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BEIJING, July 21 (Xinhua) -- Rain-triggered floods left 273 people dead and 218 missing since rainstorms struck south China on July 1, latest figures from the Ministry of Civil Affairs show; up from the 146 deaths reported on July 16.As of 4:00 p.m. Wednesday, about 58 million people in 11 provinces and Chongqing Municipality had been affected by the floods, with 3 million being evacuated and resettled, according to a statement released Wednesday by the ministry.A total of 330,000 homes and some 4 million hectares of crops have also been destroyed.Also, economic losses were estimated at about 58.27 billion yuan (8.53 billion U.S. dollars), the statement said.Additionally on Wednesday, the Ministry of Finance and the Ministry of Civil Affairs earmarked 329 million yuan for disaster relief in the flood-hit provinces of Sichuan, Shaanxi, Jiangxi and Hubei and the municipality of Chongqing.The funds will be used for the evacuation and resettlement efforts, reconstruction and death gratuities, said the statement.The previous relief funds of 370 million yuan was allocated to the provinces of Anhui, Hubei, Hunan, Guizhou and Yunnan, and Chongqing Municipality on July 16.Also on Wednesday, the Organization Department of the Communist Party of China (CPC) Central Committee allocated 5.5 million yuan "special membership fees" for disaster relief in the provinces of Hubei, Anhui, Zhejiang, Yunnan and the municipality of Chongqing.Earlier Wednesday, the Chinese government revealed that torrential rains and floods, the worst in a decade, have claimed the lives of 701 people and left 347 missing in China since the beginning of the year.Liu Ning, vice minister of Water Resources, warned that floods, mud-flooding and landslides would likely continue to plague some areas in Hainan, Guangdong, and Guangxi with landfall of a severe tropical storm, named Chanthu, on Thursday.

SHANGHAI, June 12 (Xinhua) -- Chinese State Councilor Liu Yandong met here Saturday with former Japanese Prime Minister Yukio Hatoyama, who was here to attend the Shanghai World Expo's Japanese National Pavilion Day.Liu spoke highly of Hatoyama's efforts during his tenure in advancing Sino-Japanese relations, and said China was ready to work with Japan to promote ties.Liu hoped the Shanghai Expo could serve as a good opportunity to promote bilateral people-to-people exchanges, as such exchanges could help further develop bilateral ties.Hatoyama resigned from the top post on June 2, and Naoto Kan succeeded him as prime minister.Hatoyama, who was here as special envoy of the new prime minister, attended an official celebration ceremony for Japanese National Pavilion Day together with Liu earlier Saturday.During the ceremony, Liu expressed China's appreciation of Japan's support in the preparation of the Expo, adding Japan's rich experience of hosting the event helped spread the Expo spirit.Japan has hosted the comprehensive Expo twice and the professional Expo three times."I believe the Shanghai Expo will provide important opportunities for the two countries and two peoples to deepen mutual understanding and bilateral cooperation," she said.Hatoyama said he was glad to attend the ceremony, because his wife was born in Shanghai. And he hoped people in the world could use their "hearts" and "technologies," to contribute to the harmonious development of the world.The Japan Pavilion, with the theme of "Harmony of the Hearts, Harmony of the Skills," is eye-catching with its attractive appearance and clever use of hi-technology. Dubbed the "Purple Silkworm Island" by Chinese people, the pavilion is semi-circular in structure and covered by a purple membrane material.

LONDON, Aug. 2 (Xinhua) -- Chinese automaker Geely has completed the acquisition of Volvo Car Corporation from Ford in London.Geely Chairman Li Shufu and Lewis Booth, Ford's chief financial officer (CFO) attended a signing ceremony in London on Monday."This is a historic day for Geely, which is extremely proud to have acquired Volvo Cars," said Li."The signing and completion of this acquisition reflects the commitment of Ford and Volvo executives to the future of this company, along with the vital efforts of union representatives and government officials in Sweden, Belgium and China as well as other relevant countries," said Li."This famous Swedish premium brand will remain true to its core values of safety, quality, environmental care and modern Scandinavian design as it strengthens the existing European and North American markets and expands its presence in China and other emerging markets," he added.Geely named Stefan Jacoby, chief executive of Volkswagen Group of America, as president and chief executive officer of Volvo Cars.Jacoby said: "I am honored to join a company with the prestige and growth potential of Volvo. Our employees, suppliers, dealers, and above all our customers, can be confident that Volvo will preserve its special status as the industry leader in vehicle safety and innovation, even as it pursues new market opportunities."Jacoby will join the board of Volvo Cars, chaired by Geely chairman Li. The board comprises several new directors including Hans-Olov Olsson, former president and chief executive of Volvo Cars and former chief marketing officer of Ford, who will become vice chairman of the board.Hans-Oskarsson, deputy chief financial officer, will replace Stuart Rowley as the CFO of Volvo Cars. Rowley and former Volvo president and chief executive Stephen Odell are moving to leadership roles at Ford of Europe.Geely paid 1.3 billion U.S. dollars in cash plus a 200-million-dollar note, less than the price worth 1.8 billion dollars announced in March due to changes in pension obligations and working capital.Under the new ownership, Volvo Cars will keep its headquarters and manufacturing presence in Sweden and Belgium, and its board will have autonomy to execute its strategic plan. Volvo and Ford will maintain close relations in component supply.

BEIJING, Aug. 15 (Xinhua) -- The Agricultural Bank of China (ABC), one of China's "big four" state-owned commercial banks, won the title for the world's largest initial public offering (IPO) after selling another 3.34 billion shares at its IPO price of 2.68 yuan per share.The ABC said in a statement at the Shanghai Stock Exchange Sunday that it raised an additional 8.94 billion yuan (1.31 billion U.S. dollars) after fully exercising the over-allotment option of its Shanghai share offering. The bank has now raised 22.1 billion U.S. dollars.The previous record was set by the Industrial and Commercial Bank of China, which raised a record 21.9 billion U.S. dollars in its IPO in 2006.ABC shares rose 0.37 percent to 2.69 yuan on the Shanghai bourse Friday.The ABC is the last of the "big four" state-owned commercial lenders to go public. The other three banks -- the Industrial and Commercial Bank of China, China Construction Bank and Bank of China, are listed on both Shanghai and Hong Kong bourses.The over-allotment, or so-called greenshoe option, allows the sale of additional shares to the public if demand is high.

MOSCOW, Aug 20 (Xinhua) -- Trade between China and Russia has returned to the fast track in 2010, as bilateral trade volume reached 30.7 billion U.S. dollars from January to July, Russian and Chinese officials said here Friday.That represented a 49.6-percent increase year-on-year, the officials said at the 13th meeting of the Russia-China inter-governmental trade commission, which was co-chaired by Russia's Economic Development Minister Elvira Nabiullina and her Chinese counterpart Chen Deming.Mutual investments also surged this year, as Chinese direct investment to Russia jumped 58.5 percent during the first half of 2010 and the Russian investment to China up 18.3 percent, they said.Russia is interested in continuing cooperation in such areas as electric power, nuclear energy, logistic infrastructure, Nabiullina said.Chen said Chinese companies are willing to increase investment in Russian enterprises and to take part in their infrastructure construction.He noted that China would take active measures to promote the import of Russian mechanical and electrical products, and also hopes that in return Russia will open its market to more Chinese cars.During the meeting, chambers of commerce and companies from the two countries inked several cooperation agreements.