Tong Hanfang's mother puts medicine on his father's feet on Aug 29, 2014. [Photo by Tong Hanfang for chinadaily.com.cn]
Top executives of China's four largest State-owned commercial lenders have reiterated that the country's economic fundamentals remained sound, while the overall asset quality of lenders has seen only a limited impact from the novel coronavirus epidemic.
Traditionally, the people of the region have to leave their families behind to find employment in other parts of the country and overseas.
Travel-related stocks that are vulnerable to COVID-19 related curbs dropped. The S&P 1500 airlines index fell 3.7% and cruise line operators Carnival Corp and Royal Caribbean Cruises Ltd shed more than 9% each.
Total assets expanded 6.3 percent to 94.9 billion yuan at the end of June.
Toyota, in a notice dated Aug 13, told its workers the company would halt production at its plants in Bengaluru in southern India on Aug 16 and 17 "due to low market demand of vehicles" and high stock of about 7,000 vehicles.
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Tourism Board executive director Dane Cheng Ting-yat said an enhanced version of A Symphony of Lights – the daily light and sound show over Victoria Harbour – would be launched once the clock strikes 12. Smaller-scale rooftop fireworks are planned on Hong Kong Island.
Total profits of central SOEs was 887.79 billion yuan in the first half of this year, an increase of 166 billion yuan, or 23 percent year-on-year.
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Total outstanding MLF loans reached 4.4 trillion yuan as of the end of June.