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The bank's latest financial results showed a 14.98-percent year-on-year rise in net profits, which came in at 37.42 billion yuan (.3 billion) in H1.

The auto giant said that by 2030, it will have manufactured 700,000 fuel cell systems.

The bill speeds up the usual procedure by calling for the members of the electoral body to be designated within 15 days of the law's approval.

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The author is China Daily's correspondent based in Sydney.

The basic tone of next year's policies would be to maintain stability, meaning the key economic indicators including GDP growth, employment rate, inflation and other indexes "need to avoid big ups and downs", said Liu Wei, president of Renmin University of China and a member of the central bank's monetary policy committee.

The aviation industry was badly hurt by the COVID-19 pandemic but has experienced a healthy recovery thanks to effective control of the virus in China.

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The bank has secured funding for several infrastructure projects from a Chinese bank, said Rojo, though he declined to say which.

The audio-sharing portals also set up livestreaming audio broadcast columns that allow audiences to consult medical experts for free on both epidemiological and mental health issues.

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The benchmark Shanghai Composite Index was down by 1.82 percent to 3309.26 points at the close, while the Shenzhen Component Index dropped by 1.26 percent to 10246.97 points. The ChiNext Index, which tracks startup stocks in Shenzhen, managed to recover some of its losses on Wednesday, gaining 1.14 percent after hitting a three-year low in the previous day.

The average daily cargo delivery volume in June exceeded 10 million tons, setting a new high record for the monthly average of daily cargo delivery volume this year.