The building, which housed a hotel, apartments and cinema, caved in on Friday afternoon in Changsha city, Hunan province.
No casualties have been reported so far and city authorities said five people were rescued from the collapsed structure overnight. There was no immediate cause for the disaster given by authorities, although speculation turned to possible overwork on the property. State Councillor Wang Yong - appointed by the central government - was sent to lead a team to"guide the rescue and emergency response work", an official statement said on Saturday.
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