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City Administrator Bruce Richardson welcomed Chinese investment.

Chinese stocks closed higher on Dec 29, the last trading day of 2017, with the benchmark Shanghai Composite Index up 0.33 percent to close at 3,307.17 points and the smaller Shenzhen Component Index closing 0.61 percent higher at 11,040.45 points.

Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a 0 million deal last year, the latest effort by the electric car-to-smartphone behemoth to raise funds amid a severe cash crunch.

Chongli wasn't always known for its mines.

City restores historical status as business role model, with focus on industrial transformation and upgrades