Recent flood damage to China’s roads estimated at over 16 billion yuan, CCTV reports
BEIJING (Reuters) -Damage to China’s roads caused by recent flooding across 23 provinces, regions and municipalities was estimated at more than 16 billion yuan ($2.24 billion), state broadcaster CCTV reported on Wednesday. So far, some 540 million yuan in emergency road repair subsidies have been allocated to local authorities by the transport and finance ministries,…