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China's Contemporary Amperex Technology Co Ltd, Ant Financial Services Group and the bike-sharing startup will pour in an initial 1 billion yuan (4.6 million) in the new joint venture, which is primarily engaged in e-bikes' battery-changing services.

China's A-share market is expected to generate higher-than-expected profits and see increased participation from foreign investors this year, as economic growth stabilizes in the country through further restructuring, experts said on Wednesday.

China will further advance cooperation with member states of the Association of Southeast Asian Nations, champion multilateralism and free trade, and safeguard world peace and development while upholding the concept of community with a shared future for mankind, Premier Li Keqiang said.

China's General Administration of Customs says China-Russian trade in the first half of the year was worth .16 billion, 5.6 percent less than in the corresponding period last year. The value of China's exports to Russia was .94 billion, 6 percent less than in the corresponding period last year, and imports were worth .22 billion, down 5.3 percent.

China will proceed with its national campaign of renovating dilapidated houses for the remaining 2 million families categorized as poor and other key groups by 2020, including families with members who are disabled.