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BAIC Motor's operating revenue rose 14.86 percent to 46.75 billion yuan, however, its net profit reached 3.55 billion yuan, down 14.58 percent compared with 4.07 billion yuan a year ago.

BEIJING - China Merchants Bank's (CMB) outstanding loans to micro and small businesses hit over 400 billion yuan (about billion) by the end of April.

Authorities released few details in the case, saying the investigation was still underway, with witnesses being interviewed and surveillance video being examined.

Authorities have previously declared war on overloaded trucks, but overloading and other violations of traffic rules have proved to be intractable problems.

Attendees from business sectors would brainstorm during the annual event. The guests who have confirmed participation include Xu Jiayin, chairman of the Evergrande Group, Robin Li, chairman and CEO of Baidu, and Li Dongsheng, chairman and CEO of TCL.