China natural disaster losses hit $29.6 bln in first nine months of 2026

Official data shows natural disasters caused $29.6 billion in direct economic losses in China during January–September 2026, affecting 56.46 million people. The scale of losses and affected population indicates a severe disaster season, though specific event breakdowns and comparisons to prior years are not provided. This underscores elevated climate-related economic risk in China, with implications for regional supply chains and fiscal spending.

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