Saturday, January 23, 2021
Tags Chinese middle class

Tag: Chinese middle class

China to Approach Majority Middle-class Status by 2025: Macro Polo Report

A new report from Chicago-based think tank Macro Polo expects China to avoid the "middle income trap" and approach majority middle-class status...

New Report Sheds Light on Financial Habits of Chinese Middle-class Households

A new report on Chinese middle-class households sheds light on their geographic distribution and investment proclivities.

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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.