Friday, February 1, 2008

China storms cause $7.5B in damages (AP)

In this photo released by the official Chinese news agency, Xinhua, an employee cleans ice off an electricity tower in Guilin, southwest China's Guangxi Zhuang Autonomous Region, on Wednesday January 30, 2008. Due to the unprecedented snowstorm in recent days, Guangxi electricity grid was badly damaged with 18 transformer substations and over 100 electricity wires affected, Xinhua said  (AP Photo/Xinhua, He Fenglun)AP - Three weeks of crippling snow storms across China have inflicted $7.5 billion in damages, the government said Friday, as it announced a $700 million relief fund for farmers.


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