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China's monetary stimulus has been restrained compared to other major economies. In 2020, Chinese M2, a broad measure of the money supply, has risen at a growth rate of between 10.5 and 11.5 percent, compared to 8.0-8.5 percent in 2019.This additional money flowing into the economy is only enough to result in a mild increase in inflation in the worst case scenario.
China's first Lei Feng-themed KFC restaurant opens to the public in Changsha, Hunan province, on Sunday. Provided to China Daily
China's listed banks are in urgent need of replenishing common equity tier 1 capital. Their common equity tier 1 capital adequacy ratio declined in general in the first half of this year due to a drop in net profit of many listed banks, a PwC report issued Wednesday said.
China's household wealth will rise to .8 trillion by 2028, surging 120 percent from 2018, according to Global Wealth Migration Review 2019, published by the research company New World Wealth.
China's live-streaming market is estimated to reach .4 billion by revenue next year, up 86 percent from 2016. Worldwide, the live-streaming revenue is expected to hit .4 billion, according to the report.