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China spared from Hurricane Sandy's destruction

By Wang Zichen (Xinhua)

08:47, October 31, 2012

BEIJING, Oct. 30 (Xinhua) -- Analysts say that Hurricane Sandy, which is currently blazing a path of destruction along the East Coast of the United States, might have temporary but limited impacts on the international market and China.

Although Sandy is raging half a world away from China, it has garnered considerable attention from the Chinese public, as domestic TV networks have broadcast live images and related pictures have gone viral on China's social media sites.

Hurricane Sandy ranked among the hottest topics on Sina Weibo, a popular microblogging service, on Tuesday. Photos of torrential rains and vehicles submerged in water-logged streets reminded people of recent storm events in Beijing.

Sandy has claimed at least 16 lives in the U.S. and darkened wide swaths of the country's Eastern Seaboard, inflicting estimated losses of over 10 billion U.S. dollars on insurers.

Sandy has been downgraded from a hurricane to a post-tropical cyclone, but is still expected to bring strong winds and downpours to the country's East Coast, according to the U.S. National Weather Service.

New York stock markets were closed for a second day Tuesday, as attention turned to whether Wall Street would resume operations on Wednesday, which marks the final trading day for October.

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