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At the same time, valuations in the bond market are starting to look attractive. Chinese real estate developers make up about half of the Asian high yield universe. As at the end of March, China property high yields had risen by 500 basis points on average this year for credit rated BB, and 700 basis points for Bs, as global liquidity dried up and caused significant price dislocations.

At the "Smart Nanjing" center, run by the Nanjing Municipal Commission of Economy and Information Technology, Li spoke highly of the center using internet-based technologies to get government approvals done online, calling it a highlight for administrative streamlining.

At the moment, the non-performing loan ratio is 2.75 percent among small and microenterprises, 1.7 percentage points higher than among large enterprises. The non-performing loan ratio for small businesses granted credit of less than 5 million yuan (7,000) is even higher, making it difficult for banks to cover the risks with returns, Yi said.

At that scale, an influx of 50,000 Amazon employees could have a huge impact on Pittsburgh’s culture — much more than on Los Angeles, New York, Atlanta, Denver or other large cities also in the running for the project.

At present, foreign buyers are paying close attention to the situation in China. However, due to the above reasons, the delivery time in the beginning of the year cannot be confirmed, and a certain percentage of orders will be delayed. If uncertainty in the recovery of industrial capacity remains in March, it may have a certain degree of impact on new orders for the month, which can further affect production activities in the following two quarters.