Saturday, October 24, 2020
Tags Services sector

Tag: Services sector

Services Sector Expected to Account for 60% of GDP by 2025

The latest data from China's National Bureau of Statistics points to an ongoing expansion in the service sector's share of economic output. Ning Jizhe (宁吉喆),...

Caixin Services PMI Hits Three Month High

The services sector purchasing managers index produced by leading Chinese financial publication Caixin has breached a three month high for the month of August. The Caixin...

Services Sector Contribution to Chinese GDP Growth Rises to 59.1%

The latest official data indicates that China's services sector has further expanded its contribution to economic growth and employment. Figures released on 19 July by...

Caixin’s Services Sector PMI Up for the First Time in 2017

The services sector PMI produced by leading Chinese finance publication Caixin has posted its first gain for the year in May. The reading for service sector PMI...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...