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Based on the evaluation results, local regulatory authorities decided to put Mengna on a list of companies that banks should support through difficult times using an interbank consultation mechanism, to prevent risk spreading further to Mengna's guarantors.

Banks were unable to make profits from loaning to safe customers at low interest rates, so they made housing and consumer loans to people with bad credit at very high interest rates. Eventually, this boom led to the housing market collapse and the global financial crisis of 2008.

Base chief Zhang Zhihe said the panda, named Su Su, was 34 years of age when she passed away on June 2.

Based on CPC disciplinary regulations, Liu has received punishments, including expulsion from the CPC, removal from his administrative post, demotion to a non-leadership position at the divisional level, and confiscation of his ill-gotten assets.

Baidu started trials of its Apollo Robotaxi fleet in Changsha in September, with the first group of 45 self-driving taxis officially starting trial operations on urban roads. It is also China's first group of autonomous driving taxis managed by Baidu's Vehicle to Everything (V2X) system.