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As a result, nonperforming loan ratios of local banks in these regions may increase. Furthermore, a decline in the banks' asset quality may lead to a fall in their loan loss provision coverage ratios and even capital adequacy ratios, said Lu in an article posted on his WeChat official account.

As a typical part of the interaction economy, the IT industry needs to grow in an open, inclusive and diversified cultural environment, which coincides with the vibes of most coastal and central cities. Therefore, the top 10 cities in China's 2018 ranking for IT radiation are Beijing, Shanghai, Shenzhen, Chengdu, Hangzhou, Nanjing, Guangzhou, Fuzhou, Ji'nan and Xi'an, which are either major big cities or coastal cities. The employment in IT, the number of IT companies listed on the main board, the SME board, and the second board in those 10 cities account for 53%, 76%, 60% and 81% of the country's total, respectively.

As confirmed global COVID-19 cases exceeded 6 million as of May 31 with over 368,000 deaths, the pandemic has placed great pressure on the company's overseas operations. Yet it has withstood the challenge thanks to effective preventive measures, said Xiang Jian, a CTCE information official.

As an international metropolis, Beijing received nearly 1.2 million inbound tourists in the first four months of the year.

As a multinational company, we are delighted to help facilitate the upgrading of China's manufacturing industry and grasp the market opportunities generated by cooperation. The Belt and Road Initiative has also set a great example for international cooperation. This will strengthen the foundation for the long-term stable growth of the world's economy.