After record rainfall hit Beijing, Tianjin, and parts of surrounding Hebei province last week, the Chinese communist regime deliberately diverged floodwaters to nearby areas in Hebei province to protect the capital of Beijing and new political hub Xiong’an, causing cities, villages, and vast swathes of farmland to be submerged in rapidly rising water.
Among them, Zhuozhou city and nearby areas were hit the hardest. Besides the immeasurable loss of life, property, and livelihood, the diverged floods have also destroyed large scale high-tech industrial parks in the area. The estimated economic loss to the Chinese state-owned tech companies is astronomical, according to a Chinese Communist Party (CCP) internal document obtained by The Epoch Times.
Zhuozhou city has a provincial-level Economic Development Zone, which includes the Jingnan Economic Development Zone, High-tech Industrial Development Zone, and Songlindian Economic Development Zone, according to a report by Chinese state media Global Times on Nov. 16, 2021. Many central governmental organizations and large state-owned enterprises have already set up their branches and sub-companies in Zhuozhou. They have been hit hard by the floods, according to the document.
The internal document, dated Aug. 7, is an incomplete data form of the estimated economic losses of some enterprises in the development zone.
The notes on the data form indicate that because some projects are still submerged in floodwaters, some of which are as deep as 20 feet, and some are not accessible due to roads being destroyed, the relevant losses are only estimates and the specific losses cannot be verified for the time being.
“The time for resumption of work has not been confirmed,” or “awaits the restoration of the water, electricity, and gas supply,” it says.
CCP State Enterprises Suffered Huge Losses
Among the recorded enterprises, China Shipbuilding Industry Corporation (CSIC), a military enterprise that manufactures aircraft carriers, suffered the biggest loss. Six of its sub-companies and projects lost hundreds of millions of yuan worth of equipment and property.
