Wednesday, January 20, 2021
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China to Enter Bilateral Currency Swap Agreement with Japan

China and Japan will enter a bilateral currency swap agreement according to an article written by Premier Li Keqiang that was recently published by...

China’s Per Capita Disposable Income Approaches 1970’s US Levels

A new report from Huatai Securities puts China's current economic state in context by matching it to various periods in the developmental history of...

China Ousts Japan as Biggest Holder of US Treasuries

China has re-emerged as the world's biggest holder of US government debt following five consecutive months of gains in its holdings of Treasuries. The US...

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TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

Guo Shuqing Denies China Plies State Monopoly Capitalism, Says State-owned Enterprises Bear Twice the Tax Burden of Private Companies

The senior-most official in China's banking regulatory system has stressed the importance of the role played by the rapidly expanding private sector...