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"Essentially, the debt problem is related to development issues, which should prevent the liquidity crisis in the short term and ensure adequate capital in the long term."

"Environmental protection in the iron and steel industry has made positive progress in the past decade, and emissions of pollutants such as sulfur dioxide and particulate matters from per metric ton of steel production have dropped by more than 60 percent," said Li Xinchuang, president of the China Metallurgical Industry Planning& Research Institute. He made the comments at the 2018 China Iron & Steel Energy Saving and Emission Reduction Forum in Beijing on Saturday.

"Economic restructuring is gathering pace with the upgrade of traditional industries and the fast expansion of emerging industries. The overall improvements in corporate profits has also contributed to the tax increase," said Bai.

"Data show that about 80 to 90 percent of rural startups may be on the verge of failure at one time or another. With the contraction of the market, an overflow of returnees from urban areas may crowd the arena," he said during an interview with Time Finance, an online financial news portal.

"Even though supervision has been bolstered and the number of bikes is decreasing, there is still robust market demand. Startups could avoid the dilemma that Ofo faced through rational management."