Market Research Report
China Retail Banking 2020 - Review, Forecasts, and Future Opportunities
|Published by||GlobalData||Product code||979331|
|Published||Content info||35 Pages
Delivery time: 1-2 business days
|China Retail Banking 2020 - Review, Forecasts, and Future Opportunities|
|Published: December 18, 2020||Content info: 35 Pages||
This report explores trends in the Chinese retail banking sector as well as insight into consumer preferences and behaviors. It highlights some of the most important data points available on the performance of the sector comparable to other markets, as well as the performance and perception of firms within the industry. New trends and innovations are also noted, as are the implications of COVID-19.
Growth in the Chinese retail banking sector has been strong over the past decade. COVID-19 has affected growth in 2020 but is unlikely to significantly alter trajectories and forecasts going forward, given that a strong recovery is expected in 2021. The Chinese government introduced stringent lockdown measures early on that were more restrictive than almost any other market. This allowed the country to better control the virus and limit transmission. The Chinese economy has now been able to fully reopen, setting the stage for a strong recovery.