Tuesday, October 20, 2020
Tags Consumption

Tag: Consumption

Banking

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

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

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

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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...
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Economy

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

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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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Most Read

Chinese GDP Growth Rises to 0.7% in Third Quarter

Economy CBNEditor - 0
China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...
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Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

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A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...
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Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Economy CBNEditor - 0
Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...
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Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

Fintech CBNEditor - 0
The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...
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