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Economy

Economy

Harvard Study Finds Chinese Citizens Increasingly Satisfied with Government Performance

Published 5 hours ago - CBNEditor

A Harvard study has found that its independent surveys of Chinese citizens point to rising levels of satisfaction with the performance of the government since the turn of the century, on the back of improvements of their material well-being.

Fintech

Fintech

Chinese Central Bank’s Digital Currency Unit Enters Strategic Agreement with Ridesharer DiDi Chuxing

Published 8 h ago - CBNEditor

The digital currency research unit of the Chinese central bank has entered a strategic agreement with ridesharing giant DiDi Chuxing.

Economy

Economy

Guangzhou Launches Three Year Plan for New Infrastructure Development, Outlines USD$37.14 Billion in Initial Investment

Published 9 h ago - CBNEditor

The Guangdong province capital of Guangzhou has launched a new “project library” for undertakings that are part of China’s new infrastructure development drive.

Banking

Banking

China’s State-owned Banks Prepare Themselves for the Impact of US Sanctions

Published 9 h ago - CBNEditor

Sources say China’s biggest banks are readying contingency plans in case Washington proceeds with a slew of sanctions against them over Beijing’s launch of a National Security Law (NSL).

Economy

Economy

Chinese University Graduates Had Average Monthly Income of USD$777.30 in 2019

Published 10 h ago - CBNEditor

Official data indicates that Chinese university graduates had an average monthly income of over 5400 yuan in 2019, for a rise of more than 23% in four years.

Finance

Finance

Tsinghua University Report Calls for China to Extend Transitional Period for New Asset Management Rules until 2022

Published 11 h ago - CBNEditor

A new report from the Chinese central bank’s finance school has called for an extension of the transitional period for key asset management rules designed to curb the excesses of the shadow banking sector.

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