China Financial News

14.03 / 18:55

markets Derivatives Bitcoin Options Bitcoin Bitcoin derivatives Bitcoin derivatives suggest $26K resistance level won't hold for long

The price of Bitcoin (BTC) increased by 28% between March 12-14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the consumer price index's (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations.

14.03 / 15:19

week Economy Week Ahead: U.S. Inflation and Retail Sales in Focus

The Labor Department releases its February consumer-price index, a closely watched measure of what consumers pay for goods and services. Consumer prices rose 6.4% in January from a year earlier, reflecting a slight cooling of still-high inflation.

14.03 / 12:23

Citi Lowe's Strategy SoftBank MSCI SVB index fall As global stocks fall, Asia-Pacific's benchmark index erases all of its gains for 2023

Asia-Pacific's leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.

14.03 / 06:19

CBDC regulation Peoples Bank of China Yuan NOT CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being "freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC).

14.03 / 03:11

week Economy Week Ahead: U.S. Inflation and Retail Sales in Focus

13.03 / 23:29

Action How Beijing Boxed America Out of the South China Sea

In early February, a Philippine coast guard vessel approached a small outpost in the South China Sea when it was hit by green laser beams that temporarily blinded its crew. The source was a Chinese coast guard ship, which Philippine authorities said approached dangerously close.

13.03 / 17:49

Law CFTC SEC Congress Bitcoin crypto donations State caps or federal regulation: What's next for political crypto donations

On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donations via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donations. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donations to politicians all around the globe.

13.03 / 15:11

UPS Ripple Mobile Fallout HSBC SVB Silicon Valley Bank collapse hits startups as far away as China

The Silicon Valley Bank fallout has ripple effects on Chinese startups, particularly those backed by U.S. dollar-denominated funds.

13.03 / 14:41

week Economy Week Ahead: U.S. Inflation and Retail Sales in Focus

13.03 / 09:37

UPS Target Enterprise In his first address, China's new premier says high quality growth is a priority

BEIJING — China's new premier Li Qiang said Monday that policymakers would focus on the quality of growth — especially on ordinary people's need for housing, income, education and health care.

12.03 / 18:07

Action How Beijing Boxed America Out of the South China Sea

12.03 / 04:37

Action How Beijing Boxed America Out of the South China Sea

11.03 / 21:33

Provident Binance Digital Citizens Platform Kazakhstan shuts down illegal crypto exchange, seizes $350,000

ABS Change, a platform illegally trading cryptocurrencies in Kazakhstan, has been identified and shut down, according to an update shared by the country’s Financial Monitoring Agency (FMA) on Telegram.

11.03 / 02:57

U.S., EU Try to Defuse Subsidies Dispute to Focus on Russia and China

WASHINGTON—The U.S. and Europe agreed Friday to new steps aimed at resolving a spat over subsidies for clean-energy technology, an effort to preserve a trans-Atlantic relationship that had strengthened following Russia’s invasion of Ukraine.

10.03 / 23:11

Law regulation Fiat Money South Dakota gov vetoes bill excluding crypto from definition of 'money'

Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.

10.03 / 13:51

U.S., EU Try to Defuse Subsidies Dispute to Focus on Russia and China

WASHINGTON—President Biden and European Commission President Ursula von der Leyen will meet Friday as the U.S. and Europe try to move beyond a spat over subsidies for clean-energy technology and preserve a trans-Atlantic relationship that had strengthened following Russia’s invasion of Ukraine.

10.03 / 12:55

markets cryptocurrency Bloomberg Opinion inflation Time Crypto bros turn back time on their Rolexes, Patek Philippes

Inflation? What inflation? It’s gotten so much cheaper to get your hands on a Rolex.

10.03 / 11:51

cryptocurrency Stablecoin Digital Currency NFT Bloomberg Opinion Token Move over Stablecoin. A new Token is coming

The world of digital cash is divided into two camps. The traditionalists want a public authority to remain in charge of providing a safe medium of exchange for people to settle claims against one another. Or else, they say, private money could become as unreliable as in the pre-US-Civil-War era of wildcat banking, when notes issued by a lender in Tennessee would be discounted by 20% in Philadelphia.

10.03 / 11:51

UPS Reuters Williams CEO Puzzle Adidas Consumer spending in China isn't surging back yet, companies say

BEIJING — China has yet to see a strong rebound in consumer spending, according to major companies.

10.03 / 04:01

recovery Chinese Exports Pull Back Again, Hampering Post-Covid Recovery

HONG KONG—The export engine that propelled China’s recovery through much of the pandemic sputtered to start the year, complicating Beijing’s efforts to juice an economy that is still reeling from three years of stringent “zero-Covid” restrictions.

10.03 / 04:01

India, Wary of China, Expands Trade Ties With the West

NEW DELHI—As host to foreign ministers from the Group of 20 nations last week, Narendra Modi played the traditionally neutral role of an Indian prime minister, refusing to take sides between Russia and the U.S.

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