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Thread: Can the earthquake "shake" China's economy?
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[quote=JIMMYB,291643]"Ah, Jimmy, the reason the insurance companies lost 7% of their share value is that investors feel that they are about to face huge payouts, which has nothing to do with confidence in the overall economy..." Yes, GUEST21198. Actually, they needn't because those insurance companies haven't lost a lot of money. It is estimated that the losses caused by the earthquake might be up to 500 billion yuan. The central government has allocated about 70 billion to the disaster areas. Although huge economic losses have been caused by the quake, the economists estimate that it will have minimum impact on the whole economy.[/quote]
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