Friday, October 30, 2020
Tags Novel coronavirus

Tag: Novel coronavirus

China Only Major Economy to Grow in 2020 amidst 4.4% Global Contraction: IMF

A new report from the International Monetary Fund (IMF) expects China to be the only major economy to achieve growth in 2020...

Household Financial Assets in China Rise 7.4% During Spread of COVID-19

A near ten percent rise in deposits has driven a sizeable increase in the financial assets of Chinese households during the first...

Chinese Economists Upbeat about COVID-19 Recovery in Q3 2020: CASS Survey

A new survey conducted by one of China's leading think tanks found that respondents expect the Chinese economy to stage a substantial...

China’s Big Six State-owned Banks See Double Digit Net Profit Decline Following COVID-19

The big state-owned banks in China have seen a major drop in net profits due to the impacts of the COVID-19 pandemic...

Chinese Power Consumption Rises to Record High in August, NDRC Hails Sign of Post-COVID 19 Economic Recovery

Chinese electricity consumption levels have lifted to an unprecedented high in the month of August, with the central government pointing to the...

Chinese Industrial Enterprises See 4.8% YoY Profit Rise in Second Quarter

Industrial enterprises in China have seen their profit levels post robust growth in the second quarter of 2020 despite the economic impacts...

Moody’s Expects Asset Quality of Chinese Banks to Be Hit by COVID-19 Before End of 2020

Rating's agency Moody's expects the impact of the COVID-19 pandemic on the asset quality of banks to make themselves apparent in six...

IMF Should Use SDR General Allocation to Deal with COVID-19: Chinese Central Bank Governor

Yi Gang (易纲) governor of the Chinese central bank, has published an essay calling for the International Monetary Fund (IMF) to make...

China Steps up Government Bond Issuance in 2020 to Deal with COVID-19 Impacts

The Chinese government has highlighted a sharp increase in the issuance of sovereign bonds at various levels in order to mitigate the...

COVID-19 Spurs Foreign Companies to Accelerate China Investment Ambitions

The spread of the COVID-19 pandemic may be having the unexpected effect of spurring foreign companies to accelerate their plans to expand...

Most Read

Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...