The many faces of the robot. [Photo provided to China Daily]
The losses weighed on banks for years, and similar events may be repeated during the novel coronavirus pandemic as major retailers file for bankruptcy protection or simply refuse to pay rent.
The lower house will hold a second vote before the bill can move to the Senate for two votes, most likely before the legislature goes into a two-week recess on July 18.
The main text of the CEPA agreement was signed between the Chinese mainland and Hong Kong on June 29, 2003.
The majority of SOEs will raise their investment in areas such as green industries, new materials, cloud computing, big data, artificial intelligence, the internet of things, mobile applications, integrated circuits and other fields to continuously stay competitive, as sustainable growth and digitalization have become key drivers of the future Chinese economy, said Zhang Chunxiao, a research fellow at the National Academy of Governance.
The likelihood of benchmark deposit and lending rate cuts, however, is "very low", Zhu added.
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The law was passed unanimously on Tuesday by the National People's Congress, China's top legislature.
The majority (523) reported having purchased at least one drone from DJI, while 260, or 41 percent, have bought one or more DJI Phantom models. Two hundred and 11 agencies, or 33 percent, have bought one or more DJI Inspire models.
The local authorities sent ships and divers to help with the search and rescue operation, which is still underway.
The low risk, for private-sector financiers, derives partly from efforts by government and multinational development bank vehicles that contribute the first, and most risky dollars, to each project.