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China

107 dead, $15.4 billion lost due to snow in China

The blizzards that struck southern China in the past month have killed at least 107 people and left eight missing, as of February 12/2007, reported a senior Chinese official recently. The disaster has also caused direct economic losses of about 111 billion yuan ($15.4 billion), Civil Affairs Minister Li Xueju said: 21 provincial-level areas had been affected, with Hunan, Guizhou, Jiangxi, Anhui, Hubei, Zhejiang and Sichuan provinces and the Guangxi Zhuang autonomous region the worst hit […]

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China Economics

Millions stranded by the snow in holiday havoc

Heavy white storms staged a comeback late yesterday as China’s transport network remained crippled by the heaviest snowfall in five decades. Millions of people trying to head home for the Spring Festival are stranded. The big freeze has killed dozens of people, impacted on the lives of at least 80 million others and caused economic losses estimated at more than 53.8 billion yuan (US$7.5 billion)…