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As China's largest construction and real estate conglomerate and biggest building work contractor, CSCEC is taking the long lead in China's international contracting business.

As Liu concluded in the letter, Shanghai has already grown into an important driver of China's economic development. The city is striving to be a new hub of financial opening-up by exploring integration among finance, technology and industries, he said.

Apple is not only killing it in the stock market and in the living room. The company’s top brass also is winning the respect of employees, with Apple CEO Tim Cook recently being named the most respected tech CEO in the country. According to a report by Glassdoor, Cook scored an approval rating of 97 percent among employees.

Apple Inc's latest iPhones are receiving better-than-expected pre-orders in China, with analysts saying that the lower prices and more color options are boosting sales despite the US tech giant's mounting competition with local rivals.

Around two-third of the loans the NDB will take to its board for approval in the period from 2017 to 2021 will be for sustainable infrastructure development. This is the key target of the bank's strategy.