1 dead, 2 missing after ships collide in east China

A fishing boat sank Wednesday after colliding with a Panamanian freighter, leaving one dead and two missing off the waters of Zhoushan in east China's Zhejiang Province. 

There were seven onboard the fishing vessel when the accident happened at 7:10 p.m., and four were rescued. 

Rescue operations are underway. 

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