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During the first seven months of the year, industrial value-added output increased 10.3 percent year on year.

Following the government's decision to prioritize stable growth, the People's Bank of China (PBOC) will continue to implement the prudent monetary policy and make the policy more future-focused, targeted and flexible, according to a quarterly report released by the bank's monetary policy analytical team.

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).

The number of entries by foreigners was up nearly 4.6 percent year-on-year in the six months, most of whom came from the ROK, Japan, the United States, Russia, Malaysia, Vietnam, Singapore, the Philippines, Mongolia and Australia, according to the ministry.

Level four emergency plans, the lowest level in China's four-tier emergency response system, require the National Commission for Disaster Reduction and the Ministry of Civil Affairs to send a working team to a disaster zone in question within 24 hours and allocate relief materials within 48 hours.