What You Need to Know About China’s Soaring Household Debt
China’s household debt to income ratio rose threefold from 30% in 2008 to 92% in 2019. Here is what it could mean for China’s economy.
Tag: #economy
Showing 12 of 40 posts with this tag
Sources Say Chinese Convenience Store Chain Bianlifeng to file US IPO, Denied By Company Spokesperson
Sources said today that China's Internet convenience store brand Bianlifeng is planning to file for an IPO. Goldman Sachs, Morgan Stanley and CITIC Securities will act as lead underwriters to arrange the listing.
6/23/20213 min read
World Leaders Gather in China for the 2018 Boao Forum for Asia
The 2018 Boao Forum for Asia (BFA) opened today in Boao, Hainan. It will last four days and host around 2,000 guests from over 60 countries and regions around t...
4/8/20182 min read
Pinduoduo Ties up with Singapore's A*STAR on Pesticide Testing
Pinduoduo has entered a research collaboration with Singapore’s Innovations in IFCS at A*STAR, to develop a more cost-effective and robust method of testing fresh produce for pesticides.
8/10/20202 min read
Chinese Vaccine Maker Changchun Changsheng Life Sciences Declares Bankruptcy
With no possibility of reorganization and reconciliation, Chinese vaccine maker, Changsheng Bio-technology has declared bankruptcy.
11/8/20191 min read
JD.com Denies Rumors of Large-Scale Layoff
JD.com has no plans for widespread layoffs and is, in fact, continuing to recruit new employees, said an anonymous insider from the company, adding that the total workforce at JD.com presently stands at 590,000.
Shanghai Government Announces Action Plan for Economic Recovery
To coordinate COVID-19 control with economic development, the municipal government of Shanghai launched an action plan on Sunday to speed up economic recovery following weeks of extended lockdowns.
China Reveals Plans to Build a Pilot FTZ on Hainan Island
The State Council of China has officially announced the approval for setting up a pilot free trade zone (FTZ) in the southern province of Hainan, with an overal...
Macau Stock Exchange Plan Reported to China’s Central Government as City Tries to Diversify From Gambling
During the 8th Lingnan Forum held in Guangzhou on October 12, He Xiaojun announced that the Macau Stock Exchange plan has been reported to the central government.
Indian Hotel Operator OYO Faces Hurdles in China
In June 2019, OYO China, the subsidiary of the rapidly growing Indian operator of leased and franchised hotels, announced the launch of its 2.0 strategy.
Here Are China’s Fastest Growing Cities
While China’s tier-one and tier-two cities keep rapidly expanding, making us marvel at the speed and quality of their development, the really astounding action is happening elsewhere.
1/16/20205 min read
IDC Forecasts Chinese Spending Spree on Blockchain
IDC released a report on November 4 on China’s blockchain spending, forecasting that China’s spending on blockchain technology will reach $2 billion by 2023, which represents a CAGR of 65.7%.
11/5/20192 min read