Over the past 12 months, mobile banking apps and online banking were the most-used channels, across different age groups and asset levels, note two reports published by Bain & Company, namely “How to …
FINANCE
Covid Zero, Property Slump Drives China’s Into Record Deficit
The cost China paid to futilely try and contain the Covid pandemic last year has become clearer, with the budget deficit hitting a record $1.3 trillion.
Bill Gates says the rise of China is good for everyone and that Beijing needs to ‘play a stronger role in world governance’
Bill Gates sees China’s rise as a “huge win for the world.” But he knows that not everyone shares his view. Speaking this week at the Lowy Institute, a think tank based in Sydney, the…
BAIC’s exciting new BEIJING X55 selected as a 2023 COTY finalist
Beijing Automotive Industry Corporation , one of China’s leading automobile manufacturers, is proud to have BEIJING X55 as a COTY finalist …
China’s yuan jumps on signs of economic recovery, market awaits global central bank meetings
SHANGHAI: China’s yuan jumped against the dollar on the first trading day after the week-long Lunar New Year holidays on Monday, as investors cheered signs of economic recovery suggested by robust …
China has a long way to go before it indigenizes semiconductor production capacity, analyst says
Paul Scharre of the Center for a New American Security says the country has been making progress, “but it’s been slow.” …
Intl investment banks, financial institutions upgrade 2023 growth outlook for China
Multiple international investment banks and financial institutions have upgraded their forecast for China’s economic growth rate in 2023, thanks to the country’s reopening policies, rosy statistics, …
China Stocks Set to Enter Bull Market on Return From Holidays
China’s benchmark equity gauge was set to enter a bull market as trading resumed after a week-long Lunar New Year break, with a rebound in consumption reinforcing optimism that the economic outlook is …
Oil Pushes Higher as China’s Return Poised to Spur Consumption
Oil started the week on the front foot as China’s financial markets reopen following a week-long break, with traders optimistic that the country’s reemergence from Covid Zero will boost crude demand.
China’s economy stands out in global arena
China posted outstanding results in economic development and epidemic control, reinforcing its status as a leading engine for the global economy. From 2020 to 2022, China’s economy posted an annual …
Policies fuel impetus for China’s high-quality development
The National Development and Reform Commission said China will continue to adhere to the principle that funds and factors of production follow projects, make good use of all types of funds, and …
Another glaring problem with Biden’s classified documents scandal: China’s investment in his DC think tank
An overlooked detail in President Joe Biden’s classified documents scandal is the role China may have played. Several of the documents were found in Biden’s affiliated, D.C., think tank, which has …
China to extend three structural monetary policy tools
China will continue to leverage three structural monetary policy tools, including the carbon-reduction credit facility, amid efforts to guide financial institutions to beef up support for green …