The Chinese government estimates that the economic costs of the floods, which have so far affected 27 of China’s provincial-level jurisdictions, is likely to hit 144.43 billion yuan (US$20.6 billion). Photo: AP
The Chinese government estimates that the economic costs of the floods, which have so far affected 27 of China’s provincial-level jurisdictions, is likely to hit 144.43 billion yuan (US$20.6 billion). Photo: AP
Economy /  China Economy

China’s economic recovery under threat from fresh coronavirus outbreaks and floods, analysts say

  • China avoided a recession after its economy grew by 3.2 per cent in the second quarter of 2020, although retail sales remain fragile
  • Floods have so far affected 27 of China’s provincial-level jurisdictions, while fresh outbreaks have been detected in the likes of Xinjiang and Liaoning

Amanda Lee
Amanda Lee in Beijing

Updated: 7:00pm, 2 Aug, 2020

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The Chinese government estimates that the economic costs of the floods, which have so far affected 27 of China’s provincial-level jurisdictions, is likely to hit 144.43 billion yuan (US$20.6 billion). Photo: AP
The Chinese government estimates that the economic costs of the floods, which have so far affected 27 of China’s provincial-level jurisdictions, is likely to hit 144.43 billion yuan (US$20.6 billion). Photo: AP
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