The deal has made BAIC the third-largest shareholder of Daimler, fulfilling its intention of cross-holding that dates back to 2013 when the German carmaker acquired a stake in the group's Hong Kong-listed arm.
The cutbacks followed a game plan instituted after deadly wildfires - some blamed on downed PG&E transmission lines - destroyed dozens of lives and thousands of homes in recent years and forced the utility into bankruptcy over an estimated billion in potential damages from lawsuits.
The court found that Yang took advantage of his posts, as a standing committee member of the Communist Party of China (CPC) Hebei Provincial Committee and vice governor of Hebei, to help others with project construction, land use rights, forming business partnerships, establishing companies, as well as job adjustments and promotions between 2008 and 2016.
The current consumer price index, which hit a 18-month high of 3 percent in September, cannot reflect the overall price level, as the industrial products' prices maintained a relatively lower level. "Cutting interest rates is very necessary," he said.
The daily volume of passengers by commercial airlines dropped substantially during Jan 25 and Feb 14 to a level of only one-fourth of the volume in the same period of last year, according to the Civil Aviation Administration of China.
The deal is expected to be closed when rules capping foreign ownership for all auto ventures are lifted.
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The country's overall auto sales suffered a year-on-year fall of 12.4 percent in the first six months, according to the China Association of Automobile Manufacturers.
The data collected from a total of 96 participants showed that participants started off with similar levels of self-reported happiness and those who spent money on themselves reported a steady decline in happiness over the five-day period. However, happiness did not seem to fade for those who gave their money to someone else. The joy from giving for the fifth time in a row was just as strong as it was at the start.
The country's fixed-asset investment in May went up 5.87 percent from April, the bureau added.
The country's pork import surged by 75 percent year-on-year to 2.11 million tonnes while beef import jumped by 59.7 percent to 1.66 million metric tons, according to the data from the General Administration of Customs.