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The merger will create an energy behemoth with combined assets estimated to exceed 1.8 trillion yuan (1.5 billion) and the fourth-largest Chinese energy sector SOE－after China National Petroleum Corp, the country's largest oil and gas supplier and producer; China Petroleum and Chemical Corp, the world's biggest refiner; and State Grid Corp of China, the nation's electric power giant.

The ministry is making specific management rules for the transferred assets, jointly with other government departments, Finance Minister Liu Kun said at a recent conference.

The military sent 12,000 troops, about 600 land and naval weapons, and nearly 130 aircraft to participate in the parade, the first in the PLA's history to celebrate its birthday, which falls on Tuesday. The event was organized by the PLA Central Theater Command on orders of the Central Military Commission.

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The meeting decided to increase the supply of community facilities, expand market access and guide social forces to widely participate, provide fiscal subsidies for personnel training, and optimize the fiscal expenditure structure in the industry.

The meeting also acknowledged that China is at a pivotal stage of transforming its growth model, improving its economic structure, and fostering new drivers of growth. It called for sustained vigorous efforts in deepening supply-side structural reform, and ensuring reasonable growth and steady improvement of the economy.

The market share of domestic formula in China increased to more than 60 percent in 2018, compared with less than 40 percent before Junlebao rolled out its formula products, according to statistics provided by the company.

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The merger is in line with the country's effort to push restructuring in state-owned companies. During the past five years, 34 central SOEs were reorganized to improve competitiveness, according to Xiao.

The mega infrastructure projects, including the Norochcholai coal power plant which is Sri Lanka's first coal-fired power plant, the Colombo International Container Terminal (CICT), the expressway linking the capital of Colombo to the Bandaranaike International Airport and the upgrading of the Hambantota harbor, have all played an irreplaceable role in Sri Lanka's economic recovery and development. They have also laid a solid foundation for speeding up the industrialization process of the country.

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The meeting, China-New Zealand Business Council Forum, was held in Auckland on Thursday with an aim to strengthen economic ties and relationship between the two countries.

The measures were announced one day after five passengers were found to have abnormal body temperatures on a plane that arrived from Incheon, South Korea, at Weihai, a city neighboring Yantai. According to China Central Television, 163 passengers were on board.