Counting the financial cost of deadly flooding in China’s central city of Zhengzhou

South China Morning Post published this video item, entitled “Counting the financial cost of deadly flooding in China’s central city of Zhengzhou” – below is their description.

Business owners in China’s central province of Henan are still tallying up their losses following record rainfalls that triggered massive flooding in the provincial capital Zhengzhou. The floods on July 20, 2021, killed at least 99 people, and submerged many underground spaces across the city including some busy commercial blocks. Authorities estimate the direct economic losses from the floods will add up to about 71.5 billion yuan (US$11.05 billion).

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The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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