There are an estimated 2,000 to 5,000 cash loan companies in the market, of which only dozens are licensed, Xinhua-run Economic Information Daily reported.
The yuan is expected to strengthen against a basket of currencies in the near term, buoyed by economic fundamentals and anti-cyclical measures to keep the yuan stable, as well as the interest rate gap with the United States, said Cao.
There are around 400 million middle-income people in China whose purchasing power will likely become one of the most important driving forces behind overall consumption. Their consumption pattern is key to China's economic development.
The-83-year-old is a household name in China, well known for being the first person to identify the Severe Acute Respiratory Syndrome, or SARS virus during the 2003 outbreak.
There are still some parts of China that haven't met the requirements for reducing pollution and providing cleaner air. China has taken many steps to reduce harmful emissions and go green, so I hope the Party congress will remember to make considerable efforts in this area.
The worldwide pandemic is changing how some global luxury goods makers and high-end US retailers are trying to survive.
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The yield on the US Treasury’s 10-year note fell below 0.7 percent for the first time, but closed at 0.71 percent.
Their lives are in despair, as some had to beg for food and water from street vendors who previously sold food for tourists visiting Lombok's popular beach before the earthquake.
The zoo will conduct physical checks for the pandas every month. The panda house in the Qinghai-Tibet Plateau Wild Zoo is scheduled to open to the public later this month.
There are nearly 6,000 oil and gas companies in the free trade zone of east China's Zhejiang province, boasting 31 million cubic meters of storage capacity.