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Chinese financial regulators will continually encourage commercial banks to develop innovative debt instruments and replenish capital, in order to meet regulatory standards and strengthen their ability to absorb losses, said senior officials.

Chinese policymakers innovatively started the reform and opening-up policy in 1978 to eliminate the constraints of a planned economy, nurture private sectors and advance state-owned enterprise reforms step by step.

Chinese and foreign students who submitted winning entries in a postcard-design contest were recognized at an awards ceremony in Guangzhou, Guangdong province, on Friday.

Chinese commercial giant Suning.com Co said the sales of disinfection cabinets, dishwashers, and vegetable washers surged 133 percent during the Lunar New Year holiday (Jan 24－Feb 2). Electric ovens, water purifiers, steam mops, air purifiers and air fryers were also favored by consumers.

Chinese companies invested .39 billion in Brazil last year, an increase of 13 percent year-on-year. Both countries have already begun to intensify their cooperation in infrastructure, energy and telecommunication business development, data from the Ministry of Commerce show.