The real estate sector ended Tuesday's trading down 2.98 percent on the A-share market, a day after the nation's decision to firmly curb rising home prices, which triggered market expectations that more restrictions would be in the pipeline in the second half of this year.
China has decided to form a professional and market-oriented investment platform for better managing its State-owned assets, as the government seeks to further accelerate reforms and exercise its rights as majority shareholders in these firms, a top Finance Ministry official said.
Li Xi, a 21-year-old college student from Beijing, had always dreamed of spending more time in the Mogao Grottoes, also known as the Thousand Buddha Caves, in Dunhuang, Northwest China's Gansu province, to study the rich collection of ancient paintings housed there.
For Zhu Xiaofeng, an expert at the Dunhuang Research Academy, studying the ancient Buddhist paintings in the Mogao Grottoes in Gansu province is a lifetime's work.
The establishment of special-purpose companies tasked with State asset investment and operation will improve the allocation efficiency of State capital while giving substantial autonomy to State-owned enterprises.
China plans to lower the threshold for foreign investors to make strategic investment in listed companies in the nation, which is the latest in a series of measures to further open the market.
Huawei Technologies Co Ltd said on Tuesday that it is confident it will maintain sound momentum for the whole of 2018, after its revenue for the first six months reached 325.7 billion yuan ($47.6 billion), outperforming the slowing global telecom and smartphone market.
To better serve its Yangtze River Delta customers, as well as national demand for faster and safer transportation and distribution, YTO Express Group Co Ltd has decided to invest 12.2 billion yuan ($1.79 billion) in building a mega logistics center in Jiaxing, Zhejiang province.
China Tower Corp, a mobile communication infrastructure company that runs almost all of the mainland's telecom towers, is in discussions with e-commerce heavyweight Alibaba Group Holding Ltd for cooperation in cloud computing, data intelligence and the internet of things, people familiar with the matter said.
Tianjin will give top priority to industrial restructuring as part of the ongoing efforts by the northern port city to sustain annual GDP growth.
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