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China's banking and insurance regulators at the local level are encouraging banks to count loans overdue by 60 days or more as nonperforming loans, with the aim of better disclosing the risk situation of the banking sector and urging banks to further improve asset quality.
China will remain a competitive supply chain choice for foreign firms as it has a broad spectrum of strong upstream suppliers and downstream clients, said Julien Hueber, executive vice-president of Industry Solution and Project Business Group at Nexans, the French cable manufacturer. The company, supported by over 26,000 employees globally, started to run a new laboratory in its Suzhou plant last month.
China will hold a video conference with more than 10 European countries on Thursday night to share its experience in tackling the novel coronavirus outbreak, Foreign Ministry spokesman Geng Shuang announced.
China's annual cultural fair is making an increasing impact worldwide, with the number of visitors and overseas buyers reaching a record high, according to the organizing committee.
China's central bank on Monday boosted liquidity by 120 billion yuan (.5 billion) through open market operations to ease liquidity pressure. [Photo/IC]
来源：资阳报