July 12, 2024 11:44 AM

Natural disasters cost China $13 bln in January-June

China suffered direct economic loss worth 93.16 billion yuan ($12.83 billion) in the first half of this year due to natural disasters, the government said on Friday. This is the deepest first-half disaster-related loss since 2019, according to data available on the Emergency Management Ministry website, as the country suffered flooding, drought and extreme temperature in the first six months of the year. China saw cold spells and heavy snow earlier in the year, a 7.1 magnitude earthquake in th...