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China's foreign investment law will give more confidence to foreign investors and promote the growth of the economy, according to Maurice Greenberg, chairman and CEO of Starr Companies.

China's continuing reform and opening-up will revitalize the A-share market and improve liquidity in it this year, insiders said.

China's major power generator China Guodian Corporation and coal producer Shenhua Group proposed a merger of their coal power assets, setting up a joint venture company worth 54.4 billion yuan (.24 billion), the tie-up of which is believed to create world's largest utility provider by capacity. So far, the cabinet has approved the plan.

China's economy generally maintained steady and sound growth in May, along with supply-side structural reform and innovation-driven development. Economic indicators like supply and demand, employment, consumer price, and profit of enterprises showed positive signs, and the economic development was also more balanced and stable.

China's new national-level archaeological research institution is announced on Monday. [Photo/Beijing Daily]