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Cooperation in the fields of energy between domestic companies and global partners has been deepened in the past several years, with Chinese oil and gas companies pushing forward investment, trade, engineering services and capacity cooperation, said Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University.

Conviction can only happen in the Senate and requires at least two-thirds of its members, or 67 senators, to vote in favor after a trial.

Controlling shareholders will be tempted to take these companies private at a much lower price and re-list them in Shanghai where the valuation could be higher than in New York. US investors in these companies will lose out in such privatization processes and become major victims of the HFCAA bill which, ironically, seeks to protect US investors. Since 2010, over 50 Chinese public companies have already been privatized and voluntarily delisted from US exchanges.

Construction of the Tianlong Mountain Grottoes began in 534 and lasted over 1,000 years.