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China's financial regulatory body is planning to require "too big to fail" conglomerates to replenish capital and meet new regulatory requirements, a measure to prevent cross-market risk contagion and continually reduce the corporate debt level.
China's manufacturing sector is still in the medium stage of industrial modernization, with big differences in automation and digital capabilities among different sectors, regions and companies, leading to different market demands, according to a report released by CDF organizer, the Development Research Center of the State Council and Bosch Group.
China's meteorological authority has issued a blue alert, the lowest in a four-tier warning system, for heavy rains in effect for Tuesday and Wednesday.
China's economy is bouncing back to growth after a steep slump from the COVID-19 pandemic with better-than-expected indicators in the second quarter, said Yan Pengcheng, director of the Department of National Economy at the National Development and Reform Commission, during a news conference in Beijing on Friday.
China's economy is experiencing a "pretty solid V-shaped recovery" amid the COVID-19 pandemic that has crippled the world's economy, said BHP Group CEO Mike Henry to CNBC on Aug 26.
来源：资阳报