Tuesday, May 24, 2022

Wages at Large-scale Chinese Urban Enterprises Rise over 10%

China's urban workers have seen a sizeable increase in their wage levels despite the economic impacts of the COVID-19 pandemic. The average income of...

WeBank Launches “WeBank Blockchain” Brand, Explores Use of Blockchain Innovations to Service Real Economy

Tencent-backed private digital lender WeBank has highlighted efforts to use innovations in blockchain technology to better improve its ability to service China's real economy,...

China’s Consumer Finance Market Expected to Hit over $4.2 Trillion by 2025: McKinsey

The Chinese consumer market is expected to exceed USD$4.2 trillion in scope within the next several years according to a report from consulting firm...

Leading Monetary Policy Economist Calls for China to Stop Buying US Treasuries

A leading Chinese economist has called for Beijing to suspend its purchase of US treasury bonds on the grounds of worsening Sino-US relations as...

Big State-owned Banks Re-open Their Shanghai Branches

Multiple banks in the Chinese financial hub of Shanghai have recommenced operation following the imposition of strict COVID-19 lockdowns at the start of April....

People’s Daily Convenes Summit on Common Prosperity in Hangzhou

The flagship newspaper of the Chinese Communist Party (CCP) has held a summit on Xi Jinping's "Common Prosperity" policy in the affluent coastal province...

Wages at Large-scale Chinese Urban Enterprises Rise over 10%

China's urban workers have seen a sizeable increase in their wage levels despite the economic impacts of the COVID-19 pandemic. The average income of...

China’s Consumer Finance Market Expected to Hit over $4.2 Trillion by 2025: McKinsey

The Chinese consumer market is expected to exceed USD$4.2 trillion in scope within the next several years according to a report from consulting firm...

Leading Monetary Policy Economist Calls for China to Stop Buying US Treasuries

A leading Chinese economist has called for Beijing to suspend its purchase of US treasury bonds on the grounds of worsening Sino-US relations as...

People’s Daily Convenes Summit on Common Prosperity in Hangzhou

The flagship newspaper of the Chinese Communist Party (CCP) has held a summit on Xi Jinping's "Common Prosperity" policy in the affluent coastal province...

China’s 5-Year Benchmark Interest Rate Sinks 15 Basis Points in May

The five-year reading for the latest round of benchmark interest rates in China has seen a 15 basis point decline. The loan prime rates...