China’s Losses From Floods, Disasters in First Half: $7.6 Billion

Why did Nvidia resume AI chip sales to China? How are Trump's tariffs impacting US inflation? What caused JPMorgan’s profit to fall despite beat? Why are crypto bills stalling in the House? How will Apple’s rare-earth deal affect supply chains? What’s behind Tesla’s North American sales leadership exit? How did BlackRock’s big client redemption affect shares?

China’s Losses From Floods, Disasters in First Half: $7.6 Billion

asiafinancial.com/chinas-losses-from-floods-disasters-in-first-half-7-6-billion

Extreme weather – mainly flooding – caused China to suffer economic losses of at least 51 billion yuan ($7.12 billion) in the first half of this year, an emergency response official said on Tuesday.
The total direct economic cost of floods and natural disasters in the first six months…

This story appeared on asiafinancial.com, 2025-07-15 13:22:28.