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China's new yuan loans rose to more than 12 trillion yuan during the first six months of this year, up 2.42 trillion yuan year-on-year, according to data from China's central bank, the People's Bank of China.

China's first domestically manufactured cruise liner will be delivered in 2023, followed by a delivery rate of one vessel per year between 2024 and 2028. The cruise liners will be constructed at Waigaoqiao Shipbuilding Co Ltd, a company controlled by CSSC.

China's corporate debt is equivalent to 160 percent of the country's GDP, said Huang Qifan, deputy head of the National People's Congress Financial and Economic Affairs Committee, in June. That means the scale of debt to be converted would be colossal even if a small proportion of the debt is included in the program.

China's official basketball association says it has decided to suspend exchanges and cooperation with the Houston Rockets following a tweet by the team's general manager in support of the so-called pro-democracy protesters in Hong Kong.

China's elderly population has been increasing rapidly and is expected to hit around 400 million by the end of 2035, according to the China Association of Social Security (CAOSS).