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Lin Wei, partner of Global Strategy Group at KPMG China, said as China aims to build a group of world-class, role-model SOEs that lead in high quality development, it would be economically beneficial for more China's SOEs to take part in the mixed-ownership reform to bring private capitals into those SOEs.

Liu is scheduled to meet Hungarian leaders and attend other cultural and academic exchanges on Monday before heading to Greece. The trip follows a visit to Morocco aimed at increasing cultural cooperation.

Link Reit, for instance, is seen to have successfully added shareholders' value by renovating its malls to maximize rental income. In so doing, it is widely vilified for driving out the neighborhood stores that cater to the low-income families living in nearby housing estates.

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Liu Chunquan, a lawyer with Beijing Suewin Law Firm, said that it is necessary to consider if there is unfair competition, and if such business wars affect customers.

Liu said Westinghouse's cooperation with Chinese partners has been a very successful model, as the two parties work not only on Chinese projects but also projects worldwide, including in Turkey.

Linyi is the biggest timber plank production and trading base in China. The timber enterprises are mainly located in Lanshan district, and represent the main industry of the district. In order to reduce emissions, the district temporarily halted the supply of steam, causing more than 400 timber enterprises that have experienced multiple rounds of environmental inspections to suspend their operations.

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Linked by mountains and rivers, China and ASEAN share cultural similarities and enjoy good neighborliness and long-lasting friendship. China-ASEAN relations have entered a new stage of all-round development. This year marks the Year of ASEAN-China Media Exchanges. It is also the first year for the implementation of the China-ASEAN Strategic Partnership Vision 2030. Media is playing an irreplaceable role in building a closer China-ASEAN community with a shared future and deepening the China-ASEAN strategic partnership.

Listed companies are thus encouraged to issue preferred stocks and convertible bonds to raise the necessary funds for their buybacks. Listed companies that have already repurchased their shares will be exempt from an interval restriction from refinancing.

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Liu Junwei, senior analyst at Everbright Securities, said that the ETFs in Japan will help to diversify risks as there were limited products targeting the Japanese market at present. Meanwhile, Japan's economy has moderately rebounded recently and the central bank's bulk investment will help to stabilize the products' performance to some extent. As the Japanese ETF market is complete, there will be plenty room for trading.

Liu Shangxi, head of the Chinese Academy of Fiscal Sciences of the Ministry of Finance, said the robust growth in fiscal income was a result of the sound economic recovery.