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As a result, nonperforming loan ratios of local banks in these regions may increase. Furthermore, a decline in the banks' asset quality may lead to a fall in their loan loss provision coverage ratios and even capital adequacy ratios, said Lu in an article posted on his WeChat official account.

As a platform of Sino-German bilateral cooperation, the Sino-German Agricultural Centre was established in 2015, aiming to promote the cooperation between the two countries in the agriculture and food sector and to support China's sustainable agriculture development as well as dialogues on agricultural related issues of common concern.

As a permanent member of the Security Council and a major responsible country, China will remain actively engaged in seeking political settlement of regional and international hot-spot issues, support and participate in UN peacekeeping operations, and play a positive and constructive role in maintaining world peace and stability, Ma said in his remarks.

As a vanguard of reform and opening-up for decades, Guangzhou has been in the lead in promoting the Belt and Road Initiative, which comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road designed to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond.

As an expat, I'll concede, however, that it's relatively easier to register on and use tech-driven Chinese apps, websites and services. Last month, I was aghast to note India's new-age mobile and internet services provider does not accept a valid passport as proof of identity to issue a new SIM card. It insists on an ID that India's Supreme Court had already ruled is inessential or optional. Suffice to say the Chinese ecosystem is definitely better geared to innovate technology for making life easier for common people.