In the first quarter, the number of companies in dissolution was 253, and the value of registered capital of these companies amounted to 85 million patacas, according to the report.

"From 1977 to 2005, it took nearly 30 years for the company's research and development team to solve the product's dissolution problem, because low dissolution rate would mean it will take longer for the drug to take effect, leaving less time for doctors to save lives.

"The procedures of dissolution of labor contracts started on Monday," she said.

Meanwhile, the draft revision has taken steps to enhance workers' democratic management and better safeguard their legitimate rights and interests, such as requiring companies to consider the opinions of employees when contemplating dissolution and bankruptcy.

The relocation of CSSC headquarters to Shanghai signifies a new development pattern and Beijing's dissolution of non-capital functions, said Hao Peng, chairman of the State-owned Assets Supervision and Administration Commission.

PSA said in a statement that the dissolution of the joint venture will not change anything regarding DS' presence and development in China.

Zhao Zhipeng, vice-president of marketing in carrier network business group at Huawei, said AR demands the dissolution of the boundary between the physical world and the virtual world.

The BOC will continue to step up efforts on clearance and dissolution of non-performing loans, the report said.