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The authorities have been promoting mergers and acquisitions (M&A) among SOEs. China's two major bullet train makers completed consolidation in the first half of the year, while China Railway Corporation announced Sunday an asset reorganization plan with one of its subsidiary.

In 2011, the NPC Standing Committee dropped the death penalty for 13 economic-related non-violent crimes including smuggling cultural relics, gold and silver; carrying out fraud related to financial bills; forging or selling forged exclusive value-added tax invoices; teaching criminal methods; and robbing ancient cultural ruins.

China's Constitution specifies the process by which an amnesty must be granted. The NPC Standing Committee decides to issue one, the president promulgates the order, the courts handle respective cases, the procuratorates supervise the process and the police enforce the order.

BEIJING, Sept. 8 (Xinhua) -- Chinese Vice Premier Wang Yang on Tuesday urged more efforts to promote the development of specially-supervised bonded zones to boost trade growth.

Wang stressed China has no intention of edging the United States out of Asia as the U.S. has its practical interests in the Asia-Pacific, and rather China would like to see the United States play a positive role in the region.