52 billion economic losses in July

The Chinese Ministry of Transport said today, Wednesday, that the heavy rains that struck large areas in the country caused damage to the roads, which were estimated at more than 16 billion yuan (2.24 billion dollars), which reflects the great pressures imposed by climate changes on the faltering economy.

The ministry’s spokesman, Lee Ying, explained that these losses included 23 provinces, region and municipalities, that is, more than two -thirds of China, since the beginning of the torrential season, which was officially launched on the first of July.
The Ministries of Transport and Financial allocated 540 million yuan to support the repair of the damaged roads.
– The Ministry of Emergency Management has announced the allocation of an additional 5.8 billion yuan disaster relief since April. Official data indicated that natural disasters of torrents, landslides, earthquakes, and drought that China has increased direct economic losses amounting to 52.2 billion yuan in July alone, exacerbating the challenges to the Chinese economy, which suffers from a slowdown in growth.