China’s earthquake damaged $6 billion in AgricultureJuly 2nd, 2008 - 11:49 am ICT by Amrit Rashmisrisethi
The 8.0-magnitude quake in the southwest has left 700,000 people unemployed and deprived 1.15 million farmers of their livelihood, Xinhua news agency said, quoting provincial vice-governor Li Chengyun.
May’s devastating earthquake in southwest China have exceeded 1 trillion yuan ($146 billion), a provincial official was quoted.
The amount was much higher than the 67 billion yuan which was last announced by Xi Guohua, a vice minister of industry and information technology, at a news conference in May. China’s 2007 gross domestic product was 24.95 trillion yuan.
The earthquake killed about 70,000 people and made more than 10 million homeless, according to official figures.
It is estimated that the earthquake in China’s Sichuan province damaged around $6 bilion to the local agricultural industry ( according to the U.N. Food and Agriculture Organization.
Thousands of hectares of farmland were destroyed, along with houses, grain stores and agricultural machinery, FAO said.
Some villages have lost up to 70% of their livestock and there are shortages of pesticides and fertilizers which will impact future food production potential, said the FAO.
China’s devastating earthquake has left nearly two million people without a means to make a living, state press said.
The agency, the Food and Agriculture Organization, said more than “30 million people in rural communities have been severely hit, losing most of their assets.”
“Thousands of hectares of farmland were destroyed, millions of farm animals died, houses and grain stores collapsed and thousands of pieces of agricultural machinery were damaged,” the agency said following a fact-finding mission to the province.
It could take three to five years to rebuild Sichuan’s agricultural sector.
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