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Over 3,121 houses have collapsed due to the downpours, which fell on 44 counties of 13 cites in Guangxi. And direct economic losses are estimated to stand at about 389 million yuan (61.15million U.S. dollars).

A quake relief headquarters has been set up and a team of 1,300 rescuers have been dispatched to the quake-hit region, according to the city government.

In biggest Chinese cities, the percentage of residents who were satisfied with the environment in 2011 was much lower. Only 46 percent of residents in both Beijing and Shanghai were satisfied with the air quality, compared to 49 percent in Guangzhou. Meanwhile, 58 percent of residents in Shanghai were satisfied with the water quality, compared to 60 percent in Beijing and 61 percent in Guangzhou.

According to the draft released by the China Securities Regulatory Commission, an employee stock ownership plan (ESOP) allows listed firms to buy their own stocks on the secondary market through an assets management agency with a designated part of their employees' cash compensation.

Meanwhile, the NMC forecast heavy rain and storms will hit China's Zhejiang, Fujian, Jiangxi, Guangdong, and Hainan provinces on Sunday and Monday. Thunder and gales were also forecast in some parts of these provinces.