Wednesday, April 14, 2021
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Tag: Incomes

2017 GDP Figures for 20 Chinese Provinces Released

20 of China's province-level administrative entities have released their GDP figures for 2017, with the data pointing to household income growth outpacing economic expansion. As...

Beijing Economics Professor Expects China to Become High-income Nation by 2021

A professor at one of China's leading universities says that the country's economy could achieve high income status by as early as the start...

New Income Data Reveals Stark Wealth Disparities Between Chinese Regions and Sectors

The latest official income data from China points to gaping disparities in average annual incomes between the country's different regions and economic sectors. According to...

First Half GDP Up 6.9%, Incomes Rise 7.3%

China's official GDP growth rate for the first half of 2017 has edged ahead of consensus forecasts by economists. The latest official data indicates that...

IT Sector Beats Out Finance for China’s Highest Average Income

China's IT workers enjoy the country's highest average levels of remuneration as of 2016, beating out finance sector professionals. Data released by China's National Bureau of Statistics on 27...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...