Friday, October 30, 2020

More Chinese residents want to increase consumption in Q2: central bank

Must Read

BT Chooses Ericsson as 5G Partner After UK Huawei Ban

BT has selected Ericsson as its partner for 5G deployment in major UK cities including London, Edinburgh,...

Xi Jinping’s pledge: Will China be carbon neutral by 2060?

Author: Fergus Green, Utrecht UniversityIn a speech to the UN General Assembly in...

1st LD-Writethru: Chinese shares close mixed on Monday

BEIJING, Oct. 26 (Xinhua) -- Chinese stocks closed mixed on Monday, with the benchmark Shanghai Composite Index down...

China Is Facing Likely Corn Shortage After Summer of Natural Disasters

Corn, one of the main grains in mainland China, is currently entering the harvest season. But due to...

China’s new Foreign Investment Law sticks to the script

Author: Atharva Deshmukh, LSE and Pranav Bafna, ILS Law College Pune The old Chinese saying to cross the river by...

BEIJING, July 5 (Xinhua) — More Chinese urban residents expressed enthusiasm about increasing their spending in the second quarter of this year, said a central bank survey. Among the 20,000 urban bank depositors surveyed in 50 cities across China, 23.4 percent signaled a willingness to spend more in Q2, up 1.3 percentage points from the previous quarter, according to a survey conducted by the People’s Bank of China, the central bank. Respondents who are willing to increase savings in Q2 accounted for 52.9 percent, down 0.1 percentage points from Q1. The survey showed residents expected to increase their spending mostly on education, medical care and tourism in the next three months. Meanwhile, their willingness to increase investment shrank, with 23.8 percent of the respondents planning more investment in Q2, down by 1.2 percentage points from a quarter ago. Financial products from banks, brokerage firms and insurers topped the list of the respondents’ favorite investment options, followed by trust funds and stocks, according to the survey.

Source link

Latest News

BT Chooses Ericsson as 5G Partner After UK Huawei Ban

BT has selected Ericsson as its partner for 5G deployment in major UK cities including London, Edinburgh,...

Xi Jinping’s pledge: Will China be carbon neutral by 2060?

Author: Fergus Green, Utrecht UniversityIn a speech to the UN General Assembly in late September 2020, Chinese President...

1st LD-Writethru: Chinese shares close mixed on Monday

BEIJING, Oct. 26 (Xinhua) -- Chinese stocks closed mixed on Monday, with the benchmark Shanghai Composite Index down 0.82 percent to 3,251.12 points....

China Is Facing Likely Corn Shortage After Summer of Natural Disasters

Corn, one of the main grains in mainland China, is currently entering the harvest season. But due to the impact of natural disasters,...

China’s new Foreign Investment Law sticks to the script

Author: Atharva Deshmukh, LSE and Pranav Bafna, ILS Law College Pune The old Chinese saying to cross the river by feeling the stones offers insight...

More Articles Like This

- Advertisement -
Thailand Business News