Besides the human cost, natural disasters are causing ever more damage to China’s economy.
Excavators operating to repair collapsed roads in flood-hit areas in Fangshan District, Beijing, August 4, 2023. Credit: VCG via Getty Images
Climate change is taking an increasing toll in China. Natural disasters caused some $49 billion worth of economic losses during 2023, according to the country’s emergency management ministry, up by 44 percent from 2022. An earthquake in Gansu province in December, which caused 151 deaths and a further 23,000 displaced from their homes, rounded out a dismal year.
The frequency of weather-related events has been rising, although improvements in China’s emergency preparedness has at least he
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
