Monday, January 25, 2021
Tags Chinese industrial overcapacity

Tag: Chinese industrial overcapacity

China Cuts Coal Output by 80 Million Tonnes since Start of 2018

The Chinese government says that overcapacity in the coal and steel sectors has been significantly curb since the start of 2018. During the first seven...

40% of Chinese Economists Say Industrial Overcapacity Still “Severe”

A survey from one of China's leading think tanks found that 70% of economists believe overcapacity is still problem for at least some domestic...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

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....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...