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Thu July 26, 2012
Beijing Flooding Compared To Katrina
Originally published on Thu July 26, 2012 10:35 am
In China, authorities are still counting the cost of heavy weekend floods in Beijing. City officials say three-dozen people died in the flooding, and more than 60,000 houses were damaged. Losses are estimated at nearly $2 billion. But the intangible damage is to the government's credibility.