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Another central bank report showed that businesses posted improving profitability in Q2, with the index surging to 49.6 from 22.3 in Q1.

AppThwack announced this morning it was acquired by Amazon Web Services to help developers test their phone apps?in the?cloud.

Apart from the involved countries' efforts to seal the Regional Comprehensive Economic Partnership within this year, Wei said the European Union is capable of coping with the pressure created by the United States and signing a high-level bilateral investment agreement with China before the end of this year. It will bring abundant benefit to both sides and the global economy, he said.

Another participant at the signing ceremony was Beijing Sanyuan Food Co Ltd, a leading dairy producer in northern China. So far there are 10 member companies cooperating with the center.

Anta Sports Products Ltd, the mainland's largest sportswear retailer by market value, posted record annual profits for a third year in a row as its multi-brand strategy paid off and the company gained from the rising demand for sportswear and sporting goods in the country.