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Several departments, including the Ministry of Civil Affairs and the State-Owned Assets Supervision and Administration Commission of the State Council, initiated the annual event in 2012 to promote the development of charities in the country.

Shared bikes flood the city streets, diners pay for meals on their smartphones, electric cars whizz down the roads: in the rapidly shifting picture of China's new economy, foreign companies are not absent.

Shanghai Pudong Development Bank Co Ltd's Shanghai branch was fined 1.5 million yuan, as its credit card cash installment service was used for non-consumption activities in 2016 and 2017. Also, the bank did not conduct due diligence to verify applicants' income.

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Shanghai's goal of becoming an international hub for economy, finance, trade, shipping and technology innovation will be accomplished by the end of this year, Ruan Qing, deputy director of the Municipal Development and Reform Commission, said at a meeting on Wednesday.

Shanghai-based co-working service provider Distrii also launched its flagship workspace in downtown Shanghai on June 15. The space, which can accommodate 772 seats, is the largest among the 19 spaces that Distrii currently has in the city. During the opening ceremony of this space, its founder Hu Jing announced the company's A+ series financing which amounted to 150 million yuan ( million).

Shares of Apple, which had traded at all-time highs ahead of the earnings report, were down about 2 percent at 4.55 in after-hours trading on Tuesday.

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She also assured Chinese entrepreneurs that the Albanian government would take concrete initiatives and measures to assist the Chinese companies as well as to create a favorable and stable business climate.

Shanghai Pudong Development Bank Ltd, China Citic Bank Corp Ltd and Bosera Asset Management Co Ltd are among the first 10 institutions to have such services go live. Ant did not disclose whether or how it charges businesses commission fees.

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Severe consecutive droughts in Inner Mongolia, the main area for sheep production, have greatly increased feeding costs and led to the decline of both farmers and sheep, Yu said.