Friday, January 22, 2021
Tags Consumption

Tag: Consumption

Chinese Retail Sales on Track to Match America’s in 2018

A new report indicates that retail sales in China are likely to match or even exceed those of the United States in 2018, in...

3rd/4th Tier Cities Set to Drive Chinese Consumption Growth: Morgan Stanley

China's lower-tier urban centres will be the key drivers of consumption growth during the 2020's according to Morgan Stanley's chief China economist. Robin Xing sees China's annual...

Fintech to Push Consumer Finance Market to Over $1.74tn by 2020

Rising domestic consumption and a fintech boom are expected to drive an expansion in China's consumer finance market to over 12 trillion yuan (approx. $1.74 trillion) by the end...

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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.