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Novel coronavirus
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Novel coronavirus
Economy
Tencent’s WeBank Wins Award for Supporting COVID-19 Containment Efforts in China
CBNEditor
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January 13, 2021
0
Tencent-backed digital lender WeBank has won an award for its contribution to efforts to contain the impacts of the COVID-19 pandemic in...
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Economy
China Only Major Economy to Grow in 2020 amidst 4.4% Global Contraction: IMF
CBNEditor
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October 15, 2020
0
A new report from the International Monetary Fund (IMF) expects China to be the only major economy to achieve growth in 2020...
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Economy
Household Financial Assets in China Rise 7.4% During Spread of COVID-19
CBNEditor
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September 29, 2020
0
A near ten percent rise in deposits has driven a sizeable increase in the financial assets of Chinese households during the first...
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Economy
Chinese Economists Upbeat about COVID-19 Recovery in Q3 2020: CASS Survey
CBNEditor
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September 23, 2020
0
A new survey conducted by one of China's leading think tanks found that respondents expect the Chinese economy to stage a substantial...
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Banking
China’s Big Six State-owned Banks See Double Digit Net Profit Decline Following COVID-19
CBNEditor
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August 31, 2020
0
The big state-owned banks in China have seen a major drop in net profits due to the impacts of the COVID-19 pandemic...
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Economy
Chinese Power Consumption Rises to Record High in August, NDRC Hails Sign of Post-COVID 19 Economic Recovery
CBNEditor
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August 27, 2020
0
Chinese electricity consumption levels have lifted to an unprecedented high in the month of August, with the central government pointing to the...
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Economy
Chinese Industrial Enterprises See 4.8% YoY Profit Rise in Second Quarter
CBNEditor
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July 28, 2020
0
Industrial enterprises in China have seen their profit levels post robust growth in the second quarter of 2020 despite the economic impacts...
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Banking
Moody’s Expects Asset Quality of Chinese Banks to Be Hit by COVID-19 Before End of 2020
CBNEditor
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July 25, 2020
0
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...
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Economy
IMF Should Use SDR General Allocation to Deal with COVID-19: Chinese Central Bank Governor
CBNEditor
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July 20, 2020
0
Yi Gang (易纲) governor of the Chinese central bank, has published an essay calling for the International Monetary Fund (IMF) to make...
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Finance
China Steps up Government Bond Issuance in 2020 to Deal with COVID-19 Impacts
CBNEditor
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July 20, 2020
0
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
Economy
CBNEditor
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January 18, 2021
0
A leading state-owned economics journal has highlighted the importance of the recovery of private investment in the wake of efforts by China...
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Ant Group Has Established Rectification Team for Business Overhaul: Chinese Central Bank
Fintech
CBNEditor
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January 18, 2021
0
The People's Bank of China (PBOC) says that Jack Ma's Ant Group has taken further measures in response to pressure from regulators...
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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen
Banking
CBNEditor
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January 15, 2021
0
The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...
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Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy
Banking
CBNEditor
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January 15, 2021
0
A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...
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