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Disposal of loss-making zombie companies' debt will be accelerated, with improved policies for debt disposal and perfected system for law-based bankruptcy by removing barriers obstructing bankruptcy according to law, while merger and restructuring of companies will be actively promoted, said the guideline.

Didi statistics show that there are around 4.67 million vehicles in the capital city, however there are only 3.82 million parking spaces.

Diao Daming, associate professor at School of International Studies of Renmin University of China, said China-US relations have made tremendous progress over the past four decades. Diao said such decadeslong ties do not necessarily guarantee that there won't be new issues or disputes. But during the past 40 years, the two countries have found the key to their relations — that cooperation is the best choice for both sides.

Despite the temporary impact of the COVID-19 epidemic on economic activities in China, business leaders have expressed confidence that the Chinese economy and the global economy will recover soon after the epidemic subsides, and in the long run, China's ability to attract foreign investment will not be dampened.

Details of the drug seizures were announced two days ahead of the International Day against Drug Abuse and Illicit Trafficking, which falls on June 26 every year.