The Changzhou People's Procuratorate said in the trial that Zhang helped companies benefit from land development and project contracting, and he used his power to influence court decisions to benefit others. It also prosecuted Zhang for accepting bribes in return for promotions.
The Chinese government is encouraging domestic companies to make investment in manufacturing and hi-tech fields overseas, while actively attracting foreign investment to China, he noted.
The China Banking and Insurance Regulatory Commission has been paying close attention to the case and asked Bank of China to negotiate with clients on an equal footing and solve the problem according to laws and regulations, an official of the commission told Financial News.
The Chinese economy continued to rebound last month with retail sales returning to growth for the first time this year, as the country's efforts to stabilize employment and people's livelihood yielded results.
The California-based electric vehicle startup Faraday Future also announced on Monday it has confirmed billion of equity funding upon approval of the Committee on Foreign Investment in the United States.
The China Energy Fund Committee (CEFC) is an NGO with Special Consultative Status with the United Nations Economic and Social Council.
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The China Meteorological Administration warned those sitting exams to guard against gastrointestinal diseases that are usually prevalent during spells of hot weather. It also advised travelers in rain-affected regions to plan their trips in advance.
The Chinese electric-car startup completed its 0 million first round of funding in the second half 2017 and in January this year debuted its first concept car, which features facial-recognition technology and a 49-inch full-screen dashboard. The subsequent industrial prototype will go into production in Byton's plant in the coming two weeks, synchronized with the second round of funding.
The China-proposed Belt and Road Initiative has been widely echoed and accepted by the international community since it was put forward three years ago, President Xi Jinping said on Wednesday.
The China Disabled Persons' Federation on Friday held a sales promotion session in Beijing to help bolster the consumption of farm produce and other products from laborers with disabilities.