The privately held company said it will convert .65 billion in debt to equity and has secured 0 million in financing from current lenders. Last year's annual sales totaled about .5 billion.
The prices of the means of production rose 3.3 percent year on year, contributing 2.47 percentage points to the PPI growth in November.
The president said he is willing to work with Michel and promote new progress in building four major China-EU partnerships for peace, growth, reform and civilization in order to benefit the people of China and the EU and make greater contributions to the development and stability of the world.
The premier visited the administration's department of product quality supervision in Beijing and spoke with officials.
The project stretches for 55 kilometers, 20 times the length of San Francisco's Golden Gate Bridge, and it will shorten the four-hour drive from Hong Kong to Zhuhai to half an hour. Construction started in 2009. It is designed to withstand a magnitude 8 earthquake, a super typhoon with wind speeds of 184 to 202 kilometers per hour.
The prime minister told reporters that the government would launch a probe into the crash.
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The products can be used in such industries as autonomous vehicles and solar energy.
The project is a part of routine protective renovation and will adhere to the principles of preserving cultural relics without changing their condition and minimum intervention.
The president also met with the relatives of the victims as they arrived at the Forensics Institute in Havana to help identify their loved ones.
The president called the newspapers "a disgrace" and "the Enemy of the People," rhetoric he has used frequently during his tenure in the White House.