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Shanghai Pharmaceuticals acquired Australian healthcare products maker Vitaco for 938 million yuan (0 million) in August last year.

Shaanxi has also become a destination for foreign investment, with ASEAN countries having set up 266 companies in the provincial capital Xi'an and investment totaling nearly 5.76 billion dollars.

Shanghai's next round of development will see the playing field levelled,enabling overseas companies to compete more freely in the market

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Shanghai's meteorological department at 12 pm on Thursday raised the alert level of typhoon from blue to yellow, the third most severe condition on China's four-tier warning system, following orange and red.

Several commercial banks' wealth management subsidiaries, including ICBC Wealth Management, PSBC Wealth Management and CMB Wealth Management, have started allowing first-time buyers of wealth management products to assess their risk tolerance through the online channels of each subsidiary from last month. Till then, first-time buyers had to take a risk tolerance assessment at bank branches.

Several studies have shown that the cancer rate "has increased between 10 and 30 percent" among people who were exposed compared to those who weren't, said David Prezant, New York fire department chief medical officer.

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Shanghai officially launched a comprehensive portal for administrative services in October 2018, which applied technologies such as blockchain, AI and big data.

Shanghai ranks No 1 in terms of financial openness and development level of the funding sector. Beijing is the strongest in capital market utilization and capability of talent absorption. Shenzhen, meanwhile, is the most developed in the development of local financial institutions, risk management capability and financial policies.

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Shanxi had been a major focus of the nation's poverty relief campaign, due to its large area of impoverished regions.

Shanghai announced it will increase its monthly minimum salary standard by 5 percent to 2,420 yuan per month starting April 1.