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China aims to phase out 150 million tons of coal capacity this year. As of the end of May, around 97 million tons of coal capacity had been cut, accounting for 65 percent of the annual goal.

China Road and Bridge Corporation external communications officer Zhao Yang said an environmental management plan was strictly adhered to during its construction and proper green measures were adopted, such as solid waste and sewage disposal, shock absorption and sound insulation.

China International Capital Corporation echoed the forecast in a report, noting that the CPI might stay muted in the near term, as agricultural supply side reform might continue to depress food prices and the headline CPI until the fourth quarter, which lowered the probability of aggressive monetary tightening.

China Vanke, a realty firm, bought a branch of Xidan Department Store in Shilipu, Beijing, in 2016 to convert it into an office complex, it said.

China National Offshore Oil Corp, also known as CNOOC, has provided 73,700 tons of petroleum products during the Spring Festival holiday to provinces like Hubei and Zhejiang. Its 43 gas stations in Hubei are in service and have provided 4,900 tons of petroleum products to the region to help buffer the impact of the novel coronavirus outbreak.