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Typhoons, Floods, Heatwaves Cost China Economy $5.7bn in July

More than 1.2 million people have been evacuated in the northern province of Hebei because of rains from Typhoon Doksuri

A fallen tree is seen on a street as Typhoon Talim brought strong wind and heavy rainfall in Beihai, Guangxi Zhuang Autonomous Region, China July 18, 2023. cnsphoto via REUTERS?File Photo
A fallen tree is seen on a street as Typhoon Talim brought strong winds and heavy rain to Beihai, Guangxi Zhuang Autonomous Region, China, on July 18, 2023. Photo: Reuters


Extreme weather events in China last month left it with a repair bill of $5.74 billion, more than the previous six months combined, as typhoons, floods and heatwaves hit various parts of the country.

The impact of floods, while common in China in summer, has grown more pronounced this year, affecting over 7 million people nationwide in July, when Beijing was struck by the worst rains in 140 years after the capital’s hottest June on record.

August, when rainfall usually peaks and summer temperatures soar, is set for further economic impact from floods and heatwaves. Rainfall in northeastern provinces could be as much as 50% higher than normal in August, China’s national forecaster have warned.


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July losses from Typhoon Talim, which landed in southern China in the middle of the month, were 2.61 billion yuan, while losses from the more destructive Doksuri, the remnants of which are still being felt in northeastern China, reached 14.74 billion yuan as of the end of July, the Ministry of Emergency Management said in a statement late on Friday.

Overall losses, compounded by damage from floods in southwest and northwest China, far exceeded the 38.23 billion yuan in the first half of 2023, and pose an unexpected drag on quarterly growth in the world’s second-largest economy, which is already in want of stimulus.

In the northern province of Hebei, over 1.2 million people had been evacuated as of Wednesday due to flooding caused by residual rains from Doksuri.

In the port city of Tianjin, which shares a border with Beijing and Hebei, local authorities have evacuated about 66,000 people as they braced for flooding from upstream rivers.

China’s top economic planner on Friday earmarked an additional 100 million yuan to support post-disaster recovery in Tianjin and Hebei on top of the 100 million yuan announced on Wednesday for Beijing and Hebei. 

The finance and water resources ministries separately on Friday also offered 450 million yuan to support the overall recovery effort.


  • Reuters with additional editing by Sean O’Meara


Read more:

Typhoon Storms Hit Northeast China; Factories, Farms Swamped

Taiwan Shuts Schools, Stock Market as Typhoon Khanun Closes In

Beijing, Northern China Counts Cost as Typhoon Doksuri Kills 20

China, Taiwan Braced as Super Typhoon Doksuri Heads For Land



Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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