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As an increasing number of international companies start to do business in China, panda bonds have become an important tool to raise funds to support their domestic projects and operations.

As a result, nonperforming loan ratios of local banks in these regions may increase. Furthermore, a decline in the banks' asset quality may lead to a fall in their loan loss provision coverage ratios and even capital adequacy ratios, said Lu in an article posted on his WeChat official account.

As a cluster of Chinese time-honored brands with a history of more than 700 years, Wangfujing plays a unique role in the capital's commercial circle, said Liu Bing, chairman of the chamber of commerce of Wangfujing.

As a result of this cooperation, both Kenyans and Chinese businessmen have developed mutual understanding through the years. Once the pandemic struck, the collaborative spirit between Kenyans and Chinese businesses operating within the country was set into motion.

As a former full-time housewife, Le had stayed at home taking care of her four children and her husband had to financially support the family of six on his own.