Floods in Southern China Have Caused Losses of USD8.8 Billion

LIAO SHUMIN

(Yicai Global) July 10 — As China deals with weeks of heavy rainfall, flooding in southern parts of the country has affected 30.2 million people and caused a direct economic loss of CNY61.8 billion (USD8.8 billion) as of yesterday afternoon, according to official data.

Editor: Emmi Laine