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Among these, 95 percent of centrally administered State-owned enterprises reported restoration of work. Close to 70 percent of the city's 51,000 foreign companies reopened, while 93 percent of the 217 multinational corporations with headquarters in Shanghai resumed activities.

An investment consortium led by sovereign wealth fund China Investment Corp has acquired a majority stake in a natural gas pipeline unit from Brazil's state oil company Petrobras SA.

An early investor in Ofo, Allen Zhu with GSR Ventures, said Saturday at a forum continuing to burn cash to compete in the bike-sharing market is meaningless for Mobike and Ofo and only results in a huge loss, adding that mergers are a complicated process. He also said where mergers are concerned investors, entrepreneurs, shareholders and users have to balance their interests and benefits, according to Securities Daily.

An explosion occurred at a chemical plant in Lanzhou, Gansu province, on Tuesday and triggered a fire. Firefighters have rushed to the site for rescue work.

An 80-year-old passenger was exempt from punishment, partly due to her age, after she tossed a handful of coins toward the engine of an aircraft on Tuesday.