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Tuesday, November 24, 2020
Tags Lou Jiwei

Tag: Lou Jiwei

Mixed-business Model of Chinese Finance is Heightening Risk: Ex-MOF Head Lou Jiwei

One of China's senior-most politicians says that the country needs to bring an end to the mixed-business model prevalent in the finance sector due...

China Flags Launch of Real Estate Tax at National People’s Congress

Zhang Dejiang (张德江), chairman of the Standing Committee of China's National People's Congress, has proposed the drafting of real estate tax legislation in 2018,...

Supply Side Reforms Must Do Away with Planned Economy Mentality: Lou Jiwei

One of China's leading economists and politicians has called for supply-side structural reforms to do away with the "traditional" mentality of the country's former...

The Financial System Suffers from Severe Distortions: Lou Jiwei

One of China's senior-most economic policymakers says that the country's financial system suffers from severe distortions due to the emergence of a "bewildering" range...

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Digital Renminbi Will Break Big Data Monopolies, Replace All Forms of Traditional Money: Bank of China Senior Exec

A former senior executive with one of China's big six state-owned banks has highlighted the major impacts that the digital renminbi will...

China’s Per Capita Income to Leap 56 Places in Global Rankings by 2025, Exceed USD$25,000

China's global ranking in terms of per capita incomes is expected to surge over the next half-decade according to data from Bloomberg...

China’s Leading Economists Calls for Maintaining COVID-19 Stimulus Measures

Leading economics figures in China have signalled the maintenance of robust monetary and fiscal stimulus policies in the wake of the COVID-19...

Digital Yuan Will Account for 15% of All Consumer Payments within a Decade, Give Banks Fighting Chance against Fintech Rivals: Goldman Sachs

A report from Goldman Sachs says that increasing use of China's central bank digital currency (CBDC) could help banks to withstand the...