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NANNING, May 15 (Xinhua) -- Three people were killed and one was missing amid heavy rains that pounded a scenic city of Guangxi Zhuang Autonomous Region for the past two days, Guangxi's flood-control and drought relief headquarters said Saturday.Continuous rainstorms triggered mud-rock flows Thursday night in Ziyuan County of Guilin City, killing three people there, the headquarters said.On Friday morning, a fisherman was swept away by rain-triggered floods in Gongcheng County of Guilin.Rainstorms had incurred property losses to about 19,000 people in Guilin as more than 30 houses collapsed, 1,100 hectares of farmland were inundated and many public facilities were damaged.The economic damage was estimated at 13.2 million yuan (1.9 million U.S. dollars).In southern province of Guangdong, three rainstorms pelted Guangzhou, the provincial capital, over the past week, with rainfall up to 440 mm, a record high in 25 years.The precipitation equalled to a quarter of the city's annual rainfall, according to meteorological statistics, said Lin Liangxun, Guangdong's chief weather forecaster.Guangdong has reported one missing. More than 35,000 people have been affected by the three rounds of heavy rains.Latest weather forecast said the rain is expected to weaken over the weekend.In the central province of Hunan, more than 8,000 people were stranded Saturday after heavy rains inundated the key roads of a town. Rescuers were transporting food and daily necessities to the region through a small chain bridge.The rain triggered mountain torrents in Xupu County on Wednesday and Thursday, causing damage to its four major bridges and the trunk roads linking Shanxi Town to the outside. Rescuers had to carry first-aid materials on their shoulders to the stranded population.Water level in the worst-hit Shanxi Town reached 2.7 meters in the street, said Zhang Shanwen, Party chief of Shanxi Town.Weather forecast said a new round of rains will hit the region on Sunday and Monday.

BEIJING, May 2 (Xinhua) -- The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year amid growing concerns of asset bubbles and economic overheating.The bank said in a statement on its website that it would raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC.However, the RRR for other small financial institutions would rise to 14 percent, and that for large financial institutions to 17 percent.This is the third rise in the deposit ratio this year. On Jan. 12 and Feb. 17, the central bank raised the deposit ratio by half a percentage point each time.The move indicated the government was taking further steps to tighten monetary policy in response to concerns of overheating and asset bubbles, said Liu Yihui, an expert with the Financial Research Center of the Chinese Academy of Social Sciences (CASS).The PBOC has cut the bank reserve requirement ratio four times during the second half of 2008 to stimulate growth, as the global financial crisis started to weigh on the economy.The country posted a better-than-expected 11.9 percent year-on-year economic growth in the first quarter, but the government was cautious and had repeatedly warned that the economic conditions this year were "very complicated."China's consumer price index (CPI), the main gauge of inflation, saw a rise of 2.4 percent year on year in March, nearing the ceiling of 3 percent inflation this year that the government has set at the annual parliamentary session that month."There is an obvious tendency of overheating," Liu said.

GOTHENBURG, March 28 (Xinhua) -- Chinese Vice President Xi Jinping on Sunday visited an industry hub in southwest Sweden and met with Vastra Gotaland County Governor Lars Backstrom.In his meeting with Lars Backstrom and Swedish Deputy Prime Minister Maud Olofsson, Xi said that this year marks the 60th anniversary of the establishment of diplomatic relations between China and Sweden and that his on-going visit to Sweden is aimed at further promoting friendly cooperation between the two countries through celebrating the anniversary. Chinese Vice President Xi Jinping (L, front) meets with Governor Lars Backstrom (R, front) of Vastra Gotaland County in Goteborg, Sweden, March 28, 2010Both the city of Gothenburg and Vastra Gotaland County with an important place in Sino-Swedish friendly exchanges and cooperation have played an irreplaceable role in the development of ties between the two countries, Xi said.

HONG KONG, April 23 (Xinhua) -- The Hong Kong Special Administrative Region held Friday a grand funeral ceremony to say goodbye to well-known businessman Tsui Tsin-tong, who was also a noted social activist, philanthropist and a close friend to the Communist Party of China.Tsui was also a member of the Standing Committee of the Chinese People's Political Consultative Conference (CPPCC) National Committee before he died of an illness on April 2 this year in the Chinese capital of Beijing at the age of 69.Jia Qinglin, chairman of the National Committee of the CPPCC, the country's top advisory body, and Chinese Vice President Xi Jinping had both sent messages of condolences to Tsui's family after Tsui's death.In their messages of condolences, Jia and Xi praised Tsui for his great contributions to Hong Kong's stable transition, smooth handover from Britain to China and Hong Kong's lasting prosperity, as well as Tsui's contributions to Chinese mainland's reform-and- opening-up drive and modernization.Tsui's funeral ceremony was held at Hong Kong's landmark Convention and Exhibition Center in the day. Tsui's cinerary casket was covered with a Chinese national flag.Tung Chee-hwa, vice chairman of the National Committee of the CPPCC, Chief Executive of the HKSAR Donald Tsang and Peng Qinghua, director of the Liaison Office of the Central People's Government in the HKSAR attended the funeral ceremony.Peng recalled in his memorial speech Tsui's life, his contributions to Chinese mainland's reform-and-opening-up drive and modernization as well as China's peaceful re-unification.Hundreds of representatives from the Liaison Office of the Central People's Government in the HKSAR, the HKSAR government, Hong Kong's Legislative Council and other government agencies, as well as Tsui's friends, also attended Tsui's funeral ceremony.

BEIJING, April 11 (Xinhua) -- China here Sunday expressed concern over the situation in Thailand after Saturday's bloody clashes between the anti-government "red-shirts" and the security personnel."We show deep concern over the situation in Thailand," Chinese Foreign Ministry spokesperson Jiang Yu made the remarks in response to journalist's question.As a friendly neighbor, Jiang said, China sincerely hopes the social order in Thailand can be restored at an early date.China also hoped Thailand could realize political stability and economic development and its people could enjoy a peaceful and happy life. "Red-shirts" protesters check a damaged Thailand Army vehicle near the Democracy Monument in Bangkok, capital of Thailand, April 11, 2010. Some 20 people lost their lives during the Saturday clashes between the anti-government "red-shirts" and security personnel in Bangkok, the Erawan (or Bangkok Emergency Medical Service Center) told Xinhua Sunday afternoon. The death toll was recorded by 12:00 p.m., as at the same time some 834 people were injured, the Erawan center said.Some 20 people lost their lives during the Saturday clashes between the anti-government "red- shirts" and security personnel in capital Bangkok, the Erawan (or Bangkok Emergency Medical Service Center) told Xinhua Sunday afternoon.The death toll of 20 was recorded by 12:00 p.m., and at the same time some 834 people were injured, the Erawan center said.