Monday, April 12, 2021
Tags Economy

Tag: Economy

Caixin’s PMI Hits Lowest Point Since September

The latest purchasing managers index published by Chinese financial news provider Caixin marks a seven month low. Caixin's PMI for April is 50.3, for a decline of 0.9...

Chinese Banks Added 2.9tn Yuan to Loan Book in Q1 2017

25 Chinese listed banks expanded their total loans portfolio by nearly 3 trillion yuan in the first quarter of the year, with a marked divergence in interest...

Banks Lift Home Loan Costs in Beijing, Shanghai, Guangzhou

Chinese lenders are lifting rates for home loans in major cities across the country. Data from Rong360 indicates that multiple cities across China have seen home...

Chinese Regulators Coordinate on Acceleration of Reforms

Chinese regulators are engaging coordinated efforts to advance reform of China's financial system, as part of efforts to prevent the onset of systemic risk. At its 40th...

PMI Points to Easing Growth in Demand

New data points to a modest easing of demand in the Chinese economy. The latest Purchasing Managers Index of factory activity released by China's National Bureau of Statistics at the...

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...

Ma Yun Calls for Beijing to Let Private Enterprise Take the Lead

One of China's most storied entrepreneurs has called for the Chinese government to give greater play to the role of private enterprise in the national...

Economists See China Entering L-shaped Recovery After Rail Freight Surge

Following a recent surge in China's railway freight volumes, economic experts expect the country to plateau its way into L-shaped growth recovery. The latest data from China Railway indicates...

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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....