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Between Jan 1 and Oct 16 box-office takings topped 46 billion yuan ( billion), and industry observers predict that the figure will rise to 55 billion yuan by the end of the year, signaling stable, continuous growth from 2012, the year China's movie industry underwent two pivotal changes.

Biden projected to take battleground state of Michigan in presidential election: US media - World - Chinadaily.com.cn

Biegun pointed out his team's readiness to resume negotiations with the DPRK, saying the US has offered to Pyongyang a number of creative ways to proceed with "feasible steps and flexibility" to reach "balanced" agreements.

Bert Hofman, World Bank country director for China, said: "China has made rapid progress in improving its business climate for domestic small and medium enterprises in the past year. The progress signals the value the government places on nurturing entrepreneurship and private enterprise."

Besides State-owned groups, such as China Merchants Group, large privately-owned conglomerates are also on the supervision list, including HNA Group Co, Fosun International Ltd, China Evergrande Group, and Tomorrow Holding Co. In addition, it covers some of the country's internet giants, such as Alibaba and Tencent, according to the financial regulatory body.