Monday, April 12, 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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Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....