Shares of Sany jumped about 2.8 percent at 11:05 am Monday in Shanghai.
Shadow banking, or the lending business outside the banking system, has drawn high attention from the country's top leadership, as the sector can spark systemic risks and has expanded at a 20-percent-plus annual rate in China for years since 2008, the report said.
Shanxi Xishan Coal and Electricity Power forecast its net profit will likely grow sixfold to 1.4 billion yuan in the first three quarters of this year, thanks to cuts to overcapacity and attempts to optimize both its product structure and marketing strategy.
Shanghai Disney Resort said on Wednesday it has officially implemented its new food policy for guests and adjusted security screening procedures for a more pleasant visit.
Several MNCs have also started firming up alliances with Chinese e-commerce giants for greater reach in the country. United Kingdom-based pharmaceutical giant GSK has teamed up with JD for lung disease medicines, while Allergan Aesthetics, a company under US-based AbbVie, is working with JD on eye disease medicines. German science and technology conglomerate Merck has teamed up with Alibaba for diabetes, thyroid and cardiovascular disease medicines.
Several ministry-level departments, including those responsible for education, transport, and development and reform, have responded recently to issues of public concern.
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Shang Zihan, who was supposed to leave Beijing in the morning but decided to refund his tickets in the afternoon, said it's understandable that a device can malfunction. He changed his original plan and got a refund for his ticket.
Shale formations in the country are deeper and more tectonically fractured, thus leading to higher costs and difficulties in maintaining wells while drilling, she added.
Seventy-six trains would run on the route every day after completion of the project. At present, 32 trains ply the route.
Shanghai was home to 674 regional headquarters of multinational corporations and 443 foreign-funded research and development centers as of the end of January 2019.