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China National Gold Group Co Ltd has rooted out 31 so-called zombie companies so far - enterprises that are heavily in debt or rely on bailouts to survive.

China and northern European countries already established cooperation partnerships in 2017 in the fields of entrepreneurship and business, sustainable development, research and education and cultural communication, said Svein Thorstein Berg, managing director of Nordic Innovation, who looks forward to deeper cooperation between China and northern European countries.

China aims to establish a pricing mechanism and pricing policies in favor of green development by 2020. By 2025, the pricing mechanism will be further perfected and fully implemented, said the NDRC.

China Shenhua, the country's largest coal miner, reported net profits of 45 billion yuan, up more than 98 percent from a year ago, citing high coal prices thanks to the capacity cuts.

China also saw more enterprises applying for patents in H1, said Hu Wenhui, spokesperson for the administration.