China allocates relief funds to provinces along Yangtze

BEIJING - China's Ministry of Finance said Thursday that it has allocated 100 million yuan ($16.13 million) in relief funds to provinces along the Yangtze River for possible bank collapses.

The provinces include Anhui, Jiangsu, Jiangxi, Hubei and Hunan.

According to a statement from the ministry, since the beginning of this year, the ministry has allocated a total of 2.64 billion yuan for flood relief work.

About 100 armed police are currently repairing partial collapses on two sections of the bank of the Yangtze River that have endangered some 73,000 people.

The collapses affected a 300-meter-long stretch and 1,400-meter-long section of the river in Pengze county, East China's Jiangxi province, in early May, threatening the lives of residents living nearby.