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 This material may not be published, broadcast, rewritten or redistributed.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.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
KPMG Australia Scandal Widens After it Confirms Optus Data Was Misused 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
