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At the business forum, Evelyn Anite, minister of state for privatization and investment said Uganda welcomes Chinese enterprises into the agriculture sector with open arms, noting that government has set up many incentives to make the sector lucrative.

At the end of the first quarter, the NPL ratio of the banking sector was 2.04 percent, up 0.06 percentage point from the beginning of the year. Ratios of nonperforming loans for small businesses which were hard-hit by the pandemic and for companies engaged in catering and lodging increased relatively faster, said Xiao Yuanqi, chief risk officer at the China Banking and Insurance Regulatory Commission.

At the same time, about 41,700 village officials who had been subject to criminal punishment or had problems such as involvement in gangs were removed from their posts.

At present, the production lines of LCD panels are mainly concentrated in Asian countries, such as China, South Korea and Japan. Analysts said Foxconn's Wisconsin facility marks its biggest expansion into the US and will help the manufacturing giant expand its sales of large-sized LCD TVs in the US market.

At the master class, Zhang will share his views on the importance of passion and innovation in film-making with director Jia Zhangke, the initiator of the festival.