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Olijia said the Lucky Money series has been one of the bureau's most successful cultural products and "it's extremely well received".

Ofo has so far completed nine rounds of financing valued at over billion, attracting industry leaders and major investment institutions such as Alibaba, Didi Chuxing, Ant Financial and Matrix Partners.

Official data show that the Chinese banking sector disposed of a total of 3.48 trillion yuan (0.41 billion) in nonperforming loans during the past two years.

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Officials and experts attributed the development to a steady economic rise and a higher-quality labor force.

On Friday more measures were introduced in an attempt to improve government services and offer more financing channels, especially for public private partnerships.

Ofo declined to comment when contacted on Monday. However, in February, the company pledged to replace its mechanical locks to pre-vent illegal use by children after Shanghai traffic and education authorities called for improved safety.

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Of course, if you happen to be one of those free spirits who would rather carry a purse, be my guest. All the more room to pack your makeup and cupcake recipes, big fella.

Officials, particularly high-ranking local leaders, should enhance poverty relief efforts and departments involved at the central level should research and formulate an action plan for the poverty fight, map out the timeline and roadmap for the fight over the coming three years and offer effective guidance, Xi said.

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Official data show that over the past five years, the Chinese mainland's GDP rose from 54 trillion yuan (.5 trillion) to 80 trillion yuan, contributing more than 30 percent to global economic growth.

Official data on Sunday showed profits of China's major industrial firms dropped 19.3 percent year-on-year in the first five months of 2020 due to the impact of the COVID-19 epidemic.