The CISA said the net profit of steel enterprises slumped 30.2 percent year-on-year to 37.5 billion yuan (.46 billion). The profit ratio of sales by member steel enterprises was 3.87 percent, 2.39 percentage points lower than the same period last year. By the end of March, their asset-liability ratio dropped 1.94 percentage points year-on-year to 64.08 percent.
The Baoding Great Wall Holdings Group Co Ltd, the indirect controlling shareholder of Great Wall Motor, said it plans to acquire all the shares of Shanghai Fuel Cell Vehicle Powertrain Co Ltd soon. That would enable Great Wall Motor to develop and deploy cost-competitive fuel cells for a variety of applications, according to the company.
The CSRC has been toughening supervision and punishment of illegal market activities such as insider trading and stock manipulation after the market rout in 2015 shattered investor confidence.
The CEO of Thales aims to double the group's business in China during the next five years and take advantage of the booming aerospace sector
The CCDI said Yang was dismissed as a member of the 18th CPC National Congress and his illegal gains will be confiscated.
The C919, China's first homegrown large passenger plane, on Tuesday netted another 30 orders from Everbright Financial Leasing Co Ltd, a subsidiary of China Everbright Bank Co Ltd, lifting its total orders to 600.
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The Beijing Declaration proposed to deepen the understanding of the importance of science and basic research, to promote collaborative and responsible scientific research and to create an encouraging environment for progress in science.
The CAAC also announced protective zones around 155 airports and said it would introduce more technical measures to ensure that civil aviation would not be affected by drones.
The Belt and Road Initiative, proposed by China in 2013, aims to build trade and infrastructure networks connecting Asia with Europe and Africa along the ancient Silk Road trade routes to seek common development and prosperity.
The BFC said it would also explore further collaboration with VIP.com, which became the first Chinese retailer to become an official partner of London Fashion Week this month.