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Copper, also considered an indicator of economic activity because it is widely used in electrical products and construction, fell 1.73 percent.

Cooperation will be carried out in fields including nuclear, wind and solar power and smart grid and power connectivity, he added.

Considering his "extremely despicable" motive, "extremely cruel" criminal mean and "extremely negative" effect to society, "we've made the ruling and decided to give him the sentence," the court added in the statement.

Construction of a testing project for intelligent-connected and new energy vehicles began in Shaoguan, Guangdong province, on Thursday.

Covestro is not alone in terms of expanding its business ambitions in the world's second-largest economy.