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|BEIJING Cheap Zach Cunningham Jersey , March 4 (Xinhua) -- Chinese corporates outside of the property sector will be challenged over the next year by the fall in oil prices and increased competition, according to a Moody's report published on Wednesday.
Department stores, food and beverage manufacturers, and Chinese factories will face increased competition over the next 18 to 24 months, it said.
"We expect department stores will reposition themselves as lifestyle centers to counter increasing competition from shopping malls and the Internet Cheap Xavier Su'a-Filo Jersey ," said Lina Choi, a Moody's vice president and senior analyst.
She added that the ability to innovate and improve their products will be crucial to maintaining food and beverage manufacturers' profitability.
Furthermore, Moody's said that lower crude oil prices will materially reduce profits and cash flows for China's three national oil companies, and pressure the revenue growth and margins of the four oilfield services companies that Moody's rates.
However, it expects the three national oil companies' Aa3 ratings to remain intact due to strong government support in light of their strategic importance to the Chinese government.
In addition Cheap Whitney Mercilus Jersey , ongoing overcapacity -- amid a slowdown in demand -- will affect steel and cement producers, but Moody's expects the Chinese government to increase infrastructure investment to mitigate weakening demand from the property sector.
GUIYANG， July 4 (Xinhua) -- At least one person has been killed and another 10 are missing after torrential rain hit southwest China's Guizhou Province， local authorities said on Monday.
Heavy rain has hit more than 100 townships in the province since early Sunday， affecting about 79，000 people， according to the provincial flood control and drought relief headquarters.
Nearly 30，000 people have been relocated while 184 houses were toppled. Direct economic losses have been estimated at 330 million yuan， the headquarters said.
The only death reported was in Zhenfeng County. Seven villagers went missing after a rain-triggered landslide occurred in Wanshan District of Tongchuan City at 2 a.m. Another three people were reported missing after heavy rain flooded their homes.
Further rescue work is under way.
China's meteorological authority renewed its orange alert for heavy rain in the south and southwest of the country on Monday， saying heavy rain will hit the provinces of Anhui， Jiangsu， Hubei， Jiangxi， Hunan and Guizhou， and Guangxi Zhuang Autonomous Region until Tuesday morning， with precipitation reaching 200 millimeters in some areas.
China has a four-tier color-coded system for severe weather， with red being the most serious， followed by orange， yellow and blue.
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