Wednesday, January 20, 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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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...