Northwest China Earthquake Triggers Losses and Losses

A 6.2 magnitude earthquake in northwest China's Gansu province resulted in at least 116 deaths, causing extensive damage and disruption to power and water supplies. Rescue efforts are underway, with Chinese President Xi Jinping dispatching a working group and military forces to aid in the rescue operations. The earthquake is estimated to have caused $1 billion to $10 billion in economic losses, with significant damage to infrastructure and a significant number of aftershocks recorded.