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Back in the August last year, village cadres began offering farmers a seven-day tutorial that introduced WeChat and e-commerce channels, helping the locals with the product sales. Since the first group completed the crash course, over 100 villagers from Lingtou village in Shanxi province — the village is home to about 400 —have received training and launched WeChat stores. A few enjoy annual sales of up to 50,000 yuan.

Bank of China said in a statement on Wednesday that it had consulted with US exchange operator CME Group and the latter confirmed that its crude oil trading product would settle at $-37.63 a barrel. This means that some investors would not only lose all their principal but also owe a huge amount of cash to the bank.

Back in 2012, when Brookings ranked the world's cities according to the size of their economy, only 48 cities in China made the list of 300. According to this year's report, 103 cities in China were on the list, exceeding the number in North America and western Europe.

Barrett refused to say if she would recuse herself if, in the days after joining the Supreme Court, she has to review any legal challenge to the results of the election.

Bank of Jiangsu Co Ltd, a city commercial lender whose total assets reached 2.05 trillion yuan, also recorded an increase of 54.39 billion yuan in its retail loans from the end of last year to 324.92 billion yuan at the end of June. The balance of its retail loans accounted for 34 percent of its total loan balance.