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BEIJING - China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces.
Banks were also asked to help ease loan pressures for rural residents in the disaster-affected regions.
A massive mudslide, which took place on August 8 in Zhouqu County of northwest China's Gansu Province, has killed 1,248 people as of 4 pm Sunday, with 496 still missing. Flooding and mudslides in southwest China's Sichuan Province has left at least 13 dead and 59 missing.