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Conducted by China Securities Investor Protection Funds Corp Ltd, the survey found that confidence index stood at 58.6 in August, a new high since January 2016 and up 8.7 percent from last month.

Complex outlook has some manufacturers making financial strides and others falling

Coal producer Shenhua Group and China Guodian Corp, one of the top five State power producers, announced the official merger into a new entity called China Energy Investment Corp. It comes as the country is trying to cut industrial overcapacity and streamline State-owned enterprises.

Coal companies in Shanxi, a key coal producing province in China, have made remarkable progress in shifting from heavily polluting coal mining to clean and efficient use of the nonrenewable resources.

College football is a hero when it comes to contributing to the US GDP. The major athletic conferences rake in massive sums from television contracts, while an economic stream flows from the gridirons through the college towns across the country that host games.