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As a result, nonperforming loan ratios of local banks in these regions may increase. Furthermore, a decline in the banks' asset quality may lead to a fall in their loan loss provision coverage ratios and even capital adequacy ratios, said Lu in an article posted on his WeChat official account.

As crossover branding is now a hot trend for many sectors across the world, Devialet, the French acoustic engineering technology specialist known for audio products including high-end speakers, unveiled its latest product – Phantom Reactor Opéra de Paris in China to further enhance its market presence. [Photo/Devialet]

As Shang Wangli tied an apron on and got down to work, much of the city was still fast asleep.

As a result of a significant number of store closures – both own- and partner-operated – and a traffic reduction within the remaining store fleet, revenues in China have been about 80 percent below the prior year's level, between Chinese New Year on Jan 25 and the end of February.

As for the first-tire cities, more than 70 percent of bankers hold the sales of houses will rise or level off, and more than 80 percent of bankers estimate housing prices will rise or level off, down from the proportions of 90 percent and 92 percent last year.