The increase was mainly due to rises in trade credit amid rising imports and in debt securities as China further opens its bond market to overseas investors, said Wang.
The initial public offering spree rekindled local investors' love for tech stocks and served as a big push for the Asian financial center, whose stock market has long been dominated by financial services-related groups.
The increase occurred amid water-improvement projects as the campaign to protect and restore the river's ecological environment goes on, Pan said.
The inspectors said that local authorities behaved improperly in project approval. Projects covering reclaimed land were segmented into smaller sections to bypass state-level examination and approval, inspectors found.
The incident happened at around 3:07 am in a bean-processing factory owned by Kyo-Nichi Dodai Foods Co Ltd, which makes bean paste. Fire was put out at 3:40 am and investigation was underway.
The institute said that it has invested in and launched over 190 technology enterprises and held 120 training activities for more than 15, 000 entrepreneurs.
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The initiative is aimed at achieving common development and prosperity, and has nothing to do with geopolitics. All countries are welcome to participate in the initiative and the opportunities it offers, he said.
The import and export value of cross-border e-commerce in the province reached 640 million yuan (.7 million), 13.3 times higher than the number for the same period last year, according to the Kunming customs.
The industrial sector, which accounts for about one-third of China's GDP, started to pick up in 2016 amid nationwide supply-side structural reform efforts, which include measures to trim excessive production capacity, reduce inventory, cut costs, deleverage, and addresses weak points.
The identity of the victims was not immediately known. Authorities spent four days constructing a special grave at a city cemetery that is designated for the Muslim burials.