Wednesday, January 27, 2021
Tags Chinese economy

Tag: Chinese economy

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

China Emerges as World’s Biggest Destination for Foreign Investment During COVID-19 Pandemic

China's early recovery from the COVID-19 pandemic helped it to overtake the US to become the world's biggest destination for foreign investment...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

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...

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China’s Top Banking Regulator Reiterates Commitment to Anti-Trust Enforcement

The senior-most official in China's banking regulatory system has reiterated its commitment to the enforcement of anti-trust and anti-monopoly policies in the...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

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China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.

Chinese Central Bank Chief Flags Possibility of “Good Results” for Relaunch of Ant Group IPO

The head of the Chinese central bank has flagged the possibility that Jack Ma's Ant Group could still launch a successful IPO...

Virtual Lender ZA Bank Obtains Insurance Agency License in Hong Kong

One of Hong Kong's first virtual lenders has just obtained a license to also operate as a virtual insurance agency less than...

Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...