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Deadly Typhoon Hato Wreaks Physical And Economic Damage In China

Typhoon Hato pummeled Hong Kong, Guangdong and the gambling hub of Macau with heavy downpours and strong winds Wednesday.
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Deadly Typhoon Hato Wreaks Physical And Economic Damage In China

At least 16 people are dead and dozens more injured after a powerful typhoon wreaked havoc on southern China.

Typhoon Hato pummeled Hong Kong, Guangdong and the gambling hub of Macau with heavy downpours and strong winds Wednesday.

According to local media, the storm caused significant damage to the areas in its path, uprooting trees, flooding buildings and leaving debris strewn in the streets.

And many people blamed the government for being underprepared for the severe typhoon and failing to warn residents sooner.

The physical damage from the storm will undoubtedly lead to economic damage.

Many of Macau's casinos were forced to operate on backup generators after the storm. Analysts say that will definitely hurt casino stocks and revenue.

And the typhoon brought Hong Kong's buzzing business hub to a grinding halt. Experts told local media business closures, canceled flights and other storm-related disruptions could cost the city millions of dollars.