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Banks should be cautious and seek ways to weather the storm, says Tan. While offering loans with stocks as collateral has been big business for many Chinese investment banks, he says Bocom is tightening the approval of such loans although the demand is there.

Based on previous regulations, any automakers that have stopped production for 12 months or more must get through the production qualification inspection conducted by the Ministry of Industry and Information Technology before resuming production.

BUENOS AIRES, Argentina - They are in their ninth decade of life, but the rhythm of tango still thrills in the legs of Oscar and Nina.

Bamou village in the Baise city of South China's Guangxi Zhuang autonomous region has become a popular tourist destination thanks to its agricultural tourism development. [Photo provided to China Daily]

Banks that offer reasonable amount of credit to the struggling private sector benefit by way of a lower RRR, which helps them to lend more and earn more.