Economic losses amount to more than one billion dollars. The Headquarters says Hunan and Hubei provinces are the worst hit. A rescue team is heading to Hunan and Jiang-xi province to direct flood relief efforts. The All China Federation of Trade Unions has paid out to help affected areas.
An official probe said the drought had made the ground drier than usual, allowing the heavy rains to sweep away sand and rocks, resulting in the landslide that roared down a mountain slope above Guanshan village.
The heavy rain, coupled with recent droughts and inflation for the yuan, have brought speculation that food prices may soon double over the coming months. However, with the increase of American food production, Bloomberg analysts say that widespread starvation is far from a major issue.
(아주경제 앤드류 이 기자)
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