China Briefing News

China Cuts Bank Reserve Requirement – First Time in 3 Years

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Dec. 1 – The People’s Bank of China (PBC) will lower the reserve requirement ratio (RRR) at China’s financial institutions by 0.5 percent starting on December 5, a move that marks the first RRR cut in three years. The 0.5 percent drop will bring the RRR at large-scale financial institutions to the level of 21 […]

China’s Wine Market Shows Great Potential

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By Vivian Ni Nov. 21 – The surging demand for wine in China has made the country one of the most important target markets for global wine producers, as regular Chinese consumers are now becoming more receptive to Western wine, and wealthy Chinese buyers are considering red wine as a new type of speculative investment […]

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