— This is the script of CNBC's news report for China's CCTV on November 12, 2018, Monday.
The wildfires now raging in California are expected to inflict further damage to the local economy. The main damage will be rescue spending and damage to local homes. Two California wildfires, for example, last October and December cost the economy $13.2 billion
The potential economic impact of the fires spreading in California is yet to be determined, what is certain, though, is that the impact of the fire is so large that it is expected to cause California's biggest economic loss ever and it would be the deadliest wildfire since 1991. The latest figures show that the campo fire has caused damage to 6,713 houses, more than any other in history.Many California prime locations are not immune.
A number of Hollywood studios and celebrity homes have also been affected. According to the report, the luxury resort of Malibu was also affected by the fire, the property of famous singer Lady Gaga and other people was under evacuation scope, and the house of celebrity Kardashian was also hit by the fire. At the same time, the filming set of WESTWORLD has also been affected to some extent. The local fire department says drier than normal weather in California this year, combined with rising temperatures caused by global warming, has increased the risk of wildfires. But President Trump criticized the California government over the weekend, saying the fire was so large and so deadly that the damage was so severe, there was no reason other than poor forest management
At the same time, Trump is threatening that so many people died in the wildfire, even though the federal government allocates huge sums of money every year," either to fix it or get rid of federal funding. Such a statement has been criticized and contradicted by the outside, for example, the head of California's professional fire department said the President's comments were an anachronism that hurt those suffering and firefighters on the front lines
Indeed, California's wildfires are having more impact than that in previous years, the number of homes at risk of wildfires in the west coast state of California now stands at 7 million, more than 10 times the number in 1940 and is expected to continue to rise. As the suburbs of California continue to develop in recent years, residential houses are closer to the mountains and forests, which not only make the fires more likely to affect residents, but also cause more fire hazards with the power cable for new houses. We will keep an eye on this issue.