Apple Inc. is sending $1 million to help China get back on its feet after the devastation brought about by Super Typhoon Nepartak and the massive flooding along the communities near the Yangtze River.
On Monday, USA Today reported how the nongovernmental organization China Foundation for Poverty Alleviation (CFPA) received a donation from the iPhone maker worth 7 million yuan or about $1 million to help ease the effects of the flooding.
"Our thoughts are with all those devastated by the flooding along the Yangtze River," Apple CEO Tim Cook wrote on his Weibo account.
According to the CFPA's official website, Apple is the first Western company to send help to the Middle Kingdom and is working closely to ensure that the country receives the best help it could from the money they donated.
Previously, Apple had also sent financial aid worth $1.6 million to the second biggest economy in the world following the destructive earthquake that hit Yunnan Province in 2014, and $8 million a year earlier to Sichuan Province, Apple Insider recalled.
As of Monday, the massive flooding, which is the worst China experienced in years, had already taken 173 lives, as reported by Bloomberg.
Twenty-six people are still missing while 73,000 buildings were destroyed by the flood, per USA Today.
The Chinese economy has already started bending down and was brought further on its knees by the devastation brought by the typhoon and massive flooding.
The super typhoon affected over 31 million people in 12 provinces and devastated more than 2.7 million hectares or some 6.7 million acres of agricultural lands, the Ministry of Civil Affairs said. This resulted in a loss of as much as 67.1 billion yuan or about $10 billion.
According to some economists, this would most definitely affect the country's economy, particularly its gross domestic product (GDP) growth.
"We expect some negative impact on third-quarter gross domestic product growth unless the government launches stimulus measures to offset the impact," Australia & New Zealand Banking Group Ltd. economist Raymond Yeung told Bloomberg.