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HANGZHOU, June 18 (Xinhua) -- Three people are dead and two others still buried Friday after a rain-triggered landslide in east China's Zhejiang Province.The landslide hit Taolin Village of Chun'an County at 5:00 a.m. Friday as villagers were being evacuated from their homes. The area had been pounded by rain since Thursday afternoon, said Tong Xiaowei, deputy county head.Debris swamped two residential houses, burying six residents and two others assisting with the evacuation, Tong said.Three of the eight people were injured and were receiving treatment at hospital, Tong said.About 300 fire fighters, policemen, medical personnel and villagers had joined in the rescue work, he said.Provincial meteorological authorities forecast Thursday that heavy rain would persist for another week. Chun'an County was among the worst hit by the rain.Also Friday, rescuers from south China's Guangxi Zhuang Autonomous Region recovered the bodies of three people from rubble after a rainstorm damaged two homes in Dongma Village of Rongshui Miao Autonomous County around 3 a.m., according to the county's flood control and drought relief headquarters.In the far west Xinjiang Uygur Autonomous Region, an exploration worker was suffocated to death Thursday after he was buried by a rain-triggered landslide on a hill in Qira County, said a spokesman with the county government Friday.At around 2:40 p.m. Thursday the landslide of mud-and-stone hit a tent where five exploration workers with the Xinjiang Xindi Engineering & Construction Co., Ltd. were taking a rest, said the spokesman.Four workers managed to escape while one was found dead after being dug out half an hour later, he said.The civil affairs bureau in northern Hebei Province said Friday a thunderstorm with sporadic hail hit Zhangjiakou City from Wednesday to Thursday, leaving two dead and three missing.The storm hit six counties in Zhangjiakou, with 56,200 residents suffering losses and hundreds of houses collapsing. The rainstorm damaged roads and bridges, and about 7,000 hectares of farmland have been submerged.The Ministry of Civil Affairs said, by 4 p.m. Friday, the heavy rains that began pounding south China Sunday had left 69 dead, 44 missing and forced the evacuation of 493,000 people in Fujian, Jiangxi, Hunan, Guangdong, Sichuan and Guizhou provinces as well as Guangxi Zhuang Autonomous Region.The rainstorms had caused direct economic losses of 6.5 billion yuan (952 million U.S.dollars), it said.

BEIJING, June 18 (Xinhua) -- China has become the world's third largest stock market as total market value of the Shanghai and Shenzhen markets hit 20.96 trillion yuan (3.07 trillion U.S. dollars) as of the end of May, the country's securities regulator said Friday.The total market value so far was up 393.76 percent compared to the 2003 level, the China Securities Regulatory Commission said.

BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.

BEIJING, June 13 (Xinhua) -- The 4th China International Private Equity Forum saw contractual agreements worth 15.5 billion yuan signed, before it closed in north China's Tianjin Municipality Saturday.The forum, which aimed at providing introduction services between investors and enterprises, attracted 729 private equity funds from 36 countries and regions.