Monday, October 26, 2020
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Chinese Economy Can Only Continue to Open: Commerce Minister

China's commerce minister has extolled the benefits of greater opening for the country's economy at a recent meeting with overseas financial and industry executives...

“China Will be a Great Economic and Trading Power by 2035”: Commerce Minister

The Minister of Commerce says that China will transform itself into a "major and strong" economic and trading nation within the next two decades...

No Winners in a Sino-US Trade War: Chinese Minister of Commerce

The Chinese minister of commerce says that the outbreak of a trade war between China and the US would be "disastrous" for both economies,...

China to Further Open up Telecom, Health, Education, Aged Care, Electric Car Industries

The minister of commerce says that Beijing plans to further open a slew of the country's key industries to foreign investment, as well as...

Chinese Trade Minister Commits to Improved Market Access for Foreign Investors

In an article published by the Chinese Communist Party's leading theoretical journal, trade minister Zhong Shan has pledged to improving conditions for foreign investors...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...