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Areas affected by landslides are seen after a powerful 7.5 magnitude earthquake, in Hela, Papua New Guinea February 26, 2018 in this picture obtained from social media. [Photo/Agencies]

Approximately 13.75 billion yuan worth of nonperforming assets had been recovered over the period, representing an 11.6 percent increase year-on-year.

Approvals and fund management will also be curbed in this field. All funds must come from approved budgets, and there will be no tolerance for those who embezzle special-purpose funds, raise money from staff members or pay the expenditure through bank loans and other channels.

As COVID-19 dealt a heavy blow to traditional trade models, cross-border e-commerce has become a major driving force for stabilizing foreign trade, said Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges.

Apple CEO Tim Cook said that he was "deeply disappointed" by the guest-worker ban. "Like Apple, this nation of immigrants has always found strength in our diversity, and hope in the enduring promise of the American Dream," Cook tweeted in June.