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البلاد
China suffers $30B losses from disasters
The Chinese Ministry of Emergency Management reported that the direct economic losses caused by natural disasters in China reached approximately $29.9 billion during the first nine months of 2026, including hurricanes, floods, heavy rains, and geological disasters. The death and missing persons toll from the disaster in the Nepal-Tibet region in August remained unchanged at 562 people. Estimates indicate that the cost of debt servicing in China is rising at an unprecedented rate, with interest payments consuming an increasing portion of government expenditure.
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