Saturday, January 23, 2021
Tags Chinese consumption

Tag: Chinese consumption

Economy

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

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

China Emerges as World’s Biggest Consumer Market for Real Goods

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Official data indicates that China has emerged as the world's biggest consumer market when it comes to physical goods.
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Economy

Chinese Consumption to Rise 13% in 2021, Drive over 60% of Economic Growth: BOCOM Report

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Bank of Communications (BOCOM) analysts forecast robust growth in Chinese consumption in 2021 in the wake of the COVID-19 pandemic.
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Economy

Beijing Flags Release of New Measures to Spur Services Consumption

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The Chinese central government says it plans to launch new measures to drive services consumption in the wake of the COVID-19 pandemic....
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Economy

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

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

Consumer Finance Customer Numbers in China Rise 52.29% in 2019

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A new report on the consumer finance sector in China points to a surge in customer numbers in 2019.
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Economy

Beijing Flags Multiple Measures to Spur Rebound in Chinese Consumption

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China's National Development and Reform Commission (NDRC) has flagged the launch of a slew of measures to help drive a rebound in...
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Economy

Agricultural Bank of China Cooperates with UnionPay on Issuance of Consumption Vouchers

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Big state-owned lender Agricultural Bank of China (ABC) is working with payments giant China UnionPay to issue government consumption vouchers to help...
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Economy

Retail Sales of Consumer Goods Drop 19% in First Quarter of 2020

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China saw a sharp drop in retail sales of consumer goods in the first quarter of 2020 as a result of efforts...
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Economy

UnionPay Helps Issue over $56 Million in Digital Consumption Vouchers Across China

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Payments giant China UnionPay is helping local authorities to issue consumption vouchers to stimulate lacklustre regional economies in the wake of the...
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Most Read

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

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China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...
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China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

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Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...
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Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

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The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...
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Pinduoduo Owner Applies for Payments Trademark

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A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.
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