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Domestic and overseas acquisition is another strategy CCCC has adapted to optimize its resources. So far CCCC has acquired John Holland Group, one of Australia's biggest engineering contractors, oil and gas industrial giant Friede and Goldman Ltd in the United States and Greentown Property Group in the domestic market.

Didi Chuxing Friday afternoon announced the nationwide suspension of its hitch service. The service is designed for commuter cost-sharing.

Despite the sharp decline in major industrial profits, Tang added some structural opportunities still exist.

Domestic service companies that offer preferential recruitment to the impoverished will be able to receive one-time subsidies from local governments, and people who left home to work in the sector during the COVID-19 epidemic will be able to receive subsidies for travel and living expenses, it said.

Disciplinary watchdogs at the city and district level established a joint investigation group on Sunday, dispatching five teams to government departments to collect evidence. The group is also coordinating with the police to investigate how the building could have been built and used without any government objections, the authorities said.