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Typhoons, Landslides, Sandstorms Cost China $42bn This Year

China’s emergency management ministry has revealed the huge cost of natural disasters, which killed 499 people, in the first nine months of 2023

An aerial view shows flooded villages in Minhou county after heavy rains brought by typhoon Haikui, in Fuzhou, Fujian province, on Sept 5, 2023 (CNSphoto/ Reuters).


A string of typhoons, deadly landslides, freakish hailstorms and torrential rains have cost the Chinese economy $42 billion so far this year, Beijing has said.

The country’s emergency management ministry revealed the unprecedented toll wrought on the nation of 1.4 billion by calamities that ranged from sandstorms to rains that brought massive flooding and historic rainfall in Beijing, the capital.

Officials said 499 people were reported dead and missing in natural disasters during the nine-month period, with more than 89 million affected, while over 2.75 million had to be evacuated and resettled.


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Four typhoons during the period caused heavy losses, with the most recent back-to-back events bringing flash flooding and hundreds of landslides in southern areas, while the north and northeast suffered record rain and evacuations.

China’s crops of rice, soy and corn were also battered, triggering larger inflation worries at a time when the government is battling to stabilise the economy.

Crops across 9.71 million hectares (24 million acres) were affected in the nine-month period, the government said.

Excessive heat forced a struggle with dramatic weather swings that some experts blamed on climate change.


  • Reuters with additional editing by Sean O’Meara


Read more:

Southern China Bracing for Typhoon After 400 Injured in Taiwan

Big Clean-up in Hong Kong, Macau, Other Areas After Typhoon Saola

Impact of Floods in China From Typhoon Doksuri Rises

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

Typhoon Storms Hit Northeast China; Factories, Farms Swamped



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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