Factories in the boomtowns of the east coast have fuelled China's double-digit economic growth and won the country a reputation for being the world's factory's floor.

But the earthquake in the southwestern Sichuan region is believed to have killed more than 50,000 people and damaged more than 15 million buildings.

The government of one city alone, Deyang, has estimated the economic cost locally will be 200 billion yuan (28.5 billion dollars).

Nonetheless, analysts doubt that the tragedy will dent China's rising economic might.

"It happened in a region of mountains and forests, which is less developed and has a poor population," said Hu Yifan, an analyst at the Natixis banking group.

"It has a limited impact on the macro level," she said.

With 87 million people in its area of 485,000 square kilometres (187,000 square miles), Sichuan has a larger population than Germany.

But it contributes only 4.2 percent to China's gross domestic product and serves as the base for a mere 0.6 percent of China's exports, according to research by Lehman Brothers.

Sichuan "is a major province in terms of population and agriculture, but its part in industrial production and manufacturing is relatively small," said Sun Mingchun, an economist at the firm.

Monday's quake, however, left analysts shuddering at the potential impact if it had hit the Pearl River Delta, the southern hub of manufacturing that includes Guangzhou and Shenzhen.

"There would be no comparison if the same disaster had struck the Pearl River Delta, which accounts for 30 percent or exports and 10 percent of GDP," said Jean-Francois Huchet, director of the Hong Kong-based French Centre for Research on Contemporary China.

Sichuan has nonetheless seen rapid economic growth in recent years as the government tries to spread the recent wealth.

Sichuan's GDP grew at 14.5 percent on an annual basis in the first quarter of 2008, outpacing the 10.6 percent for the country as a whole, according to official data.

But the development has been mostly limited to isolated urban pockets including Sichuan's capital Chengdu and Chongqing, an autonomous area bordering Sichuan. Both escaped lightly from the earthquake.

"You can see from this how wealth has been distributed and how limited it has been in the west. Growth has essentially been concentrated in the coastal provinces of the east," said Valerie Niquet, researcher at the French Institute for International Relations.

She noted that the earthquake would certainly have a serious impact on daily life for Sichuan residents.

The agriculture ministry said Saturday that the earthquake had severely damaged the farm infrastructure of Sichuan and that it would be difficult to immediately resume full agricultural production.

However, the ministry promised that stepped-up production in other provinces would prevent food shortages of further rises in food prices nationwide.

Sichuan also suffered major destruction to infrastructure -- including, tragically, the destruction of close to 7,000 schools as children were in class.

"The state had withdrawn and left it up to local governments, which didn't have the means they needed," Niquet said of the infrastructure.

The central bank has pledged 5.5 billion yuan (785 million dollars) for reconstruction in Sichuan and adjacent Gansu province.

"We could say cynically that we're entering into a reconstruction -- a 'post-war' -- period that could even trigger a revival," Huchet said.

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