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As a new first-tier city, Chengdu's strengths lie in its thriving industries, vibrant business environment and promising potential.
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 a maritime member state of the Association of Southeast Asian Nations, or ASEAN, the Philippines is keen to explore new opportunities as China works to revive the ancient maritime Silk Road that once passed through Southeast Asia, said Delia D Albert, former foreign secretary of the Philippines. The 21st Century Maritime Silk Road is a key component of the BRI which also includes the land route of the Silk Road Economic Belt.
As excess capacity has weighed on China's overall economic performance, cutting overcapacity has been high on the reform agenda. In 2016, China completed both its annual targets for coal and steel capacity reduction ahead of schedule.
As an early backer of Hellobike, GGV Capital told the South China Morning Post a merger between the top players in the country's bike-sharing industry is probably inevitable, as it will ensure scale and put companies on a path to profitability.
