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Date from the Bank of International Settlements (BIS) showed China's overall leverage ratio is growing at a slower pace.

Data from 28 cities showed that the ratio of revenue and expenditure stood at 78 percent in 2018 after increasing 8 percentage points from the previous year. Only four cities — Hangzhou, Qingdao, Shenzhen and Beijing — achieved balance last year, and the rest of 24 cities operated at loss.

Daimler AG's subsidiary Mercedes-Benz Energy and Beijing Electric Vehicle intend to establish energy storage systems in China with disused batteries from the Chinese electric carmaker, with the first one in Beijing, according to a statement on Thursday.

DHAKA - The China International Import Expo, the first of its kind in China to be held in November, reflects China's commitment to open its door wider for trade and investment, a Chinese diplomat said on Thursday.

Deals signed during the forum included Saudi Arabian Oil Co taking a stake in CNPC's Yunnan refinery, a billion agreement for a natural gas processing plant in Azerbaijan with State Oil Co of Azerbaijan, gas storage and gas-fired power projects with Russia's Gazprom PJSC, and a geothermal project in Kenya, it said.