Tuesday, April 13, 2021
Tags Novel coronavirus

Tag: Novel coronavirus

Tencent’s WeBank Wins Award for Supporting COVID-19 Containment Efforts in China

Tencent-backed digital lender WeBank has won an award for its contribution to efforts to contain the impacts of the COVID-19 pandemic in...

China Only Major Economy to Grow in 2020 amidst 4.4% Global Contraction: IMF

A new report from the International Monetary Fund (IMF) expects China to be the only major economy to achieve growth in 2020...

Household Financial Assets in China Rise 7.4% During Spread of COVID-19

A near ten percent rise in deposits has driven a sizeable increase in the financial assets of Chinese households during the first...

Chinese Economists Upbeat about COVID-19 Recovery in Q3 2020: CASS Survey

A new survey conducted by one of China's leading think tanks found that respondents expect the Chinese economy to stage a substantial...

China’s Big Six State-owned Banks See Double Digit Net Profit Decline Following COVID-19

The big state-owned banks in China have seen a major drop in net profits due to the impacts of the COVID-19 pandemic...

Chinese Power Consumption Rises to Record High in August, NDRC Hails Sign of Post-COVID 19 Economic Recovery

Chinese electricity consumption levels have lifted to an unprecedented high in the month of August, with the central government pointing to the...

Chinese Industrial Enterprises See 4.8% YoY Profit Rise in Second Quarter

Industrial enterprises in China have seen their profit levels post robust growth in the second quarter of 2020 despite the economic impacts...

Moody’s Expects Asset Quality of Chinese Banks to Be Hit by COVID-19 Before End of 2020

Rating's agency Moody's expects the impact of the COVID-19 pandemic on the asset quality of banks to make themselves apparent in six...

IMF Should Use SDR General Allocation to Deal with COVID-19: Chinese Central Bank Governor

Yi Gang (易纲) governor of the Chinese central bank, has published an essay calling for the International Monetary Fund (IMF) to make...

China Steps up Government Bond Issuance in 2020 to Deal with COVID-19 Impacts

The Chinese government has highlighted a sharp increase in the issuance of sovereign bonds at various levels in order to mitigate the...

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Ex-PBOC Deputy Governor Warns of “Biden’s Overheating” and “Sword of Inflation” After Unveiling of USD$1.9T Stimulus Package

One of China's leading economists has warned of the major risk implications of the mammoth USD$1.9 trillion stimulus package unveiled by the...

JD Technology Expected to Join Ant Group in Adoption of Financial Holding Company Form

The tech subsidiary of e-commerce giant JD.com reportedly plans to launch a financial holding company amidst a push from Chinese authorities for...

Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...