Monday, October 26, 2020
Home Economy

Economy

Chinese Economists Upbeat about COVID-19 Recovery in Q3 2020: CASS Survey

A new survey conducted by one of China's leading think tanks found that respondents expect the Chinese economy to stage a substantial...

Detailed Plans for Free Trade Pilot Zones in Beijing, Hunan and Anhui Unveiled

Chinese authorities have released detailed plans for a raft of free trade zones situated in different parts of the country.

State Council Flags Support for “New Consumption,” Reduction in Payment Processing Fees

China's top government authority has issued a new directive flagging plans to drive the growth of "new consumption" via a range of...

China Targets 4 “Pain Points” of Cross-border RMB Transactions to Drive Foreign Trade

The Chinese central government hopes to improve foreign trade and investment by focusing on the resolution of four major "pain points" when...

Chinese Central Bank Makes Net Injection of $51.8 Billion via OMO on Tuesday

The People's Bank of China (PBOC) made a net injection of 350 billion yuan (approx. USD$51.8 billion) on 22 September via open...

Beijing Set to Unveil New Mixed-ownership Reforms of China’s State-owned Enterprises Before November

The Chinese central government is on track to launch a raft of new policies to accelerate reforms for the mixed-ownership of state-owned...

China’s Outbound Foreign Investment Posts Modest Decline Since Start of 2020

The latest official data from the Ministry of Commerce (MOC) points to a slight fall in China's outbound foreign investment levels in...

Digital Economy Makes 67.7% Contribution to Chinese GDP Growth

The digital economy accounted for over two-thirds of China's GDP growth in 2019 according to the latest raft official data.

China Remains Germany’s Biggest Export Market amidst EU Policy Shift

China's Ministry of Commerce (MOC) has touted its ongoing status as the biggest export market for Germany, following shifts in the foreign...

Over 80% of the World’s Nations Recipients of Chinese Foreign Investment in 2019

A new report from the Chinese government on outbound foreign investment indicates that more than 80% of countries and regions around the...

Rare Combination of High Money Multiplier and Low Excess Reserves Could Signal Economic Recovery for China

A leading analyst says that the rare combination of a record high money multiplier with low excess reserves signals the ongoing recovery...

Xi Jinping Calls for Greater Guidance of Private Economy by Chinese Communist Party

President Xi Jinping has called for the Chinese Communist Party (CCP) to play a greater role in leading and guiding China's private...

Latest stories

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

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

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...

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

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