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Thread: Earthquake hit SiChuan Province, China
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[quote=MARRIE,288067]The U.S. Geological Survey defines an earthquake of magnitude 7 or more as ``major,'' and one above 8 as ``great.'' `Serious Quake' ``Let me take the opportunity to express regret at the news of the very serious earthquake that I understand occurred only a few hours ago in Sichuan province, and I wanted to convey our concern over that situation,'' U.S. Deputy Secretary of State John Negroponte said in a meeting with Chinese Vice President Xi Jinping in Beijing. Hundreds of employees were evacuated from skyscrapers in the Lujiazui district of Shanghai, the city's financial center, where the stock exchange and banks including Citigroup Inc. and HSBC Holdings Plc have offices. No damage was reported. Sichuan has about 40 percent of China's natural gas reserves and produced about 22 percent of the nation's output in 2006, according to China National Petroleum Corp. and BP Plc's annual energy report. The province is also home to China's largest reserve for the endangered giant panda. PetroChina Co., a unit of China National Petroleum, hasn't yet received any reports of damage at its fields in the earthquake zone, spokesman Mao Zefeng said. Wal-Mart Stores Inc. closed outlets in Chengdu after the shaking knocked goods off shelves, Dong Yuguo, a spokesman, said by telephone. Power and water supplies inside the stores were also down, he said. Ford Motor Co. Honda Motor Co. and Nissan Motor Co. said there was no immediate damage to their factories in Sichuan, Chongqing and other areas. The Ministry of Railways said it hadn't received any reports of interruptions to services, Yang Xue, an official, said. To contact the reporters on this story: Aaron Sheldrick in Tokyo at asheldrick@bloomberg.net; Eugene Tang in Beijing at eugenetang@bloomberg.net. [/quote]
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