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The country encourage mergers and acquisitions and "will guide the voluntary exit" of weak companies that cannot cease making losses, he said.

Pledging allegiance is not just a symbolic move, but a showcase of firm belief towards the rule of law, said Jiang Ming'an, a law professor with the Peking University.

BEIJING, Jan. 15 (Xinhua) -- China's anti-corruption efforts have purified the market and boosted economic growth, officials said Friday at a press conference.

In July last year, a comprehensive agreement on the Iran's nuclear issue was reached, giving Iran an opportunity to experience faster development after the West lifting sanction on the country.

There is no "absolute" freedom in either the physical world or cyberspace. Freedom and order must be upheld side by side. Freedom is the purpose and order is the means.