One person died, five other were missing and 1,200 evacuated after rain-triggered flood hit a town in central China's Hubei Province Friday, said local authorities Saturday.

Continuous heavy rains caused flooding at Taipingxi Town, Yiling District of Yichang City at 11:30 p.m. Friday. said the township government in a statement.

Fifty-eight houses have collapsed and hundreds more damaged. Rescue is underway, it said.

Floods in China this year have left 742 people dead and 367 missing, as of Friday morning, according to the State Flood Control and Drought Relief Headquarters.

Floods have hit 28 provinces, regions and municipalities, affecting 120 million people and swamping 7.6 million hectares of crops, according to the headquarters.

The floods have caused the collapse of 670,000 homes and resulted in direct economic losses of 152.4 billion yuan (22.51 billion U.S. dollars).

Typhoons are now plaguing the flood-hit regions.

Typhoon Chanthu, the third of the summer, was downgraded to a tropical storm at 2 a.m. Friday.

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.