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As of July 18, a total of 20.53 million people in 27 provincial-level regions had been affected by flooding with 54 dead and eight missing. Flood disasters also affected 1.759 million hectares of crops and flattened 23,000 houses, inflicting direct economic losses of 51.6 billion yuan (.6 billion).

As of the end of last year, the top 100 real estate developers took up 58.1 percent of the nation's market share, up 10.6 percent from the previous year, the report stated.

As of Thursday, a total of 249 firms listed on the Shanghai and Shenzhen stock exchanges published their annual reports, 204 of which saw their profits rise, accounting for 82 percent of the total, according to data compiled by information service provider Wind.

As part of Xi'an city's entrepreneurial efforts, the takeoff plan in Beilin district will take advantage of a large number of institutes and universities concentrated in the district to continue and deepen the reform of institutional mechanisms, in order to utilize technological innovation from the institutes and universities.

As leaders of the Asia-Pacific, we share a common responsibility to chart the long-term development course for APEC and draw up a post-2020 vision. We should follow the underlying trend of economic globalization and prevail over difficulties as they arise. We should remain committed to our goal of economic integration in the region and work toward the direction of an open global economy. We should keep the momentum of Asia-Pacific cooperation and steadily bring it to a higher level.