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Reducing leverage ratios in the country's corporate, government and household sectors will remain a major task of the CBIRC, he said.

Recently, Trump's economic advisory team also reached a consensus to offer more power to the committee on foreign investment through the legislation to tackle the so-called unfair trade and investment behavior of China.

Reducing number of foreign students could harm economy, experts warn

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Racist abuse and attacks toward the East Asian community have reportedly increased as a result of the coronavirus crisis. It is feared such remarks could fuel more bigotry, as the deadly virus spreads around the world.

ROK and the DPRK held a groundbreaking ceremony for the inter-Korean railway reconnection project in December 2018, but construction works had been delayed amid the international sanctions toward Pyongyang.

Raymond Tsang, a Bain & Company partner, told Xinhua News Agency he is upbeat about the growth and profitability prospects of China and other Asian developing countries, as consumer confidence gradually recovers and service quality improves.

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Recent peaceful demonstrations have easily descended to violent incidents and quickly spread to more areas in Hong Kong, with rioters tearing down public facilities, assaulting police officers with deadly weapons, vandalizing shops, and attacking residents.

ReNeuron’s CTX cell therapy program has been trialed on people living with chronic disability following a stroke. In the trial, some patients showed improvements on the Rankin Scale, which is a measure of disability and dependence upon others in carrying out daily activities.

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ROK President Moon Jae-in holds his New Year news conference at the presidential Blue House in Seoul on Thursday. JUNG YEON-JE/REUTERS

Regarding the nation's growing popularity of shared bike market, TAILG has also planned to launch its own model in June, which is a time-shared rental electric bike and scooter.