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Thread: China suffers a huge loss of 22.09 billion yuan from snow disaster
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[quote=YVONNE,268076]According to the source from the Ministry of Civil Affairs, heavy snow has killed 24 people and 77,862,000 people in 14 provinces have been affected. About 4219800 hectares crops have been damaged and 107000 houses have collapsed. The total economic loss has reached 22.09 billion yuan. On other hand, some provinces have an urgent demand of coal to generate electricity. The disaster's impact on Chinese economy is not clear yet. But some economists warn that it could make inflation worse and worse because food prices are sure to be pushed up during the Spring Festival. If food prices are too high, they will not have a happy Spring Festival.[/quote]
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