Monday, October 26, 2020
Tags Macroeconomy

Tag: Macroeconomy

Industrial Profits Return to Robust Growth

Chinese industrial profits saw robust growth for the first four months of 2017, with enterprise productivity indices also posting improvements. The latest data released by China's...

Have China’s Reforms Hit a Wall Because of Xi Jinping’s Conservatism?

A leading stateside expert on the Chinese economy says that the country's much-vaunted reform efforts have run out of steam because of renewed conservatism...

China Disputes Moody’s Downgrading of Sovereign Credit Rating

China's Ministry of Finance has has disputed the recent downgrade of its sovereign credit rating by Moody's, claiming that the agency made its decision based on "inappropriate...

CICC Foresees Near-term Economic Weakness Due to Regulatory Tightening

One of China's leading investment banks expects macroeconomic data to weaken in the medium-term, following the release of official data indicating faltering performance. China International...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...