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China Set to Contain Regional Debt Risk via Assessment-based Quotas

Domestic sources expect regulators to accelerate efforts to contain hidden local government debt risk, after the issue was heavily stressed by the...

Chinese Tax Cuts Exceed USD$386 Billion in 2020

China says it pushed through a copious volume of tax cuts in 2020 as part of ongoing efforts to spur the economy...

China Launches Legal Measures to Support Chinese Firms Abroad in Response to US Sanctions

China has unveiled new measures that seek to prevent the application of "inappropriate" foreign laws to Chinese individuals and companies operating in...

China’s Housing Minister Flags Eight Key Themes for Real Estate Policy in 2021, Stresses Development of Rental Housing

The head of the Ministry of Housing and Urban-Rural Development (MOHURD) has provided an outline of the authority's policy plans this year,...

China Will Vie for Title of World’s Financial Centre, Renminbi Could Become Global Reserve Currency: Ray Dalio

The co-chief investment officer of the world's largest hedge fund expects China to emerge as a potential contender for the world's financial...

China’s Foreign Reserves Exceed USD$3.2 Trillion at End of 2020

Official data indicates that China's foreign reserves posted a modest increase in the final month of 2020.

Chinese Commerce Minister Reveals Plans to Spur Consumption, Expand Foreign Trade and Opening in 2021

The head China's Ministry of Commerce (MOFCOM) said that driving consumption and further expanding the external opening of the Chinese economy will...

Shanghai, Beijing and Shenzhen Top List of China’s Top 50 Cities in Terms of 2020 GDP

Shanghai and Beijing have topped a new ranking of China's leading cities in terms of estimated economic output in 2020.

Beijing Issues Directive to Spur Automobile and Rural Consumption Post-COVID-19

The Chinese central government has just issued a directive to drive the consumption of automobiles and household goods as part of efforts...

Chinese Central Bank Calls for Stronger Macro-prudential Regulation of Online Finance at Inaugural Work Meeting for 2021

The People's Bank of China (PBOC) has sent a raft of key policy signals at its inaugural work meeting for 2021, including...

China’s Greater Bay Area Hopes to Attract More “Tech Immigrants,” Allow Foreign Citizens to Found Tech Enterprises

The Guangdong province capital of Guangzhou has flagged the launch of trials to attract more foreign talent to its tech sector.

China Frees up Overseas Lending for Domestic Enterprises, Targets Core Technologies Abroad

The Chinese central government hopes to facilitate overseas expansion by domestic enterprises by freeing up offshore lending.

Latest stories

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.