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The risks in the industry is "controllable in general," but authorities should not underestimate risks arising from particular areas, the statement said.

The resolution is scheduled for a vote on Wednesday. It is the second step in a three-step process for the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL), a much-anticipated piece of infrastructure that will merge the Hong Kong SAR into the Chinese mainland's high-speed rail networks.

The sales network has been streamlined as well, and Yang said he expects Borgward to introduce new business strategies with the help of new investors. Borgward announced plans in September to make inroads into the US market in 2021 as part of its global expansion strategy. It has been exporting its vehicles since 2016.

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The reports are part of the update of the China Financial Sector Assessment Program (FSAP). The IMF and World Bank launched the FSAP in 1999 to gauge the stability and soundness of the financial sector, the regulatory framework of member economies and financial sector's potential contribution to growth. China went through its first FSAP exercise in 2009-2011.

The revision and formulation of related Party regulations represent the latest achievement in exercising strict governance over the Party since the 18th CPC National Congress, the statement said.

The same day, prosecutors in Dandong, Liaoning province, formally charged businessman Spavor on charges of stealing and illegally providing State secrets to overseas entities.

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The resumption of hog production has made headway, with the breeding sows in stock expanded by 9.8 percent from the end of 2019, he said.

The report, A Fine Year for FinTech: Global Trends from a UK Perspective, compares countries and cities around the world, in terms of deal value, deal count, and sources of investment. It reveals the United States is in first place, with a deal value of .37 billion, followed by the United Kingdom, with .29 billion, and Germany, with 8.8million. China, with 0.8 million of deals, was fourth and Sweden, with 6.7million,was fifth.

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The rising international use of the renminbi and China's strong position as a large external creditor also contributed to its stable sovereign ratings, the world's biggest rating agencies indicated.

The same is true in Africa. When Tillerson landed in Addis Ababa, capital of Ethiopia, on Wednesday on his first leg of the trip, he would be surprised to see a shiny and modern light rail system that was built by China Railway Group Ltd and began operation in 2015, a year I made a reporting tour to the promising African nation.