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The process will entail no reviews or approvals from securities regulators, providing a convenient channel for qualified growth firms to get listed in the more liquid exchange markets and receive higher valuations.

The profit loss is an "active selection" of the company to lay a solid foundation for its future growth, it said.

The producer price index, which measures factory-gate prices and concerns corporate profitability, dropped by 0.3 percent year-on-year in July, the NBS said.

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The progress can be attributed to measures taken by the city and districts.

The president, who faces re-election in November, took the dramatic step in a somber Oval Office speech as he battles to address the health and economic shocks to Americans and responds to mounting criticism that he has underplayed the threat from the mushrooming coronavirus crisis.

The president wants that to happen before the end of the year, allowing him and his Republicans to score their first major legislative achievement of 2017, despite controlling the White House, the Senate and the House since he took office in January.

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The president of the United Federation of Teachers said in a statement that the labor union supported the phased reopening so long as "stringent testing was in place".

The president is blocking billion in emergency aid to the USPS. The House is expected to vote Saturday on legislation that would prohibit changes at the agency. The package will also include billion to shore up the USPS, which faces continued financial losses.

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The project, to be supported by AIIB's first emergency assistance loan, aims to strengthen the public health emergency response capacity in Beijing, the capital of China, and Chongqing, the regional center of western China.

The project will use 100 percent renewable energy sources, according to the cooperation agreement between the city government and the company.