日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Opinion / Op-Ed Contributors

High time to reduce costs of floods

By Dan Steinbock (China Daily) Updated: 2016-07-27 07:54

High time to reduce costs of floods

Armed police rescue residents in Xiaxi village, Yutian town in South China's Jiangxi province on July 18, 2016.[Photo/IC]

Weeks of torrential rain have caused a series of devastating floods in many parts of China. With economic losses soaring, the impact will be felt on GDP growth. The estimated loss of more than $44.7 billion makes this year's floods in China one of the costliest non-US weather disaster on record. Only the 1998 floods, which caused a loss of about $40 billion (at 2016 dollar rate), were the same damaging.

Economic growth is very sensitive to adverse impacts on roads, railways and supply disruptions, which can result in shortages. As transport infrastructure is paralyzed or impaired, factories close their doors in industrial provinces, along with offices in post-industrial cities.

Fruit and vegetable prices usually rise in flood-affected areas, where the government now closely monitors prices and implements price controls, if needed. In June, the consumer price index grew 1.9 percent year-on-year. Pork prices played a major role in annualized price increases, adding some 0.7 percentage points to the headline figure. This is not surprising as the seven provinces worst hit by the floods account for more than one-fourth of all hogs in China.

Flooding patterns reflect monsoon seasons. Heavy rains in China occur along the seasonal meiyu ("plum rains") front that extends from East China to the Pacific south of Japan. Associated with the southwest monsoon, these rains typically affect southeastern China from mid-May to mid-June and northern China during July and August.

Severe floods tend to have a substantial impact on agricultural output, which is reflected by the CPI, because of heavy food weightings in the inflation basket. Analysts anticipate flooding to raise consumer prices in July and August by 0.2 percentage points, which would cause price levels to exceed 2 percent.

Rainfalls are particularly heavy in the summer following an El-Ni?o event, as in 1998 and this summer. Seasonally, heavy rainfalls tend to amplify downside risks, which often have a negative impact on economic growth in the third quarter, unless the government chooses to intervene with stimulus measures.

Previous Page 1 2 Next Page

Most Viewed Today's Top News
...
主站蜘蛛池模板: 五月天青青草 | 黄色a一级 | 国产又爽又黄视频 | 在线免费看h | 国产精品久久久久久精 | 免费毛片一级 | 中国黄色录像一级片 | 免费观看黄色一级视频 | 波多野结衣精品在线 | 人人看人人做 | www.天天干 | 国产做受高潮 | 国产又粗又长又大 | www.黄色国产 | 日本www黄 | 色av一区二区 | 欧美日本一区 | 成人性视频在线播放 | 美女啪啪免费视频 | 黄色免费网站视频 | 95看片淫黄大片一级 | 欧美一级片在线免费观看 | 99er视频| 国产精品久久久91 | 久久国产精品久久精品国产 | 国产成人精品久久久 | 91爽片| 久久久久高清 | 日本特黄一级片 | 波多野吉衣一区二区三区 | 欧美精品黑人猛交高潮 | 午夜国产一区 | 黄网在线视频 | 日韩欧美高清视频 | 日韩九九九 | 欧洲天堂网 | 久久不卡一区 | 成人午夜在线观看 | 久久亚洲精品小早川怜子66 | 欧美在线天堂 | 有码一区二区三区 |