Monday, January 18, 2021
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Tag: World Bank

World Bank Doubles Growth Forecast for Chinese GDP in 2020

The World Bank has just lifted its forecast for Chinese GDP growth in 2020, as the economy continues to convalesce from the...

World Bank Reaffirms China’s Status as Developing Nation Despite Largest GDP in PPP Terms

A new report from the World Bank has reiterated China's status as a developing nation despite it being the biggest economy on...

China’s Voting Rights at World Bank Set to Rise After Capital Increase

China will become the World Bank's third most influential member following the international financial institution's latest capital increase. The World Bank announced on 12 April...

World Bank Cuts Lending to China at Trump Administration’s Behest

The World Bank will make adjustments to its lending protocols in order to reduce credit extended to China, as one of the conditions for...

World Bank Upgrades China’s 2017 GDP Estimate

The World Bank has raised its forecast for China's GDP growth in 2017, claiming that ongoing efforts to contain financial risk have done little...

Trump Administration Objects to World Bank’s Level of Lending to China

The US government is refusing to provide the World Bank with a capital increase unless it re-considers its lending practices with respect to its...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...