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During the first three quarters this year, 24 private companies incurred bond defaults, losing 67.41 billion yuan (.69 billion), according to the central bank. In the same period, total bond issuance from the private sector stood at only 402.9 billion yuan, down 17.6 percent year-on-year.

During the 13th Five-Year Plan (2016-20) period, China's fiscal policy has remained largely proactive, focusing more on stimulating domestic demand and facilitating supply-side structural reforms, they said.

During the first two months of this year, China's new yuan loans totaled 4.24 trillion yuan (7.6 billion), increasing by 130.8 billion yuan year-on-year, according to the People's Bank of China, the central bank.

During the past few days, the region has been hit by winds, sandstorms, rain and snow.

During the past month in India, wild animals have been spotted in deserted urban areas thanks to nearly a fifth of the world's population remaining indoors in a nationwide lockdown to inhibit the spread of COVID-19.