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As long as a country has high savings rates, high leverage will not trigger financial risks. Instead, it is a prerequisite for achieving rapid economic growth, as producers will borrow money from households via the lending and bond markets to make investments.

As of Thursday, 28 districts and counties in Chongqing had been hit with heavy rain, with one person dead and another missing. The downpour has affected more than 60,000 people, according to the local flood and drought control headquarters.

As many as 85.2 percent of China's higher education institutes had set up their own institutions to conduct research on ideological and political education as of the end of 2018, the Ministry of Education said.

As of May 8, China's AI enterprises totaled 4,040 and Beijing's Zhongguancun, known for its concentration of tech firms, has become an AI innovation center in the country, according to a white paper released by the Beijing Municipal Commission of Economy and Information Technology.

As noted in court filings, Varghese also provided the letter to GeekWire, and he published it himself online.