China Financial News

03.02 / 18:33

UPS FIVE IMF Tempers Its Medium-Term Economic Growth Forecast for China

The International Monetary Fund has slashed its medium-term growth forecast for China even though it bumped up its 2023 projection for the world’s No. 2 economy, underscoring the persistent economic challenges Beijing faces despite its recent change toward a more pro-growth tone.

03.02 / 17:19

Blockchain Citi Digital Enterprise Chinese City of Suzhou Aims to Transact $297bn Worth of Digital Yuan in 2023

The city of Suzhou, in China, hopes its residents and local firms will transact a cumulative total of around $297 billion worth of the central bank’s digital yuan token this year.

03.02 / 13:35

UPS global economy IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens

WASHINGTON—Resilient demand, easing inflation and China’s reopening should allow the global economy to grow a bit faster than previously expected, the International Monetary Fund said.

03.02 / 13:35

COST Eurozone’s Economy Outpaced China and U.S. in 2022

The eurozone economy grew faster than China and the U.S. last year, underlining how the fading Covid-19 pandemic continues to scramble traditional patterns of global growth.

03.02 / 13:35

Manufacturing China’s Consumers Drive Rebound in Economic Activity

HONG KONG—Economic activity in China shook off a monthslong slump in January following the lifting of Beijing’s zero-Covid policy, a positive sign for a global economy that faces a litany of challenges this year.

03.02 / 00:31

markets stocks Federal Reserve Bitcoin Bitcoin Price Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve (FED) announced plans to raise interest rates by 25 basis points.

02.02 / 21:49

business Blockchain CBDC Yuan e-CNY Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou

According to local news outlet JS China, on Feb. 1, an annual meeting regarding the trial of the digital yuan central bank digital currency (e-CNY CBDC) was attended by senior Communist Party officials in the City of Suzhou. As part of the meeting outcomes, party officials have set a tentative key performance indicator (KPI) of 2 trillion CNY ($300 billion) for e-CNY CBDC transactions in the city by the end of 2023 to be implemented by municipal administrators through promotional efforts.

02.02 / 18:19

regulation Freedom Bitcoin Community mocks Charlie Munger for his obsession with China’s Bitcoin ban

The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway, for calling the United States to follow in the footsteps of China and ban crypto.

02.02 / 17:23

regulation Action Gap Bitcoin Billionaire Charlie Munger Says America Should Ban Crypto – Here's Why

The US should follow in China’s footsteps and implement “a ban of cryptocurrencies,” according to billionaire investor Charlie Munger.

02.02 / 15:59

UPS global economy IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens

WASHINGTON—Resilient demand, easing inflation and China’s reopening should allow the global economy to grow a bit faster than previously expected, the International Monetary Fund said.

02.02 / 15:59

Manufacturing China’s Consumers Drive Rebound in Economic Activity

02.02 / 15:59

COST Eurozone’s Economy Outpaced China and U.S. in 2022

The eurozone economy grew faster than China and the U.S. last year, underlining how the fading Covid-19 pandemic continues to scramble traditional patterns of global growth.

02.02 / 13:43

Law regulation Bank of China Bitcoin Bank of China ex-advisor calls Beijing to reconsider crypto ban

The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions.

02.02 / 00:53

business Binance FTX New FTX documentary to spotlight SBF-CZ relationship

The FTX saga and the developments that led to the crypto exchange's collapse will be framed in a new documentary focusing on the volatile relationship between Sam Bankman-Fried and one of his fiercest critics, Binance founder Changpeng Zhao.

01.02 / 19:03

OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty

A panel of OPEC+ energy ministers Wednesday said the group of petrostates would continue cutting oil production, amid uncertainties about demand in China and the impact of sanctions on Russian crude supplies.

01.02 / 17:57

Manufacturing China’s Consumers Drive Rebound in Economic Activity

01.02 / 17:57

COST Eurozone’s Economy Outpaced China and U.S. in 2022

The eurozone economy grew faster than China and the U.S. last year, underlining how the fading Covid-19 pandemic continues to scramble traditional patterns of global growth.

01.02 / 16:03

UPS global economy IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens

WASHINGTON—Resilient demand, easing inflation and China’s reopening should allow the global economy to grow a bit faster than previously expected, the International Monetary Fund said.

01.02 / 16:03

OPEC+ Ministers Set to Stay the Course on Oil Production Amid China Covid Woes

An OPEC+ panel will likely recommend keeping the group’s current oil-production policy unchanged Wednesday, delegates said, amid uncertainties about demand in China and the impact of sanctions on Russian crude supplies.

01.02 / 16:03

U.S. Pursues India as a Supply-Chain Alternative to China

WASHINGTON—The Biden administration is turning to India for help as the U.S. works to shift critical technology supply chains away from China and other countries that it says use that technology to destabilize global security.

01.02 / 14:15

UPS Citi Digital Citizens Changsha, China: 300,000 of Our Merchants Accept Digital Yuan

Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country.

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