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Behind the recovery in profits were boosted sales and reduced costs, Zhu Hong, an NBS official, said in a statement. "Sales growth quickened sharply in May, with industrial revenue up 5 percent from a year earlier, versus a decline of 0.7 percent in April."

BeiGene will acquire Celgene's commercial operations in China and assume commercial responsibility for Celgene's approved therapies in China and the pipeline agent CC-122.

Beijing reiterated on Wednesday its strong opposition to any form of exchanges between officials of foreign countries and Taiwan.

Before Andy Jassy rose through the ranks of Amazon.com to lead the company’s powerful AWS cloud computing unit, the executive served as Jeff Bezos’ technology assistant. It was an unusual experience to say the least, but Jassy got a one-of-a-kind look at the long-term thinking entrepreneur and what makes him tick.

Beijing will treat foreign investors similarly to domestic investors, will maintain a negative list that bars some economic activities, improve trade access and relax restrictions on the service trade in the Beijing-Tianjin-Hebei region where conditions permit, said Beijing Vice-Mayor Yang Jinbai.