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China aims to upgrade its industries to get a piece of the commercial action in such finished products. Whereas the country has been mainly a miner and shipper of rare earths in the past, it now seeks to become a top refiner and manufacturer.

China Daily - Agencies

China aims to build a moderately prosperous society in all aspects and eradicate extreme poverty by 2020.

China Merchants Securities Co Ltd, one of the country's biggest brokerages by assets, has obtained official overseas securities brokerage license in South Korea, making it the first mainland securities company to get the green light.

China Cinda Asset Management Co Ltd and China Orient Asset Management Co Ltd, two of the eight investors, will contribute around 5 billion yuan and 2 billion yuan, respectively, toward servicing debt of CSIC's Dalian Shipbuilding Industry Co Ltd and Wuchang Shipbuilding Industry Group Co Ltd, according to a recent filing made to the Shanghai Stock Exchange. In return, they would pick up equity in the two CSIC subsidiaries.