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Zhou Xiaochuan Denies that Belt and Road Is Debt-trap Diplomacy

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The former governor of the Chinese central bank has addressed accusations that China's much vaunted Belt and Road Initiative perpetrates a form...
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Economy

Beijing Issues New Directive to Support Private Enterprise Growth Post COVID-19

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The Chinese central government has just issued a new directive to support the development of private enterprises in China and help them...
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Economy

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

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Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...
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Economy

Renminbi Internationalisation Will Be Guided by the Market, Regulators Must Reduce Cross-border Restrictions: Chinese Central Bank Head

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The governor of the People's Bank of China (PBOC) has highlighted the key role of market forces in broader efforts to expedite...
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Economy

China’s Elderly Population Will Exceed 300 Million During 14th Five Year Plan

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Data from the Ministry of Civil Affairs (MCA) indicates that China's population of elderly people is on track to approach a third...
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Economy

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

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China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).
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Economy

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

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Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...
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Banking

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

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Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...
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Economy

China’s Live Streaming E-commerce Market Set to Breach 1 Trillion Yuan in 2020

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A new report from KPMG and Alibaba sees the live streaming e-commerce market in China exceeding one trillion yuan (approx. USD$150 billion)...
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Economy

Chinese Housing Prices Enter the “10,000 Yuan Era”

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Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....
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Economy

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

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China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...
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Economy

Chinese GDP Growth Rises to 0.7% in Third Quarter

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China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...
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Latest stories

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

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The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...
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ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

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ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...
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Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

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Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.
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Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

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