Archive for the ‘damages’ Category

China storms cause $7.5B in damages

February 1, 2008
By CHRISTOPHER BODEEN, Associated Press Writer 

BEIJING – Three weeks of crippling snow storms across China have inflicted $7.5 billion in damages, the government said Friday, as it announced a $700 million relief fund for farmers.

The freakish weather — the country’s worst in five decades — has paralyzed China’s densely populated central and eastern regions just as tens of millions of travelers were seeking to board trains and buses to return home for this month’s Lunar New Year.

The storms have killed at least 60 people, closed roads, disabled the rail system, destroyed crops and exacerbated a coal shortage, forcing power plants to shut down and factories to cut production.

At a news conference….

Read the rest:
http://news.yahoo.com/s/ap/china_snow;_ylt=AoRX
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