Over 100 international participants, including staff from Nordic consulates and expatriates, joined a low-carbon cycling event in Shanghai's Pudong district on May 24. The event aimed to promote climate protection and sustainable living while fostering cross-cultural exchange.
Chinese banks are increasingly using satellite remote sensing to evaluate client assets and reduce credit risks. Postal Savings Bank of China and Chang Guang Satellite Technology recently launched a joint satellite to monitor collateral such as property and vehicles. The technology helps banks assess loan viability and repossession potential, particularly in rural and small business markets where traditional credit records may be incomplete. China's non-performing loan rate stood at 1.5% at end of last year, up from a record low of 0.9% in 2011.
