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BBCNEWS Asia July 4, 2024

Expert rajiv biswas, who explained the Economic Impact of these floods. Of these floods. Well if flooding of these floods. Well if flooding so of these floods. Well if flooding so for of these floods. Well if flooding so for any of these floods. Well if i flooding so for any month of these floods. Well if flooding so for any month of july is estimated to cost around 25 billion us dollars, then of course the season for then of course the season for the extreme weather events is not yet over, august and september, historically, have also often had Severe Weather events, such as typhoons and floods, as well as droughts. Last year china was also hit by very severe drought. So what were seeing increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally,
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BBCNEWS Asia Business Report June 4, 2024 01:33:00

Infrastructure investment that is needed. historically china has been very good at investing heavily in infrastructure, but a thing is increasingly severe weather events will probably accelerate the shift towards more investment in infrastructure. but other mechanisms are also needed, such as greater insurance, both your government insurance schemes and private sector insurance schemes, to compensate for losses that are incurred due to severe weather events such as typhoons and droughts. events such as typhoons and droughts- events such as typhoons and drou~hts. ., , ,, droughts. ra iv biswas speaking to me a droughts. rajiv biswas speaking to me a little droughts. rajiv biswas speaking to me a little earlier. droughts. rajiv biswas speaking to me a little earlier. away - to me a little earlier. away from china now, and here in southeast asia, economies have taken a hit from weakening into external demand as well as falling commodity prices. there is one bright spot and that ....

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