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Construction of Xiongan－another new area of "national significance" following the Shenzhen Special Economic Zone and Shanghai Pudong New Area－is expected to be accelerated this year after the design and planning is completed, said Zhang Zhongjie, an analyst at Huajin Securities. Bidding and construction on transport projects, including railways and highways, will probably start soon.

Cotesa's chief executive officer Joerg Huesken confirmed to German newspaper of Frankfurter Allgemeinen Zeitung on Wednesday that the deal finally got approval from the German government after a months-long investigation.

Contrary to the 2.28 percent increase in the Shanghai Composite Index and the 2.98 percent rise in the Shenzhen Component Index, major property developers reported falls in their share prices. China Vanke shares declined by 1.23 percent to 30.42 yuan (.35), while Poly Developments and Holdings Group Co Ltd inched down by 1.01 percent to 15.74 yuan.

Consumers from China accounted for 33 percent of global luxury goods purchases in 2019, up from just 1 percent in the 2000. Spending by China's luxury shoppers may reach 1.2 trillion yuan (0 billion) by 2025, according to Bain & Company.

Considering CGN's vast experience in building nuclear facilities at home and the significance of the nuclear power plant at Bradwell in southeastern England, chances are high that the parameters are met, said Joseph Jacobelli, a senior analyst with Asia utilities and infrastructure research at Bloomberg Intelligence.