Accurately accounting for China's typhoon losses.

The article focuses on the growing compound risks faced by China’s low-elevation coastal cities from sea level rise, storm surge, and extreme rainfall, emphasizing the need for improved loss accounting and preparedness to reduce economic vulnerability. It highlights that annual losses from natural hazards, particularly typhoons, average about US$76 billion, with indirect economic impacts such as supply chain disruptions, power outages, and health effects often overlooked. The article recommends that China quantify both direct and indirect losses, including health-adjusted impacts, and adopt adaptive protection strategies, climate stress tests, and rapid-financing tools like parametric insurance triggers to enhance disaster resilience. These measures aim to support more effective recovery and reduce systemic economic setbacks caused by hydrometeorological hazards. [Extracted from the article]