Saturday, January 23, 2021
Tags Chinese consumption

Tag: Chinese consumption

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...

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

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

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

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

Beijing Flags Release of New Measures to Spur Services Consumption

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

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...

Consumer Finance Customer Numbers in China Rise 52.29% in 2019

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

Beijing Flags Multiple Measures to Spur Rebound in Chinese Consumption

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

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

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

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

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

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

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

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

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

Pinduoduo Owner Applies for Payments Trademark

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