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 This material may not be published, broadcast, rewritten or redistributed.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.
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak
Insurers Must Defend Hotels Accused of Sex Trafficking of Minors
Lloyd’s of London Says Former CEO Neal Breached Compliance Rules
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property 

