China Development Bank (CDB) made available a loan of 30 million yuan (3.9 million U.S. dollars) to earthquake-hit Pu'er city in southwest China's Yunnan Province here Tuesday.

At least 329 people were hospitalized after an earthquake measuring 6.4 on the Richter scale hit Pu'er on Sunday

The emergency loan arrived in the city Tuesday morning, the CDB said.

The quake had displaced at least 180,000 people in Pu'er city by Monday night. In Ning'er county alone, nearly 65,000 people had been evacuated from their damaged homes to live in tents or public places.

At least 2,000 army troops and armed police have joined the rescue work in the county.

CDB, a policy bank under the direct jurisdiction of the State Council, so far has provided 118 emergency loans totaling 2.44 billion yuan for disaster-hit areas. (one U.S. dollars equals 7.65 yuan)

Source: Xinhua