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Chinese Vice Premier Han Zheng attended the inauguration ceremony of the company.

Chinese listed companies reported brisk profit growth in 2016, as they ramped up spending on research and development, with emerging sectors outperforming traditional industries.

Chinese major panel manufacturers are pressing ahead with ambitious expansion plans, investing heavily in display panels. BOE Technology Group Co Ltd, the country's biggest display producer, will continue to strengthen its position in the industry amid a surge in demand for large-sized high-definition panels.

Chinese demand for aluminum is more than half of global demand at an estimated 60 million metric tons this year, according to the London-based the International Aluminum Institute.

Chinese home appliances maker Hisense Electric Co Ltd has won the bidding process for Slovenian appliances producer Gorenje, which said it received three binding offers by interested strategic partners from Asia on Tuesday.