China’s deadly floods leave 40 million people displaced

The 1,000-kilometer river is a major waterway in China, is facing grim flooding risks over the next three days for parts of Shanxi, Henan, Shandong, Anhui, and Jiangsu provinces. Massive flooding upstream on the Yangtze River has also caused concern that the Three Gorges Dam, the largest hydroelectric power station in the world, is being pushed to the limit under the strain of massive flows of water. Many regions along the Yangtze River have flooded in the past week due to torrential rains this monsoon season. At the moment, at least 400 Yangtze tributary rivers have overflowed, with at least a hundred dead and 15 million people evacuated from their homes in July alone. Rainfall totals in China are about 12% higher than the last monsoon season. The economic damage is already in the billions of dollars, according to government estimates the previous week.   We noted last week rising floodwaters on the Yangtze River had caused fears the Three Gorges Dam has failed to prevent flooding downstream.  –Zero Hedge