China Financial News

02.03 / 15:29

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.

02.03 / 14:31

CBDC Adoption Bank of China reports NOT Hong Kong citizens not interested in digital yuan: Reports

The Chinese government’s beloved project of central bank digital currency (CBDC) has not sparked much enthusiasm in the citizens of Hong Kong. In the first four days since the “digital yuan” (also known as “e-CNY”) hard wallets became accessible to the islanders, only 625 Hongkongers had actually obtained them.

02.03 / 14:25

CBDC Adoption China's Digital Yuan Fails to Gain Traction with Hong Kong Visitors – Is China's Digital Currency Facing a Roadblock?

Shenzhen, China started offering physical cards and discounts to Hong Kong tourists in order to drive the cross-border use of its digital yuan - but the first few days seem to have been a bit slow.

02.03 / 13:29

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.

02.03 / 11:55

Ethereum ETH BTC Digital Progressive CoinMarketCap Bitcoin Bitcoin Price and Ethereum Prediction: Stagnant Trading Range Leaves Traders Wondering About the Next Move

Bitcoin (BTC), the world's largest cryptocurrency, has recovered some of its losses and gained modest traction around the $23,500 level as the crypto market regains impetus following continuous progress in the industry. Currently, Bitcoin and Ethereum are trading at $23,516.89 and $1,649.09, respectively.

01.03 / 22:49

Provident Lowe's Manufacturing JPMorgan Novavax Sarepta Stocks making the biggest moves midday: Lowe's, 3M, First Horizon, Nio and more

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01.03 / 20:15

regulation Former Biden Advisor Reveals Administration's Drive Towards Digital Dollar – What's Going On?

A former top economic adviser for President Joe Biden has revealed that the administration is pushing to launch a digital dollar in a bid to “crowd out” private cryptocurrencies.

01.03 / 17:37

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

01.03 / 17:01

MET U.S. Treasury Official Travels to Beijing Despite China Tensions

A senior Treasury Department official recently traveled to Beijing, according to people familiar with the matter, in a sign of continued diplomacy despite recent tensions between the U.S. and China.

01.03 / 14:39

MET Treasury Official Travels to Beijing Despite U.S.-China Tensions

A senior Treasury Department official recently traveled to Beijing, according to people familiar with the matter, in a sign of continued diplomacy despite recent tensions between the U.S. and China.

01.03 / 14:39

Fewer American Companies See China as a Top Investment Priority

HONG KONG—Fewer U.S. companies consider China a top investment destination following disruptions caused by Beijing’s harsh anti-Covid measures and rising geopolitical tensions, according to an annual survey by a major American business group.

01.03 / 12:11

Manufacturing China’s Economy Seen Emerging From Zero-Covid Shadow

HONG KONG—Economic activity in China expanded sharply for a second straight month, in an early sign the country may be shaking off the impact of pandemic curbs sooner than expected.

01.03 / 09:51

business Government Blockchain Adoption us government Federal Reserve US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head

A cryptocurrency researcher and former CIA analyst believes the United States government’s relatively slow start on Central Bank Digital Currency (CBDC) development may result in it losing grip on controlling the global financial system.

01.03 / 08:51

CBDC regulation privacy Federal Reserve sanctions United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden advisor

The creation of a United States digital dollar would “crowd out” the cryptocurrency ecosystem and protect the national security of the U.S. according to a former top advisor in president Joe Biden’s administration.

01.03 / 05:33

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

28.02 / 23:19

Blockchain COST Digital SEC Platform Action tokenisation Could 2023 be the year of DeFi tokenisation?

So far 2023 has been characterized by breakout narratives - from the AI boom to the hype around Chinese crypto. Could DeFi Tokenization of Real World Assets (RWA) be the next big thing?

28.02 / 17:21

COST Battlefield Russia Turns to China’s Yuan in Effort to Ditch the Dollar

Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan.

28.02 / 16:47

Provident Action Qualcomm Intel Huawei Huawei Export Licenses Could be Revoked by U.S.

The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies Co., according to people familiar with the matter, part of a broader tightening of technology trade over national security concerns.

28.02 / 16:47

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

28.02 / 06:11

UPS Lowe's Aware Action SPY The U.S. and China have a culture clash around their telephone hotline

BEIJING — The politically important U.S.-China relationship is vulnerable to cultural differences — such as why a phone call doesn't get picked up.

27.02 / 17:53

foreign hearing Evergrande’s foreign bondholders push back ahead of hearing

Property developer China Evergrande is struggling to reach a deal with foreign bondholders, raising the possibility that a court will tell the company to wind down.

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