Saturday, January 23, 2021
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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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.