Super Typhoon Rammasun landfall at Hainan; $10 Billion impacts on China possible

Super Typhoon Rammasun is making landfall on the Leizhou Peninsula this morning US time, south of Zhanjiang, China, as a powerful 125 knot storm.  Northern Hainan island and the city of Haikou could experience severe damage.  Economic impacts, based on the JTWC forecast track and intensity, are on the order of $10 Billion USD.
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