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China News Broadcast, July 23, 2012: Massive Damage After Beijing Flooding In today's China news, Beijing was hit by heavy rains -- the worst in decades. Footage shows massive devastation and displacement with damages estimated at over $1.6 billion (USD). The low official death toll is raising questions about a cover up, and many fear the actual figure could be higher. Even as floodwaters raged, residents of Beijing pulled together in a show of solidarity. A group of volunteers, using weibo to communicate with each other, scoured the city, offering free rides to those who needed them. Today is the one year anniversary of the Wenzhou high-speed rail crash, though you wouldn't have been reminded of it by state-run media. A Chinese reporter says there is a ban on coverage of the crash, which killed at least 40 people, and injured nearly 200 others.a More toxic food found in China. Health authorities have suspended the sale of baby formula that has been found to contain a cancer-causing toxic substance called alatoxin. This is the latest in a string of food safety problems in China since 2008. The ASEAN 10 Nations were not able to reach consensus over the ownership of the South China Sea last Friday. That's despite days of heated discussions. China has just upped the stakes in the dispute by installing a military garrison in Sansha city, a city which in itself is hotly disputed. China's offshore oil and gas giant CNOOC said on Monday it has agreed to acquire Canadian rival NEXEN for 15.1 billion dollars. The deal, if successful, would be China's ... From: NTDTV Views: 82 3 ratings Time: 11:21 More in Education