A new report from Tencent Financial Technology indicates that Shanghai residents and millenials dominated consumer spending via Tencent platforms during the traditional Chinese holiday season.
The latest official data indicates that the coastal financial hub of Shanghai provides the highest minimum wage in China when broken down by province-level administrative entity.
The mega-cities of Beijing, Guangzhou and Shanghai are amongst the Chinese urban centres posting the lowest first home loan rates in July, despite an ongoing campaign by the central government to contain housing markets.
Chinese investors in online peer-to-peer (P2P) lending platform PPMiao have staged protests at the Shanghai office of one of its key shareholders, as problems in the sector continue to intensify.
New data from the National Bureau of Statistics (NBS) reveals which province-level regions in China are host to the highest levels of consumer spending.
The latest official data indicates that average disposable incomes in the Chinese mega-cities of Beijing and Shanghai have breached the 30,000 yuan (approx. USD$4430) threshold.
The Shanghai municipal government is driving further opening of its financial sector with the launch of a slew of new reform initiatives.
China’s National Bureau of Statistics and its local offices have just issued the average disposable income figures for all of mainland China’s 31 province-level entities in the first quarter of 2018.
A new report from one of China’s leading think tanks indicates that the megacities of Beijing, Shanghai and Shenzhen grab the king’s share of venture capital investment in the country.
A new report indicates that many Chinese cities are about to undergo peak population expansion, as established urban centres start to see easing or even negative growth.