Sunday, April 11, 2021
Home Economy

Economy

People’s Daily Calls 2021 the Inaugural Year of Carbon Neutrality in China

The flagship newspaper for the Chinese Communist Party (CCP) has referred to 2021 as the "inaugural year of carbon neutrality" following the...

Beijing Calls for Use of 5G, Blockchain and Big Data to Drive Growth in Smart Manufacturing

A slew of China's top central government bodies have issued a new directive calling for the increased use of emerging technologies to...

ICBC Underwrites China’s First Rural Village Revival Notes

China and the world's biggest bank in terms of assets is providing support to the Chinese government's campaign to drive growth and...

JD.com to Acquire Majority Stake in Delivery Platform Dada Group

Chinese e-commerce platform JD.com plans to make a major investment in on-demand delivery platform Dada Group.

Tencent Emerges as China’s Leading Start-up Investor with 40% Surge in 2020

Chinese tech giant Tencent dramatically expanded the number of start-up enterprises it took stakes in last year, emerging as a leading player...

Digital Renminbi Provides Highest Level of Privacy Protection to Users But Anonymity Can Only Ever Be Partial: Chinese Central Bank

The head of the Chinese central bank's digital currency unit says that the Digital Renminbi will seek to protect the privacy of...

Three Chinese Banks Launch Emissions Reductions Products Including World’s Biggest Issue of Carbon Neutrality Bonds

At least three of China's banking sector financial institutions have launched carbon neutrality financial products amidst broader efforts to drive the growth...

Chinese Central Bank Chief Flags Maintenance of Normalised Monetary Policy, Surging Support for Green Finance

Yi Gang (易纲), governor of the People's Bank of China (PBOC), has signalled the continuation of regular monetary policy in 2021 amidst...

US Banks Poured Billions into China in 2020

America's bulge bracket financial institutions invested heavily in China in 2020 despite worsening Sino-US relations during the spread of the COVID-19 pandemic....

Huawei to Help Drive Creation of “Digital Yunnan”

The south-western province of Yunnan has turned to telecommunications giant Huawei to help advance its digitisation ambitions.

China’s Automotive Aftermarket Exceeds Trillion Yuan Threshold

China's automotive aftermarket remained in robust health in 2020 despite the initial headwinds created by the COVID-19 pandemic.

China Leads Drafting of First International Standard on Internet of Things Fintech

China has led the drafting of the world first international standard on Internet of Things (IoT)-related financing.

Latest stories

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....

China’s Services Exports Surge over 20% since Start of 2021, Imports Plunge by More Than 18%

China has seen a sharp rise in its exports of services since the start of 2021, in tandem with a plunge in...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...