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The State Council has issued a circular detailing a pilot reform program for cutting the approval time for starting construction projects to improve the business environment and cut red tape. [Photo/VCG]

The Shanghai Intellectual Property Court has ordered a Shanghai-based Chinese company to pay a record high compensation of 15.05 million yuan (.2 million) to a European software company for infringement of copyright.

The Shenzhen Component Index closed 4.03 percent higher at 9,235.39 points.

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The THAAD, which comprises an X-band radar that enables the United States to snoop on half of China's territory and the southern part of Russia's Far East, breaks regional strategic balance and runs counter to the endeavor to achieve denuclearization on the peninsula as it merely adds complexity to the situation all the more.

The Shanghai and Shenzhen bourses announced on Monday that the first trading day after the extended Chinese Lunar New Year holiday has been postponed to Feb 3.

The Supreme Court held that the challengers had failed to show that the travel ban violated either US immigration law or the US Constitution's First Amendment prohibition on the government favoring one religion over another.

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The Treasury plan is on par with the 0 billion 2008 bank bailout or the nearly 0 billion 2009 recovery act. The White House proposal aims to provide a massive tax cut for wage-earners, billion for the airline industry and 0 billion for small businesses. But nothing is set in concrete, and all the pressure is for the package to keep growing.

The State Council has pledged to reduce fees by 310 billion yuan (.69 billion) this year to cut corporate burdens and protect jobs and businesses.

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The Treasury report, titled Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, said China has an “extremely large and persistent” bilateral trade surplus with the US, with goods trade surplus standing at 5 billion in 2017. But it noted that China runs trade deficit with many other economies.

The Taycan, an electric sports car from Porsche, and its charging pole are displayed at the second China International Import Expo in Shanghai. [Photo by Zhang Dandan/China Daily]