In China, floods this year have left 742 people dead and 367 missing. In a statement, the State Flood Control and Drought Relief Headquarters today said floods have hit 28 provinces, autonomous regions and municipalities, affecting 120 million people and 7.60 million hectares of crops. It said the floods have caused the collapse of 670,000 homes and resulted in direct economic losses of 152.4 billion yuan.Meanwhile, typhoon Chanthu, the third of the summer, was downgraded to a tropical storm this afternooon. Chanthu affected about 1.36 million residents, killing two and toppling 2,915 houses. It also caused direct economic losses of 2.4 billion yuan.