The president also said the military relationship between China and Russia is a significant symbol that reflects the high level and special nature of the China-Russia relationship, and also is the highlight and pillar of their bilateral strategic cooperation.
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The project is expected to help the country shift to a more sustainable energy mix, according to information published on the bank's website.
The project, expected to be completed in June 2019, will make the Wuxi factory Yakult's largest plant in China with an area of 31,900 square meters and production capacity of an estimated four million units per day.
The price of cobalt has more than tripled in the last 18 months amid fears of a looming shortage, according to Bloomberg. As more automakers turn to making electric vehicles, they need the scarce blue cobalt for lithium-ion batteries that power the cars because of the metal's ability to absorb high levels of heat.
The prices will increase to 399 yuan and 249 yuan during peak season – all days in July and August, as well as weekends and holidays.
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The production scale of the biopharmaceutical industry reached 40 billion yuan last year.
The projects included equipment maintenance facilities, training areas and schools for military families. Some of the projects are planned within US soil while some are to be located in other countries.
The profit growth of China's commercial banks remained steady. Net profits hit 1.13 trillion yuan in the first half of 2019, up 6.5 percent year-on-year, the CBIRC said.
The project calls for restructuring and renovating the site of an old blast furnace in Shanghai's Baoshan district into a modern convention and exposition center. It is scheduled to complete construction and start operation by October, according to Wang Jiming, president of Baoland, a wholly-owned subsidiary of China Baowu that focus on industrial property development and operation.