China’s government says companies suffered 67 billion yuan (US$9.5 billion; €7 billion) in direct losses from last week’s earthquake.
The announcement by a deputy industry minister, Xi Guohua, came during a news conference Monday.
The May 12 quake in central China’s Sichuan province killed an estimated 50,000 people.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Profit Loss China
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
