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China

Poverty reduces quake’s financial impact

By Jamil Anderlini in Beijing

Published: May 20 2008 18:07 | Last updated: May 20 2008 18:07

As the official death toll from the Sichuan earthquake hit 40,075 on Tuesday night night, and hopes of finding more survivors faded, Chinese companies began counting the economic costs.

Despite the huge loss of life, economists expect the overall impact on the economy to be relatively small, in large part because the stricken area is one of the nation’s poorest.

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