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An undated photo shows an elderly woman dining at a nursing home in Hangzhou, East China's Zhejiang province. [Photo by Sun Yidou/Provided to China Daily]
An unbearable burden
And all countries, he said, need to guard against the risks of drastic adjustments of asset prices. Could China's corporate sector, which has a relatively higher leverage level, spark the next financial crisis after the GFC a decade ago?
An overhaul of the two sites was requested and their operators asked to deliver a written report on their rectification and improvement, the administration said. Further actions were pending.
Analysts polled by Reuters expect Japan's economy to shrink an annualised 22.0% in the current quarter, which would be the biggest decline on record and underscores the collapse in activity that is expected to see the worst global slump since the Great Depression of the 1930s.
