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SHANGHAI, June 20 (Xinhua) -- China will speed up the development of TD-LTE, the nation's fourth-generation (4G) telecommunications technology, during the next two years, an official with the country's top economic planning agency said Wednesday.

Boosted by the news, CSR Corp., the country's biggest train maker, gained 4.13 percent to 4.04 yuan as of 11 a.m.

Floods may cause greater damage this year and the possibility of massive floods along the country's rivers cannot be ruled out, the office of the state flood control and drought relief headquarters was quoted as saying in a report by the People's Daily.

The country's crude oil production in the January-July period reached 117.35 million metric tons, down 1.3 percent year on year. Its crude oil imports grew 10.2 percent to 161.9 million metric tons in the first seven months, showed customs data.

Jia also called for strengthened protection of local cultural heritages while urging the local government to make full use of rich cultural resources to develop the cultural industry.