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The bad loan ratio edged up 0.03 percentage points to 1.46 percent, but the increase was milder than the average growth for Chinese commercial banks.

The bank was among hundreds of thousands of foreign businesses from across the world that sought opportunities in the modernization and transition of the country. From carmakers to internet companies, numerous bold and farsighted investors reaped huge benefits.

The bill issuance, however, helped the yuan recover with spot exchange rates firming up by 146 basis points.

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The average temperature in China in July was 22.9 C, 1 degree higher than the recent Julys. Extreme highs were recorded at 94 monitoring stations across the country, mainly in Gansu, Hubei, Jilin, Liaoning and Shandong provinces, and 24 stations registered record highs.

The ballooning robocall problem is catalyzing telecom companies, regulators, and lawmakers. T-Mobile and Comcast are teaming up to detect robocalls between the two networks. AT&T and Comcast have a similar partnership but they haven’t rolled out their new authentication tools yet.

The back and forth between Trump and Biden laid bare the rising political stakes for each man, even with the election about 17 months away.

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The bay of Bengal Sea's eastern coast town is seen aftermath of the cyclone Fani , 65 km away from the eastern Indian state Odisha's capital city Bhubaneswar, on May 7, 2019. [Photo/IC]

The author is secretary-general of the British East Asia Council and a winner of China's Friendship Award in 2013. The views do not necessarily reflect those of China Daily.

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The authorities will also continue to expand infrastructure investment and optimize its structure, aiming to boost the supply of services, such as education and medical care, as well as to support the new energy vehicle industry.

The bank launched an online financing system for high-tech startups in September last year, enabling borrowers to apply for loans online. The lender is able to verify prospective borrowers' credentials, needs and other aspects like financial capacity and growth potential, and then decide if it is prudent to extend a loan.