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(From Reinsurance)
Typhoon Matsa caused several billion yuan in losses as it ravaged East China's coastal area, initiating its path of destruction from Friday 5th August.
The ninth typhoon to hit China this year weakened into a tropical storm as it crossed the coast after wreaking havoc in Zhejiang Province for 18 hours. It then left for the neighbouring Anhui Province late on Saturday night, according to China's National Meteorological Centre. The centre of the storm later moved further north into Jiangsu Province.
Zhejiang was the hardest hit, with two people killed, two reported missing and damages amounting to 6.56 billion yuan ($809m), according to the provincial Flood Control and Drought Relief Headquarters.
Matsa landed on the province's Ganjiang townshi, packing winds of up to 160kph as it moved northwest ...