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BEIJING, Oct. 9 (Xinhua) -- China will gain itself a position among "upper-middle income" economies by World Bank standards by 2020, an economics expert predicted Tuesday.

The 500 companies, with assets totaling 130 trillion yuan, had a combined revenue of 44.9 trillion yuan in 2011, up 23.6 percent from a year earlier. But the profit-revenue ratio declined 1.07 percentage points to 4.7 percent, reflecting that the companies failed to maintain high profit growth in the current complex economic situation.

Many volunteered to offer rescue, helping drag vehicles out of flooded areas and transporting passengers back home by individual means.

Guo led city officials in bowing for several minutes on the bank of Juma River, where flooding incurred heavy casualties and losses of property.

China's 120-member expediton team, including researchers, coordinators, support staff, reporters, the ship's crew, four scientists from France and Denmark and another from China's Taiwan, arrived in the Icelandic capital Friday afternoon.