China's insurance industry paid out 5.53 billion yuan (approximately 770 million U.S. dollars) in claims related to natural disasters during the first half of this year, playing its dual role as an economic shock absorber and social stabilizer amid a spate of extreme weather events.
China has entered the critical July-August flood season, a period traditionally marked by heavy rainfall and heightened disaster risks. Industry authorities have emphasized the establishment of comprehensive response mechanisms covering the entire disaster cycle, encompassing pre-, mid-, and post-event phases.
Since May, torrential rains, typhoons and other severe weather conditions have triggered urban flooding, reservoir breaches and landslides across multiple provinces, including the Guangxi Zhuang Autonomous Region, Hubei and Gansu, resulting in casualties and significant economic losses. In response, insurance companies have activated emergency protocols and rolled out a series of service measures.
"The insurance industry has received a total of 533,000 claims across 20 provinces affected by rainstorms, floods, typhoons and earthquakes. The estimated loss stands at 11.05 billion yuan, with 5.53 billion yuan already compensated," said Fang Yong, deputy secretary-general of the Insurance Association of China.
To expedite claims processing, the insurance industry has adopted a streamlined approach, waiving on-site inspections, meteorological certificates and road rescue fees.
China's insurance sector pays out 5.53 bln yuan in disaster claims in H1
A number of university students in the U.S. capital have shared their views on China's initiative to invite 100,000 young Americans to visit the country for exchanges and study over the next five years.
The program was announced by Chinese President Xi Jinping when addressing a welcome ceremony at the White House during his visit to the United States from Wednesday to Friday.
Many of the students interviewed expressed their hope to visit some well-known places in China like Beijing, Shanghai and Guangdong.
"My dad's been to China for work, and he really loves it, so I'd love to go sometime. Maybe Shanghai. That's where my dad went, and he really liked it there," said a student.
"I've heard of Guangdong. I've heard of the basketball team," another student said.
Many of the students agreed that allowing more young Americans to experience Chinese culture in person would be beneficial for both countries.
"I think that's really cool to have the opportunity to connect with those cultures. And I really do like that idea. I think it's a great idea to invite us to China. It's great," said a student.
"I feel like the culture. I feel like getting the opportunity to immerse yourself in different cultures is really important," said another student.
"There's definitely value in traveling to other places and learning other cultures. So I think that it can be beneficial," said another one.
Even beyond cultural exchange, the students expressed their beliefs that American youth could learn a lot from Chinese society.
"I think, for me personally, it's the scale, with how many people live in China. I would definitely be interested in seeing how that functions, especially in those larger cities," said a student.
"I think I would like to know what their people are like. What are their thoughts on the world? On what the world should be like?" one student said.
"I think China's amazing. They're so far ahead. We're supposed to be the Western world, but I feel like they're so much more advanced than us in so many ways. I know AI and medicine are big things right now, and I think China has made huge advancements in that. So probably that," said a student.
The students also hope that the program will help strengthen China-U.S. relationship, promote educational exchanges, and broaden the horizons of those who take part.
"It's better for both countries to be connected and to build a better relationship over the coming years. And I think that's important to global peace and prosperity," said a student.
"I think it's really a great thing. I think different cultures, combining different cultures, and education is such a global thing, and having different students come all over the place and take classes here and there," said another student.
"There's a lot more to this world than what's right in front of us. And there's a lot to learn from different ways of seeing things around the world. So I think it could be valuable from that standpoint," a student said.
US students share views on China's plan to invite 100,000 young people for study, exchange
