China’s government says companies suffered 67 billion yuan (US$9.5 billion; €7 billion) in direct losses from last week’s earthquake.
The announcement by a deputy industry minister, Xi Guohua, came during a news conference Monday.
The May 12 quake in central China’s Sichuan province killed an estimated 50,000 people.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
Elon Musk Alone Can’t Explain Tesla’s Owner Exodus 
Uber Jury Awards $8.5 Million Damages in Sexual Assault Case 
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.