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China's M&A activities in 2017 were down 11 percent in value terms compared to the record high of 2016, mainly due to a reduction in outbound deals from the Chinese mainland. At 1 billion, the total value of deals last year was roughly equal to the previous record set in 2015.
China's Dazhong Go, which is part of the Shanghai Dazhong Transportation Group, and Japan's Daiwa Motor Transportation Co Ltd on Wednesday signed a collaboration agreement in Shanghai which would improve the travel experience of their customers in Tokyo and Shanghai.
China's State-owned cultural institutions will adopt a new management system to give them more flexibility and make them more responsive to the public.
China's central bank will take further steps to encourage equity financing and facilitate capital market reforms to diversify financing services in the banking sector, a senior official said on Tuesday.
China's annual refining capacity reached 720 million tons by the end of 2016 and the country has 24 large-scale refineries in operation. It owns critical intellectual property and world-class technologies and has significant experience planning and constructing large-scale refineries, the report said.
来源：资阳报