster Reduction and the country's civil affairs ministry said that natural disasters caused nearly $48 billion in direct economic losses in the first nine months of this year, Xinhua reported. Additionally, more than 139,000 houses were damaged and another 1.5 million destroyed. Natural disasters damaged about 18.2 million hectares of farmland, with more than two million hectares destroyed.

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Natural disasters cause nearly $50 billion of economic losses

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