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As China aims to build a group of world-class, role-model SOEs that lead in high quality development, this move will boost the government's ability to further shift its role from managing SOEs to managing their assets and serving the real economy, said Li Jin, chief researcher at the China Enterprise Research Institute in Beijing.

Around 11 am, two fires were reported in Xikouzi forest farm. The local forest fire brigade sent more than 150 firefighters to extinguish the fire.

Are you sitting on the couch looking at your tablet, or walking with your phone in your pocket?

As China tries to transition its economic growth model to one that draws strength from innovation, the last thing that the regulator wants to do is to turn away firms in the new economy sector, which has contributed to a growing share of the economy.

As China boosts trade with Latin America, it is increasingly interested in developing a robust infrastructure network in the region that can efficiently and cost-effectively ship goods and products from producing centers to export hubs along South America's pacific coast.