Financial risks

THE central bank said Friday that it would step up evaluation of financial risks as the coronavirus has brought challenges to the economy and the country’s financial development.

It will adopt comprehensive measures to ramp up the disposal of nonperforming loans, and deepen the reforms of small and medium-sized banks and work to replenish their capital, the People’s Bank of China said in a statement on its website.

Mobile apps

THE number of mobile apps expanded in the Chinese market in the first four months while those for music and video reported robust downloads.

About 3.59 million mobile apps were available in China by the end of April, up 2.2 percent month on month, data from the Ministry of Industry and Information Technology (MIIT) showed. Mobile games continued to lead the apps in number, accounting for 24.6 percent of the total, followed by daily tools, e-commerce and life services apps. Music and video apps reported the most downloads, followed by mobile games, daily tools and social networking and communication tools, the MIIT data showed.

Transport investment

CHINA’S fixed-asset investment (FAI) in the transport industry declined in the first four months, registering a growth in April alone, official data showed.

Total FAI in the sector amounted to 679 billion yuan (US$95.21 billion) in January-April, edging down 8.6 percent year on year, with FAI rising 18.2 percent year on year to 299.9 billion yuan in April, according to data from the Ministry of Transport. Investment in highway construction and inland waterways in the first four months stood at 473 billion yuan and 14.8 billion yuan, respectively. Meanwhile, the FAI in coastal construction was 13.1 billion yuan in the period, data showed.