Almost 90,000 people were counted as dead or missing and presumed dead in the final Chinese government assessment, with nearly 375,000 injured by falling debris and building collapses. Community and Economic Empowerment for Women in Sichuan Province. But I would like to know your thoughts, particularly on steel. The 2008 Sichuan earthquake had a deadly effect on the entire Sichuan region. The disaster could prove a setback to Chinas bid to build up a local version of Silicon Valley in the city of Chengdu, which is 60 miles from the epicenter of the quake, as well as to the foreign companies that have set up shop there. The largest earthquake to hit China in more than 30 years is likely to wreak great economic damage on Sichuan province and the nearby megacity of Chongqing, but not on China as a … The purpose of this research note is to give an overview of the Chinese Government's political response to the May 2008 deadly earthquake in Sichuan province. If your firm is a steel manufacturer, medical equipment group, pharmaceutical I urge you to follow the situation closely and work with governments and NGOs in the area to assess and address the needs. Fourth, as we saw from the fact that many Sichuan stocks were halted and the exchange itself fell, there could be some mid term impact on the exchange and the stocks traded on it (insurance stocks) that occurs. First, the hardest hit areas have historically developed slower from an economical perspective as they lacked the natural export markets that the cities on the east coast have. Economical Impact. The province is also plentiful in natural gas, responsible for 27.8% of annual national production and as much as 40% of the nations gas reserves, found particularly in areas near Chongqing. The epicentre was in Wenchuan county, approximately 50 miles from Chengdu, in the Sichuan Province. The death toll from the 7.9-magnitude earthquake was approaching 10,000 Tuesday afternoon, making it the deadliest natural disaster in China since 1976, when at least 240,000 people perished in a 7.8-magnitude earthquake near the northern city of Tangshan. Sichuan earthquake of 2008, massive and enormously devastating earthquake that occurred in the central region of Sichuan, China. This is quite different from the snowstorm, which affected both Pearl and Yangtze River deltas," it said. Sichuan, a southwestern province of 80 million, contributes 3.9% to Chinas GDP and 2.5% of its manufacturing output; Chongqing, adds 1.6% in national GDP and 1% of national manufacturing output, according to estimates from economists at Merrill Lynch. By Keith Bradsher. The devastation from the Sichuan earthquake was immense; the recovery, impressive. In addition, five power plants in western Sichuan were disconnected from the power grid. The epicenter of the earthquake was in Sichuan Province. In 2007, the city raked in 31 billion yuan ($440 million) in revenues from software, up 50.35% year on year, of which $160 million was for exports. This means domestic energy resources are likely to come under strain. In the 2008 earthquake, there were speculations that that the quake could have originated from the large dam next to the epicenter. The epicentre of the earthquake was close to the city of Dujiangyan, 50 miles north-west of the province capital of ChengduThe earthquake was a magnitude 7.9 earthquake.. Deutsche Bank warned that listed companies with heavy exposure to Sichuan and Chongqing include Neo China Property, Qingling Motors and Xinhua Winshare. I just wanted to point out that I have done some quick research on the impacts of the quake on energy infrastructure, and have written about it on http://greenleapforward.com/2008/05/20/the-energy-implications-of-the-sichuan-earthquake/. However, casualties and economic damage will be minimized by the remoteness of the region to Chinas prosperous and densely populated eastern coast. The earthquake had a scale of 7.9, meaning it caused a very large amount of damage to the man-made environment. If I hear of anything that I think is urgent from the business side, I will be sure to pass it along, but I am confident that the economic impact will be less than the recent snow storms. 2008 Sichuan earthquake (China) Home; About; Impacts; Impacts; Impacts & Strategies ; Videos; Bibliography; Negative impact on economy From an economic perspective, the impact of the earthquake on the economy in general is a great loss. Sichuan Earthquake in 2008 Abstract Social capital can help reduce adverse shocks by facilitating access to transfers and remittances. Bring on the SMOG! Second, great expense and resources will go into the rescue efforts, clean up, and rebuilding, and this and that means that resources will be diverted. 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