World

Gansu Faces $75 Million in Direct Economic Loss After China Earthquake

The magnitude-6.2 earthquake that just struck Gansu, China, caused direct economic losses of 532 million yuan ($74.6 million), according to news agency Bloomberg, which cited the national broadcaster. It was the deadliest earthquake to strike the nation in ten years.

According to the study, the province of Gansu is estimated to have lost 345 million yuan on animal husbandry and 102 million yuan on crop production by Chinese officials.

Also Read: This Is What Christmas Gifting Means In UK Royal Family; Its Is Definitely Unexpected  

The epicentre of the earthquake was located between the provinces of Qinghai and Gansu. Ten kilometers was its focus depth. Both regions suffered significant damage as a result of the earthquake. In certain places, it also caused landslides that devastated rural and highway roads. In Gansu, thousands of homes—many built of mud and clay—were devastated. Over a hundred individuals died as a result.

As of Friday, the official Xinhua News Agency released numbers indicating that 781 people had been injured and 148 people had apparently perished as a result of the accident. In the two provinces, more than 139,000 people have been placed in emergency shelters.

Also Read: Palestinian Authority And Hamas Disagree On UN Gaza Resolution

About Gansu Province in China

One of the poorest provinces in China is Gansu, which is situated in the northwest of the nation. As of 2022, its GDP placed it 27th out of 31 Chinese provinces and municipalities.

It is located at a high altitude where wintertime lows can reach below zero. It is well known that earthquakes are more common in Gansu’s eastern region. In July 2013, the area experienced an earthquake of magnitude 6.6. This was almost ten years ago. At that point, 95 people have perished in the tragedy.

Naiteek Bhatt

Recent Posts

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

10 hours ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

10 hours ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

10 hours ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

10 hours ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

13 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

14 hours ago