Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

China Economy Adrift as Snow Keeps Falling

Inflation spirals as weather highlights precarious conditions

By Jason Farago,  Newser Staff

Posted Jan 30, 2008 4:18 PM CST

(Newser) – As more snow fell today across China, the unusual inclement weather continued to highlight how vulnerable the country's economy is to disruption. The snow has prevented deliveries of food and fuel—particularly coal—and dozens of factories remain closed. State television announced that the government would mount an "all-out war" on the weather crisis, the AP reports.

Though the storms have brought only a foot of precipitation in total, they have caused an estimated $3 billion in losses in three weeks. Dozens of buildings in Shanghai have collapsed, vehicles remain trapped between big cities, and delivery services are all but suspended. With the cost of fuel spiking, the storms have hampered an effort to combat spiraling inflation.

Chinese couple walks past a snow-covered statue of Karl Marx, left, and Frederick Engels, right, the founders of communism at a snowy park Tuesda, Jan. 29, 2008 in Shanghai, China. Coal shortages are forcing Chinese power plants to shut down amid severe winter weather, and snow is hampering deliveries of...
Chinese couple walks past a snow-covered statue of Karl Marx, left, and Frederick Engels, right, the founders of communism at a snowy park Tuesda, Jan. 29, 2008 in Shanghai, China. Coal shortages are...   (Associated Press)
Passengers try to fit on a bus which will take them to the Guangzhou Railway Station, where train services remain delayed following harsh weather conditions, in Guangzhou, in south China's Guangdong province Wednesday, Jan. 30, 2008. Thousands of passengers have been stranded in Guangzhou after heavy snow in provinces to...
Passengers try to fit on a bus which will take them to the Guangzhou Railway Station, where train services remain delayed following harsh weather conditions, in Guangzhou, in south China's Guangdong province...   (Associated Press)
The remains of an outdoor market are seen after it collapsed following a heavy snowfall in Loudi, in central China's Hunan province, Tuesday Jan. 29, 2008. China struggled Wednesday to cope with its worst winter storms in five decades, with transportation snarled and cities paralyzed, and more bad weather forecast....
The remains of an outdoor market are seen after it collapsed following a heavy snowfall in Loudi, in central China's Hunan province, Tuesday Jan. 29, 2008. China struggled Wednesday to cope with its worst...   (Associated Press)
Chinese migrant workers carry items on a snow-covered road in Nanjing, in eastern China's Jiangsu province, Tuesday Jan. 29, 2008. China struggled Wednesday to cope with its worst winter storms in five decades, with transportation snarled and cities paralyzed, and more bad weather forecast.  Snow and ice storms have struck...
Chinese migrant workers carry items on a snow-covered road in Nanjing, in eastern China's Jiangsu province, Tuesday Jan. 29, 2008. China struggled Wednesday to cope with its worst winter storms in five...   (Associated Press)
Stranded passengers wait to get into the railway station in Wuhan in central China's Hubei province Monday Jan. 28, 2008. A new round of blizzards threatened Chinese provinces Monday as they tried to dig out from snow and ice storms that have stranded hundreds of thousands of people during the...
Stranded passengers wait to get into the railway station in Wuhan in central China's Hubei province Monday Jan. 28, 2008. A new round of blizzards threatened Chinese provinces Monday as they tried to...   (Associated Press)
A Chinese man practices the traditional tai chi at a snowy park Tuesday Jan. 29, 2008 in Shanghai, China. Coal shortages are forcing Chinese power plants to shut down amid severe winter weather, and snow is hampering deliveries of fresh supplies, a state news agency said Tuesday. (AP Photo/Eugene Hoshiko)
A Chinese man practices the traditional tai chi at a snowy park Tuesday Jan. 29, 2008 in Shanghai, China. Coal shortages are forcing Chinese power plants to shut down amid severe winter weather, and snow...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

China Bans Bob Dylan Concerts

You've Come a Long Way, Mr. Gay China

Obama Nudges China on Internet Freedom

US Grads Turn to China

Scientists Breed Mice From Stem Cell Alternative


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment