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By the end of February, the nonperforming loan ratio of commercial banks in the country was 2.08 percent, up by 0.06 percentage point from the beginning of this year. The provision coverage ratio of commercial banks stood at 181 percent, and the capital adequacy ratio was 14.6 percent, showing that China's banking and insurance sectors are highly resilient to risks, Zhou said.

CHANGSHA -- Yuan Longping, a globally renown agronomist known for developing the first hybrid rice strains, celebrates his 90th birthday today, in accordance with the traditional Chinese lunar calendar.

By then, these indigenous components could be of high enough quality to be exported to foreign countries, Qu said in an exclusive interview with China Daily. He said once the target is met, it will lay down a strong foundation for Chinese parts makers to expand their presence.

By examining the paintings and literature of 17th century China, the exhibition offers insights into the ephemeral world portrayed in the play The Peach Blossom Fan (1699), which narrates a tragic tale of dynastic collapse, lost futures and social disarray.

By joining hands with Changan Automobile and Jiangling Motors the first model of Aiways is now poised to roll off the production line by the end of September, Fu said.