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As decision-makers, subbranch managers will approve or reject 90 percent of the applications for one-year working capital loans. For first-time applicants, once their loan applications are approved, it usually takes three days to complete the procedure. After that, client managers will revisit the client within a month to ensure that the loan is used for production and business operation.

As early as 2015, President Xi Jinping gave instructions to set up a China Precision Medicine Strategy Experts Team.

As a major city and a transport hub in Central China, Wuhan faces higher risks of importing COVID-19 cases, Wang said, adding that targeted plans and measures should be formulated to prevent a possible rebound of infections.

As carmakers and tech companies vie to make better autonomous technology, there already are self-driving trucks and self-driving ride-hailing services.

As deleveraging remains one of the policy priorities this year to crack down on financial risks, new regulations have been launched this year including rules on bond repos and negotiable certificate of deposits, which economists worried could lead to another round of bond sell-offs, as the market rates and bond yields may continue to rise in the near term.