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China National Petroleum Corp, the country's largest oil producer, and Shanghai-based CEFC China Energy Co are the company's new Asian partners, in addition to Japanese and South Korean companies, BP Plc and Total SA.

China and Germany share strong trade and economic ties, with both economies becoming highly complementary, experts said. China became Germany's biggest trading partner for the first time in 2016, and Germany has been China's largest trading partner in Europe for 43 years.

China RE held the first summit on catastrophe risk and insurance. The summit highlighted the importance of technology for insurance and reinsurance companies. Industrial experts and government delegates agreed that an open big data platform is needed to push the industry forward.

China Shenhua Energy and GD Power Development have applied to extend a share trading halt as merger discussions continue, Shanghai Securities News reports.

China aims to create a level playing field for the renminbi and other major convertible currencies, and reduce obstacles to the free use of the renminbi in onshore and offshore markets, she said at a seminar held by the Chinese Academy of Macroeconomic Research, a think tank under the National Development and Reform Commission, the national economic planner.