Wednesday, January 20, 2021

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Economy

China State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

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The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...
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Economy

Beijing Aims for Internet of Things Security Standards by 2022

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The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...
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Fintech

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

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Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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Banking

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

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Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.
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Economy

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

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The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....
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Economy

Guo Shuqing Denies China Plies State Monopoly Capitalism, Says State-owned Enterprises Bear Twice the Tax Burden of Private Companies

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The senior-most official in China's banking regulatory system has stressed the importance of the role played by the rapidly expanding private sector...
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