NU Online News Service, Oct. 21, 12:56 p.m. EDT

Modeler EQECAT said Typhoon Megi is expected to cause $500 million to $1 billion in economic damages in China after having causing extensive damage and 27 deaths earlier in the week in the Philippines.

Megi could impact several major cities that produce Chinese products, such as garments, plastic, ceramics, stainless steel, and toys, said EQECAT.

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