China allocates another 500 million yuan for relief in flood storage areas

BEIJING (Reuters) – China’s finance ministry, as well as the water resources ministry, have allocated a further 500 million yuan ($68.68 million) to help disaster-stricken residents in national flood storage areas restore normal production as quickly as possible, the finance ministry said in a statement on Monday.

($1 = 7.2800 Chinese yuan renminbi)

(Reporting by Beijing newsroom; Writing by Liz Lee; Editing by Muralikumar Anantharaman)