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Bank loans to financial institutions dropped sharply when the central bank announced a "conditional" reserve requirement ratio or RRR cut for some commercial banks, to support small and micro enterprises, startups and agricultural production since next year.

Banks will decide whether to support a company or not based on such factors as its management, its credit records in the past, and the qualities of the entrepreneur.

Backed by the new China Export and Credit Corporation, the financiers contributed over 0 million towards the development, which will provide critical electricity supplies to Zambia and will enable the country to move away from its heavy reliance on seasonal hydro-generated energy.

Based on past examples of support from local administrators, Tongcheng set up a post-doctoral research station at its headquarters last year, to many people's surprise.

BYD is the world's largest electric vehicle manufacturer, as well as the largest electric bus maker in North America.