Monday, January 18, 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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Private Investment the Key to Understanding China’s Economic Future: State-owned Media

A leading state-owned economics journal has highlighted the importance of the recovery of private investment in the wake of efforts by China...

Ant Group Has Established Rectification Team for Business Overhaul: Chinese Central Bank

The People's Bank of China (PBOC) says that Jack Ma's Ant Group has taken further measures in response to pressure from regulators...

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...