XM does not provide services to residents of the United States of America.

Floods, mudslides kill 2 in southwest China, destroy homes, bridge



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Floods, mudslides kill 2 in southwest China, destroy homes, bridge</title></head><body>

SHANGHAI, Aug 3 (Reuters) -Floods and mudslides destroyed village homes and part of a highway in China's southwestern province of Sichuan on Saturday, killing at least two people and leaving 17 missing in two incidents, state media reported on Saturday.

Overnight in Kangding, a mountainous region in Sichuan's western highlands, mudslides took down some homes in a village, killing two, while 12 were missing, national broadcaster CCTV reported.

A bridge connecting two tunnels on an expressway linking Kangding and Ya'an collapsed on Saturday morning, causing three vehicles to fall off the highway. One of the six passengers has been rescued, CCTV said. It did not specify whether they had fallen off the bridge.

China has been roiled by record rain and heatwaves this summer as scientists warn of more extreme weather fuelled by climate change. In the past decade, Sichuan and Hunan in the south have suffered the most damage from storms and floods, reporting cumulative economic losses of more than 100 billion yuan ($14 billion) each, according to some estimates.

In Zixing, a city in Hunan province, 30 residents died after Typhoon Gaemi lashed the region with record rains in late July. Local officials said on Friday that 35 people were still missing.

Across Hunan, the rains induced by China's most powerful typhoon so far this year have affected 1.15 million people and caused direct economic losses of about 6 billion yuan.

A highway bridge collapse triggered by flash floods in the northwestern province of Shaanxi killed 38 people, local authorities said on Friday in their latest tally of fatalities.

Despite search and rescue work in the past two weeks, 24 people remained missing after the Shaanxi bridge collapse, which plunged 25 vehicles into a river.


($1 = 7.1600 Chinese yuan renminbi)



Reporting by Shanghai Newsroom; Editing by William Mallard

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.