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Analysts said the new regulations will facilitate M&A involving listed companies, and will improve quality of listed companies, shore up the structural upgrade of the economy, and contribute to the healthy development of the real economy.

Angola Caculo Cabaca Hydropower Project is currently the largest hydropower station to be constructed by a Chinese company in Africa, Ren said, adding that upon completion, the project is expected to meet more than 50 percent of the country's electricity needs.

An overview of Taiyuan Heavy Industry Co Ltd's work platform. [Photo provided to China Daily]

And as he refused to concede, Trump said he will go to Georgia to rally supporters ahead of two Senate elections that will determine which party controls the Senate.

Analysts said the tertiary industry, accounting for over half of China's GDP last year, has served as the ballast stone for a stable job market as services, mainly labor-intensive sectors, are more effective in creating new job opportunities than the traditional secondary industry.