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The China Banking and Insurance Regulatory Commission gave the green light to China Construction Bank Corp and Bank of China Ltd on Wednesday regarding their applications for the establishment of a wholly-owned asset management subsidiary.

The Chinese government has been phasing out outdated production facilities in recent years. "Against such a backdrop, the growth rate of the PVC industry has slowed. Only companies that can meet the strict environment standards will survive and stand out," Liu said.

The China Institute of Atomic Energy (CIAE), one of the 23 science and research arms of China National Nuclear Corporation, has been ramping up efforts to utilize nuclear technologies for industrial and commercial use.

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The China Banking and Insurance Regulatory Commission (CBIRC) said last month that it had encouraged banks and insurance companies to increase funding to meet the financing demand of the real economy.

The Chinese animated megahit, Ne Zha, was released by Well Go USA in North America with a cume of .67 million. It's the top-grossing animated film ever made by China and No 2 on the box office chart for all films ever screened on the Chinese mainland. The box office hit has grossed more than 0 million worldwide.

The China-proposed Belt and Road Initiative is well discussed at the two-day "Hamburg Summit: China meets Europe", which opened on Monday.

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The Chinese government has cut taxes and fees this year totaling 1.17 trillion yuan (0 billion) by June, completing more than half of the 2 trillion yuan annual tax and fee reduction target, the country's tax authority reported on Tuesday.

The Chinese government aims to lift over 10 million people out of poverty in 2018, including relocating 2.8 million people from inhospitable areas.

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The Chinese company saw its fastest earnings growth in eight years, as cars designed with its Swedish unit Volvo won over domestic consumers.

The Chinese government attaches great importance to the issue of employment, and takes employment as the first priority in the task of improving people's livelihoods and ensuring the stability of the society.