In 2016, Chinese courts heard 5,665 bankruptcy disputes, up 53.8 percent year-on-year. Of those, 3,602 were concluded, up 60.6 percent year-on-year, according to the top court.
In 1993 and 1994, people could make 150 yuan () a day from logging, but Zhang could make only 12 yuan a day as a carpenter. As a result of the financial pressure, he quit his job and spent two years cutting down trees.
In 2005, two-year and 10-year yields inverted ahead of a recession. While curve inversions normally precede economic downturns, they don't necessarily signal a recession is imminent. But in the past 50 years, a recession — two consecutive quarters of economic retraction — has followed within 18 to 24 months.
In 1967, the emergency law was used five times to deal with riots. In 1973-74, the law was used eight times to deal with the energy crisis, including the introduction of daylight saving time, or "summer time", during the energy crisis in 1974, she noted.
In 2015, Microsoft had the most acquisitions of any big tech company.
In 2014 the influential media outlet The Paper raised doubts about the case. The day their report was released, the Jilin Provincial Supreme Court posted on Weibo that it would re-open the case. In March this year, the court said that the evidence against Jin was insufficient and that it would retry the case.
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In 2007, China banned pangolin hunting, and since October it has suspended all commercial imports of pangolins and related products.
In 2013, the EBRD warned in its annual transition report that a failure to restart a reform process could leave emerging economies trailing behind their more advanced neighbors.
In 1955, Lui founded K Wah Construction Materials Limited. He then became a major player in the construction of Kwun Tong, taking on around 80 percent of infrastructure projects.
In 1978, an average Chinese spent less than 6 yuan on catering, however, per capita consumption on catering amounted to 2,852 yuan in 2017, according to the association's calculation.