In June, financial institutions offered 1.81 trillion yuan (9 billion) of new loans, up from 1.48 trillion yuan in May, the PBOC reported on Friday. The broad money supply, or M2, maintained a year-on-year growth rate of 11.1 percent at the end of June, unchanged from May.
In China, the consumption ratio of wine at social versus family gatherings is about nine to one. But drinking wine at social gatherings has been largely limited due to the epidemic, thus severely dampening wine sales.
In February 2018, the Ministry of Public Security (MPS) launched a two-year campaign to crack down on crimes related to guns and explosives, under which police have solved 16,000 such cases and apprehended 17,000 suspects involved this year, according to the ministry.
In June last year, the US announced the first batch of tariffs on Chinese goods worth billion, triggering an 8.01-percent loss in the Shanghai index. The S&P 500, though, even edged up 0.48 percent over the same period.
In China, the challenge, however, reflects a deep-seated reform of the country's fiscal management system.
In December 2017, the government set the goal of mass-producing chips that run artificial neural networks by 2020, a vital form of software propelling global tech giants' AI ambitions. The policy is a key part of China's ambition to become the world's leader in AI by 2030.
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In Gu's words, supporting private enterprises was not to "follow the fashion" but a significant part of ICBC's efforts to pursue sustainable development.
In China alone, a total of 8.74 million fresh graduates will be looking for jobs this year, a number which has surged a record high 40 percent year-on-year. But they might face a tough time due to the economic uncertainties caused by the pandemic globally.
In India, Chinese brands have together accounted for 51 percent share in smartphone segment as of late 2016.
In February, the Municipal Education Commission and the Municipal Human Resources and Social Security Bureau jointly issued a notice calling on the human resource and social security bureaus of all districts to carry out online recruitment.