35 killed in China stampede

Beijing: At least 35 people were killed and 42 injured in east China's Shanghai city during New Year celebrations late Wednesday.

The accident happened on the Chenyi Square of Shanghai's bund area at around 11:35 p.m., Xinhua reported.

A witness said that some coupons that looked like "dollar bill" were being thrown from a building's third-floor window and the people standing along the river bank started to scramble for these coupons.

The city has set up a working team for rescue operations and to deal with the aftermath.

Cause of the accident is under investigation.