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Another two commercial banks listed on the main board also encountered a similar situation last month.

Another new plant will open in Tianjin soon with production planned to start in August. FAW-Volkswagen has also announced strategic partnerships with IBM, Huawei and the Research Institute of Tsinghua University, so that it can continue to innovate on the technological front, particularly with regard to digital transformation.

Apart from funding support, the foundation will contact medical experts around the world to seek their professional guidance to promote the project's development.

Apart from providing low-cost funds to small banks, the central bank will also urge commercial lenders to increase support for small businesses by implementing policies under China's Macro Prudential Assessment framework, Liu said.

Another interesting nugget: The device will reportedly use Fringe Field Switching (FFS) technology from E Ink subsidiary Hydis, allowing low-power color screens to be read in direct sunlight. Amazon has openly poked fun at the iPad’s screen glare in videos and ads including this one from last fall.