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Compared with other prototypes being used in the world, the Blue Whale series of products are 30 percent more efficient and 10 percent less energy consuming.

Compliance, in a broad sense, means not only satisfying requirements of laws and regulations, but meeting investor expectations over information disclosure as well. The latter could be more important but has been overlooked by many Chinese firms.

Companies and employers who fail to pay migrant workers would be placed on a national blacklist and could face punishments, including limiting their access to government financial support and government purchases and bidding, and preventing them from enjoying favorable taxation policies, he said.

Companies such as Shenhua Group are upgrading their technology to produce coal-based chemicals. In the clean energy sector, natural gas and non-fossil fuels account for nearly 21 percent of total energy consumption last year, up 6.3 percentage points over the past five years, a record, he said.

Concerns related to trade frictions and slowing global growth are also denting appetite for high-risk financial products, according to experts.