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 This material may not be published, broadcast, rewritten or redistributed.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.
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says
Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 

