Saturday, April 10, 2021
Tags COVID-19

Tag: COVID-19

Tencent’s WeBank Wins Award for Supporting COVID-19 Containment Efforts in China

Tencent-backed digital lender WeBank has won an award for its contribution to efforts to contain the impacts of the COVID-19 pandemic in...

Foreign Companies Will Not Flee China Despite Impacts of COVID-19 on Global Economy: Deputy IMF Director Zhu Min

One of China's leading economists says that the COVID-19 pandemic and its related impacts will not compel foreign companies to withdraw from...

PwC Highlights Five Areas of Challenge and Opportunity for Chinese Banks

A new report on the Chinese banking sector from international consulting firm Pricewaterhouse Coopers (PwC) has identified five key areas of "challenge...

Chinese Economists Upbeat about COVID-19 Recovery in Q3 2020: CASS Survey

A new survey conducted by one of China's leading think tanks found that respondents expect the Chinese economy to stage a substantial...

Chinese Power Consumption Rises to Record High in August, NDRC Hails Sign of Post-COVID 19 Economic Recovery

Chinese electricity consumption levels have lifted to an unprecedented high in the month of August, with the central government pointing to the...

Financial Leverage to Hit 265% of China’s GDP by 2021, Credit Efficiency to Fall to Five Year Low: Fitch Ratings

Fitch Ratings expects the COVID-19 pandemic to bring the credit efficiency ratio of Chinese banks to a five-year low.

Chinese Industrial Enterprises See 4.8% YoY Profit Rise in Second Quarter

Industrial enterprises in China have seen their profit levels post robust growth in the second quarter of 2020 despite the economic impacts...

Moody’s Expects Asset Quality of Chinese Banks to Be Hit by COVID-19 Before End of 2020

Rating's agency Moody's expects the impact of the COVID-19 pandemic on the asset quality of banks to make themselves apparent in six...

IMF Should Use SDR General Allocation to Deal with COVID-19: Chinese Central Bank Governor

Yi Gang (易纲) governor of the Chinese central bank, has published an essay calling for the International Monetary Fund (IMF) to make...

China Steps up Government Bond Issuance in 2020 to Deal with COVID-19 Impacts

The Chinese government has highlighted a sharp increase in the issuance of sovereign bonds at various levels in order to mitigate the...

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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....

China’s Services Exports Surge over 20% since Start of 2021, Imports Plunge by More Than 18%

China has seen a sharp rise in its exports of services since the start of 2021, in tandem with a plunge in...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...