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China Great Wall will help listed companies mitigate potential default risks and carry out industrial upgrading through multiple measures including restructuring of debt, assets and equity. Since the beginning of 2018, the asset manager has formulated debt restructuring plans for more than 10 listed companies.

China and France vowed to further expand their economic and financial cooperation in a bid to deepen their comprehensive strategic partnership.

China National Nuclear Power said establishment of the new company also is in accordance with the Belt and Road Initiative.

China and the US account for about 40 percent of the world economy and bilateral relations between the two sides have developed and formed on the basis of differences in comparative advantages and competitive edges. The existing means of economic cooperation are a result of the trading behaviors of the producers and consumers from the two countries and a process that has been beneficial for both sides, said Liu.

China Huaneng Group pledged to cut 9.14 million tons of coal production capacity annually by the end of 2018, while dealing with 16 of its "zombie companies" - commercially unviable businesses that only survive because of financing from the government and banks.