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Yuen Sin-pang promotes his products at a fair held in Guangzhou, Guangdong province. PHOTO/CHINA DAILY

Yet activities of small manufacturers continued to contract this month, while the floods have affected some businesses in terms of transport, storage and other areas, Zhao added.

Yin also pointed out that the average Chinese paid fewer visits to cinemas than people in many other countries.

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Yue Qiaoyun sells peaches via livestreaming. [Photo by Zhao Ming/chinadaily.com.cn]

Yet both non-performing loan (NPL) balances and NPL ratios of the 37 listed banks continued to rise due to a combination of macroeconomic slowdown, increased risk exposure to industries burdened with overcapacity, and adjustments to commodity prices, the report said.

Yi, who is also head of the Office of the Financial Stability and Development Committee under the State Council, highlighted the need to facilitate reduction of the real lending rate, using the newly-introduced loan prime rate as a guide to transform the loan pricing system.

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Yu urged other countries, including the US, to improve cooperation with China in drug control, including sharing more data and police intelligence with Chinese authorities.

Yuan turned his company into an online school in 2016, realizing the internet offered more possibilities.

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Yi highlighted in the article the need to prevent "monetization of the fiscal deficit", a situation in which the central bank pays for the government's debt.

Yet the art form was on the rise in China. After a video of Chinese-American comedian Joe Wang roasting at the White House Correspondents' Dinner went viral in 2011, comedy clubs started springing up across China.