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Banks are scrambling for deposits to sustain the growth trend, as data show deposits only grew at around 8 to 9 percent this year, falling behind of credit growth, which grew by around 12.8 to 13 percent.
BYD President Stella Li said that that the partnership will create new financing alternatives to a broader range of clients.
Barnes & Noble and Microsoft aren’t giving a lot of details on their plans, but already the partnership is raising speculation about the possibility of a Windows-based e-reader from Barnes & Noble and Microsoft.
Baker told China Daily: "A lot of instructors in higher education are very attached to a traditional model of lectures and tests or lecture environments that they can't replicate in an online setting because it's just really hard to have a discussion with over 15 people on Zoom compared to in a classroom."
Backed by Chinese retailer Suning Commerce Group Co Ltd, Jiangsu Suning goes a step further than China's private banks that were established over the past two years.
来源：资阳报