Earthquake has limited effect on China's economy

06/4/2008 | NYTimes.com

The earthquake that devastated China's Sichuan province in May likely did little to the country's overall economy, economists said. The area hardest hit by the quake is home to relatively few people, and those residents, any of whom are impoverished farmers, account for an even smaller percentage of the country's economic output. "I don't see any huge effect," said Oded Shenkar, a professor at Ohio State University. "You're going to lose some economic activity, but pretty quickly you're going to see new economic activity: construction, redevelopment and so forth."

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