Tuesday, October 20, 2020
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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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...