China Financial News

06.03 / 14:07

UPS recovery Covid-Era Savings Are Crucial to China’s Economic Recovery

HONG KONG—The strength of China’s economic rebound this year largely hinges on one uncertainty: whether families and large companies are willing to draw down the pile of cash they built up since the start of Covid-19.

06.03 / 12:17

Dogecoin Ethereum ETH BTC Binance litecoin Bitcoin week Bitcoin Price and Ethereum Prediction: What's Ahead in the Coming Week?

Bitcoin (BTC) and Ethereum (ETH) continue to suffer losses, with both cryptocurrencies displaying bearish signals at the start of the new week. The broader cryptocurrency market is also struggling, with Bitcoin and ETH each experiencing declines of over 6% in the past few days.

06.03 / 12:07

Lowe's Target Platform Remark Moodys China takes a cautious approach to its economy in 2023

BEIJING — China's leaders struck a cautious tone about the outlook for the country's economic rebound, after ending most Covid restrictions on business activity late last year.

06.03 / 11:25

Target China Sets Conservative Growth Target as Challenges Loom

HONG KONG—China unveiled its lowest growth target in more than a quarter-century as Beijing faces challenges in the domestic and global economy following its emergence from three years of strict Covid-19 measures.

06.03 / 11:25

COST world economy The World Economy Is Doing Well—This Is Bad News for Central Bankers

The global economy is showing vigor, with business surveys this week pointing to a widespread revival in growth despite rising borrowing costs and elevated energy and food prices, a sign that central banks may need longer than anticipated to bring inflation under control.

06.03 / 10:43

Blockchain CBDC Adoption Central Bank KYC Pakistan banks agree on blockchain-based KYC system development

Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives.

05.03 / 06:01

Twitter Binance regulation WeChat FBI CZ denounces false rumor 'widely' spread on China's WeChat

Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet.

05.03 / 01:53

UPS recovery Covid-Era Savings Are Crucial to China’s Economic Recovery

04.03 / 20:23

Target U.S. Export Limits Target 28 Chinese Entities, Citing Alleged Ties to Iranian Military

WASHINGTON—The U.S. Commerce Department on Thursday targeted more than two dozen Chinese entities with export restrictions, part of a broader effort by the Biden administration to mitigate what it says is a growing national security threat from China.

04.03 / 20:23

COST world economy The World Economy Is Doing Well—This Is Bad News for Central Bankers

04.03 / 13:49

UPS recovery Covid-Era Savings Are Crucial to China’s Economic Recovery

04.03 / 01:01

Provident Tether Bitfinex USDT WSJ Shell open Tether (USDT) responds to report on using falsified documents to open bank accounts

Tether, the issuer of the largest stablecoin, has called the Wall Street Journal report “wholly inaccurate and misleading. The WSJ report accused the firm of using falsified documents and shell companies to open bank accounts in 2018. The report stated that the company had opened accounts under the names of executives from various companies. This was done in order to continue to be part of the global financial system.

03.03 / 17:57

Stablecoin Adoption Europe Tether coinbase European Union Euro Backed Regulation and risk: Factors driving demand for a euro-backed stablecoin

Stablecoins are a type of cryptocurrency offering investors price stability. The most popular stablecoins are those backed by the United States dollar — the world’s leading reserve currency. Others are less popular and not widely used, so many may not have heard of alternatives if they haven’t searched for them.

03.03 / 16:03

Target U.S. Export Limits Target 28 Chinese Entities, Citing Alleged Ties to Iranian Military

03.03 / 13:17

UPS recovery Covid-Era Savings Are Crucial to China’s Economic Recovery

03.03 / 04:23

UPS Manufacturing Apple Mercedes-Benz Pfizer foreign China is rolling out the red carpet to attract foreign executives

BEIJING — China is pulling out all the stops to keep multinationals like Apple and its supplier Foxconn in the country.

03.03 / 03:45

Highways Idled Ships, Empty Containers. Ocean Shipping Faces Its Biggest Slump in Years.

LONG BEACH, Calif.—Global shipping executives are wrestling with plunging exports, falling freight rates and mounting suspense over whether the industry is headed for a price war in a reversal of the soaring demand the industry saw during the pandemic.

03.03 / 00:19

Blockchain Adoption Banks Chinese yuan Russian bank issues first on-chain bank guarantee in Chinese yuan

Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming the product is the first in the country. The bank guarantee exceeds 100 million Chinese yuan — or nearly $144,600 USD at time of publication.

02.03 / 19:13

Blockchain COST UPS Progressive Fighting Discover With $5M In Backing This New Move-to-Earn Project Offers Instant Rewards Without Needing Sneakers – Here's How It Works

Despite the initial hype around Move-2-Earn (M2E) in 2022 - which saw projects such as STEPN gain huge traction in the Web3 community - things haven't taken off as expected. But one ambitious M2E start-up is setting out to revolutionise the sector.

02.03 / 18:47

UPS CBDC Digital Top Official Says US Treasury Assessing Viability of Digital Dollar – Here's the Latest

The US is actively evaluating whether a digital version of the dollar is in the national interest, the US Treasury Department's undersecretary for domestic finance, Nellie Liang has said.

02.03 / 15:37

UPS Citi Provident Digital China’s CBDC initiative gets cold reception from Hong Kong visitors

The city of Shenzhen, China’s southeastern metropolis that connects the mainland to Hong Kong, has begun to issue digital yuan hard wallets to Hong Kong tourists, but demand has fallen short of expectations thus far.

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