Friday, January 22, 2021
Tags Consumption

Tag: Consumption

Banking

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

CBNEditor - 0
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

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

Fintech CBNEditor - 0
China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...
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China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Economy CBNEditor - 0
Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...
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Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

Finance CBNEditor - 0
The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...
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Pinduoduo Owner Applies for Payments Trademark

Fintech CBNEditor - 0
A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.
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