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The authorities will also subsidize car purchases for people upgrading from gasoline-powered vehicles with a national emission standard of three or below to speed up the phasing out process. The construction of parking lots and charging piles will be stepped up.

The author is head of the regional center for the Belt and Road Initiative at the Institute of International Politics and Economics in Belgrade, Serbia. The views do not necessarily reflect those of China Daily.

The bank charged small and microenterprises an interest rate of 5.26 percent on average as of June 30, and the rate dropped further to 4.64 percent in August, much lower than the rates of lending through other financing channels, according to Yi.

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The average daily number of influenza cases admitted to public hospitals peaked at 350 per day during the seven-day period from July 11 to July 17, and then steadily decreased to 32 per day from Aug. 23 to Aug. 29.

The authorities could extend financing support, export subsidies and tax benefits to the affected enterprises, as well as introduce new clients or sales channels, helping them to overcome the short-term difficulty.

The automotive industry remains prominent this year as usual. Big automakers including Audi and Mercedes-Benz will highlight their all-electric SUVs.

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The beef sent to Shanghai homes via retailers like FruitDay is of the highest quality in terms of tenderness, juiciness, and flavor according to US Department of Agriculture (USDA) standards, and is known as Prime grade.

The average fuel cost in 2019 is expected to be per barrel, it said, citing the Brent Crude price. That is 27.5 percent higher than the .9 per barrel Brent in 2017.

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The bank also conducts off-site inspections and client risk monitoring based on big data and digitized client profiles to categorize risks according to the degree of seriousness and to identify clients worthy of closer inspection, Wang said.

The banking and insurance regulator tightened supervision of such activities as China is fighting a tough battle against financial risks. The China Trustee Association also joined the battle by issuing guidelines for trust companies to improve regulatory compliance and risk mitigation capacity.