Village banks are a new frontier in Chinese banking, open to private and foreign capital and tapped in to a buoyant segment of the economy
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11 Sep 2014
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Village banks are a new frontier in Chinese banking, open to private and foreign capital and tapped in to a buoyant segment of the economy
The pig-to-feed ratio fell below break-even point for the first time in 23 months in May, dragging down China Confidential’s Rural Wealth Index to 52.6 despite a rebound in rural vehicle sales.
Younger migrant workers spend more, are more brand conscious, want to live nearer home and dream of starting their own businesses, a CC grassroots survey finds
China’s central bank has cut the required reserve ratio (RRR) for certain branches of the Agricultural Bank of China (1288:HK), one of the country’s top three lenders, in a measure designed to encourage lending in rural areas.
Our survey shows rural wealth creation growing strongly, creating extra spending power for the cohort of around 250m to 300m emerging rural discretionary consumers.
Almost all of the structural pressures propelling China’s inflationary surge are intensifying, confounding hopes for a sustained retreat in consumer prices.
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