SriLanka, Aug. 29 -- Certainly. I've rewritten it in a cleaner, professional news style and removed the spacing, punctuation, grammar, and wording errors while preserving the original facts and meaning.

Writing

The threat of a lake formed after a glacier collapse bursting near the China-Nepal border, where a devastating flood occurred earlier this week, has decreased, Chinese authorities said on Saturday, as the lake appears to have shrunk.

Satellite images taken from Thursday to Saturday morning suggest that water in the lake, which straddles the China-Nepal border at the confluence of two rivers, has been slowly flowing through, gradually reducing the reservoir, state broadcaster CCTV reported, citing the Ministry of Water Resources....