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Economy

Economy

China’s Outbound Foreign Investment Posts Modest Decline Since Start of 2020

Published 19 hours ago - CBNEditor

The latest official data from the Ministry of Commerce (MOC) points to a slight fall in China’s outbound foreign investment levels in 2020 amidst the adverse economic impacts of the COVID-19 pandemic.

Finance

Finance

Chinese Brokerages See Net Profits Drop 50% On-month in August

Published 23 h ago - CBNEditor

Chinese brokerages have seen a sharp plunge in their net profits in August compared to the preceding month.

Digital Economy Makes 67.7% Contribution to Chinese GDP Growth

Published 24 h ago - CBNEditor

The digital economy accounted for over two-thirds of China’s GDP growth in 2019 according to the latest raft official data.

Economy

Economy

China Remains Germany’s Biggest Export Market amidst EU Policy Shift

Published 24 h ago - CBNEditor

China’s Ministry of Commerce (MOC) has touted its ongoing status as the biggest export market for Germany, following shifts in the foreign policy settings of key European powers.

Economy

Economy

Over 80% of the World’s Nations Recipients of Chinese Foreign Investment in 2019

Published 1 d ago - CBNEditor 2

A new report from the Chinese government on outbound foreign investment indicates that more than 80% of countries and regions around the world were recipients of funds from China in 2019 despite a YoY slide in total volume.

Fintech

Fintech

Suning Finance Teams up with XWBank to Provide Digital Supply Chain Financing to Small Business

Published 1 d ago - CBNEditor

The finance vehicle of Chinese retail giant Suning has entered an agreement with a leading digital bank in China to provide digital supply chain financing to micro-and-small enterprises.

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