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Chinese commercial banks' PCR, the ratio of provisioning to gross non-performing assets which indicates the extent of funds a bank has kept aside to cover loan losses, stood at a high of 183 percent by the end of the first quarter, Shen said.
Chinese companies never had it so good in M&A as they did last year. They spent 2.5 billion, almost 3.5 times that of 2015, to merge with, or acquire, companies overseas in 920 deals, up 142.1 percent from 2015, according to accounting firm PricewaterhouseCoopers.
Chinese artificial intelligence companies are leveraging their cutting-edge technologies to help fight the novel coronavirus outbreak.
Chinese people also spent more money on cross-border online shopping. NetEase, China's leading cross-border e-business platform, continued its double-digit growth. Maternal and baby products, cosmetics and household products remained the best sellers. Tmall's cross-border turnover grew over 100 percent year-on-year during the holiday.
Chinese model Liu Wen, who joined the 2009 Victoria's Secret Fashion Show, was the first Asian model to take part. After that, He Sui, Xi Mengyao and Ju Xiaowen have appeared in turns in the show. And it is worth noting that He Sui has been strutting down the catwalk for seven years in row since 2011.
