Monday, January 17, 2022

China’s Banking Regulator Hails Complete Removal of Guaranteed Principal and Non-compliant Wealth Management Products in 2021

The China Banking and Insurance Regulatory Commission (CBIRC) has hailed the success of efforts to wring out moral hazard in relation to bank wealth...

Chinese Central Bank Calls for Greater Support for Dual Circulation Policy, More Active Government Management of the Economy

A senior official from the Chinese central bank has flagged greater support from the financial sector for China's "dual circulation (双循环) economic policy, while...

Digital Renminbi App Downloads Exceed 12 Million Since Making Debut on Major Platforms

Downloads of a trial digital renminbi app have surged well past the 12 million threshold since it mades its debut on major sales platforms...

Chinese Online Retail Sales Surge over 14% in 2021, Account for Nearly 1/4 of Consumer Sales

E-commerce flourished in China in 2021, posting double-digit growth as the COVID-19 pandemic continued to roil the global economy China posted total online retail...

China Will Continue to Expand High-level Economic Opening in 2022: Ex-Commerce Minister

China's former commerce minister has highlighted its commitment to further opening of the national economy in 2022. "Looking ahead to 2022, China will continue...

Foreign Investment in China Rises Nearly 15% in 2021 to Breach Trillion Yuan Threshold

China continues to see robust growth in foreign investment levels to fresh record highs, despite worsening relations with the US and other major trading...

Chinese Central Bank Calls for Greater Support for Dual Circulation Policy, More Active Government Management of the Economy

A senior official from the Chinese central bank has flagged greater support from the financial sector for China's "dual circulation (双循环) economic policy, while...

Chinese Online Retail Sales Surge over 14% in 2021, Account for Nearly 1/4 of Consumer Sales

E-commerce flourished in China in 2021, posting double-digit growth as the COVID-19 pandemic continued to roil the global economy China posted total online retail...

Foreign Investment in China Rises Nearly 15% in 2021 to Breach Trillion Yuan Threshold

China continues to see robust growth in foreign investment levels to fresh record highs, despite worsening relations with the US and other major trading...

Chinese Foreign Trade Hits Record Level in 2021, Breaches $6 Trillion Threshold

China's foreign trade levels have breached the USD$6 trillion level for the first time on record, according to the latest data released by the...

China’s Money Supply Growth Decelerates at End of 2021

Growth in the Chinese money supply decelerated in year-on-year terms at the end of December according to the latest official data released by the...