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China and Russia are expected to deepen cooperation in the nuclear power plant sector with a general contract for the construction of Unit 3 and Unit 4 of the Xudabao nuclear power plant to be signed soon.

China aims to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.

China Huarong's profit attributable to equity holders decreased by 94.9 percent year-on-year to 684.6 million yuan (.74 million) for the six months ended June 30. The company's annualized return on average equity attributable to equity holders dropped from 22.6 percent year-on-year to 1.11 percent in the period. Its annualized return on average assets also dropped from 2.1 percent to 0.12 percent, according to its 2018 interim results announcement.

China First Heavy Industries Co, one of centrally-administrated SOEs which supplies technical equipment, high-tech products and services to a number of industries such as steel, non-ferrous, electric power, energy and automobiles, encountered financial losses in 2016, saw its net profit jump 165 percent year-on-year in 2018, after steadily deepened supply-side structural reform and adjustment of its operation mode.

China and Vietnam should maintain high-level contacts, strengthen strategic communication, and deepen experience sharing on party and state governance, he said.