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Curbs on shadow lending crimp demand for new loans in country

Crew members participate in an emergency drill on the Tian'en vessel of China's COSCO Shipping Specialized Carriers Co., Ltd. in its journey to Europe through the "Polar Silk Road" on Aug 5, 2018. [Photo/Xinhua]

Customers could establish the link between their bank accounts and palm prints by inserting a card the first time they use the terminal and then scan their hands. After that, the terminals would be able to charge customers with a wave of the hand.

Cui Fan, a professor at the University of International Business and Economics, said the move is part of China's long-term endeavors to lower tariffs. Combined with a number of policies released by the State Council to attract foreign investors, the tariff policy is expected to improve the business environment and help boost foreign investment in the world's second-largest economy, he said.

Currently, the backbone grids in Tibet are not all interconnected, meaning the network is unstable. Like Bumba Tsal, many villages still have to put up with power cuts.