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It provides flexibility and liquidity for banks to remove their NPLs, especially retail NPLs. Existing regulations ban financial institutions from selling their retail NPLs to distressed asset management companies, but there are no such restrictions on securitizing these NPLs, according to Moody's.

It is this sort of massive transfer of expertise that is exciting local businesses.

It is an inevitable trend for Chinese brands to enter the global market in the long term, an analyst from Guosheng Securities said. Innovative efforts in product design and material are of increasing importance to meet global challenges.

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It is also in Hunan that the central agricultural department has established a chili pepper research center, and new varieties of peppers are constantly bred, grown and nurtured.

It is the first time for the NPC Standing Committee, the top national legislature, to host a special inquiry for the two top judicial authorities. In previous bimonthly sessions, government officials, including those from environmental protection and development and reform authorities, have attended.

It marked the seventh time in the past 37 weeks that the number has dipped below 800,000.

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It is predicted more bonds will be issued in the future.

It is the city's clean water that ensures a good environment for the peanut worms.

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It is perhaps the variety of this fusion of traditional Chinese elements and Western themes that has recently propelled the work of many Chinese designers into the spotlight, increasingly in the luxury sector. Nowhere is this more true than in the latest collections of Wang Yuhan, which proved a hit at London.

It is expected that the goal of lifting all impoverished people in China out of poverty will still be achieved by the end of the year despite the influence of the COVID-19 pandemic, he added.