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Bank of America Merrill Lynch expects China to require 2 to 4 trillion yuan (5-630 billion) in green investments because the country has the incentive to avoid coal use so as to contribute to global emission savings.

Bank of Communications said in a report that land sales also have become vigorous in small cities as more developers that used to focus on core urban regions have started to shift their strategies.

Baidu reported though that its revenue in the second quarter reached 26.3 billion yuan (.84 billion), up 1 percent year-on-year, beating analysts' expectations of 25.8 billion yuan compiled by financial markets data provider Refinitiv.

Bear Grylls launched outdoor event "Go Adventure with Bear" with his young readers in China. [Photo provided to chinadaily.com.cn]

Bao said the evaluation was mainly based on company's product research and development process with criterion relating to research content, research methods, and many other aspects.