China Financial News
17.01 / 06:51
17.01 / 06:51
Digital
NOT
Central-Bank Digital Currencies Are Coming—Whether Countries Are Ready or Not
“Central-bank digital currency” doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.
17.01 / 05:37
COST
Lowe's
China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
SINGAPORE—China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hammered households and businesses, emphasizing the high cost of zero-tolerance Covid-19 policies that Beijing abruptly abandoned at the end of 2022.
17.01 / 05:37
Continental
Yellen, Top Chinese Official to Meet, Try to Smooth Economic Ties
WASHINGTON—U.S. Treasury Secretary Janet Yellen will meet with senior Chinese official Liu He this week as the two superpowers try to rekindle a relationship that accounts for much of the world’s economic activity but has grown tense over technology access, trade policy and Taiwan.
17.01 / 05:37
China’s Export Decline Deepens, Threatening Growth
HONG KONG—The export boom that carried China’s economy through much of the Covid-19 pandemic has lost momentum, adding urgency for Beijing to seek growth drivers elsewhere as the global economy struggles.
16.01 / 18:39
Digital
NOT
Central-Bank Digital Currencies Are Coming—Whether Countries Are Ready or Not
“Central-bank digital currency” doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.
16.01 / 17:23
business
CBDC
regulation
Financial Times
Winter Olympics
Costs
NOT
CBDCs not worth the costs and risks, says former BoE advisor
Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions over the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities, and it was available for use at the Winter Olympics.
16.01 / 14:19
Lowe's
Four Signs Consumers Are Pessimistic About the Economy
Many consumers around the world see an economic downturn coming in the year ahead.
16.01 / 14:19
China’s Export Decline Deepens, Threatening Growth
HONG KONG—The export boom that carried China’s economy through much of the Covid-19 pandemic has lost momentum, adding urgency for Beijing to seek growth drivers elsewhere as the global economy struggles.
16.01 / 13:43
Continental
Yellen, Top Chinese Official to Meet, Try to Smooth Economic Ties
WASHINGTON—U.S. Treasury Secretary Janet Yellen will meet with senior Chinese official Liu He this week as the two superpowers try to rekindle a relationship that accounts for much of the world’s economic activity but has grown tense over technology access, trade policy and Taiwan.
16.01 / 12:55
16.01 / 00:05
15.01 / 18:09
China’s Export Decline Deepens, Threatening Growth
HONG KONG—The export boom that carried China’s economy through much of the Covid-19 pandemic has lost momentum, adding urgency for Beijing to seek growth drivers elsewhere as the global economy struggles.
14.01 / 19:15
China’s Export Decline Deepens, Threatening Growth
HONG KONG—The export boom that carried China’s economy through much of the Covid-19 pandemic has lost momentum, adding urgency for Beijing to seek growth drivers elsewhere as the global economy struggles.
14.01 / 17:07
regulation
Bitcoin
Can Canada stay a crypto mining hub after Manitoba’s moratorium?
Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms have moved to the country to take advantage of the cool temperatures and cheap energy prices.
14.01 / 14:51
Digital Currency Group
genesis
Justin Sun Says He's Interested in Putting Up to $1 Billion for a DCG Asset Fire Sale
Justin Sun, founder of TRON Foundation, has revealed he is willing to spend up to $1 billion of his own money to buy assets of embattled cryptocurrency lender Genesis’ parent firm, Digital Currency Group (DCG).
13.01 / 17:57
CBDC
Update Lets Digital Yuan Users Pay with Mobiles – Even When Their Battery’s Flat
Another update to China’s digital yuan app is allowing users in pilot zones to pay using their cell phone – even if their devices have run out of battery or have no mobile signal.
13.01 / 17:49
UPS
Digital
e-CNY
China’s e-CNY app launches offline payments
The digital Yuan wallet was launched early 2022, and as of June last year was downloaded by 261 million individuals.
13.01 / 12:17
China’s Export Decline Deepens, Threatening Growth
HONG KONG—The export boom that carried China’s economy through much of the Covid-19 pandemic has lost momentum, adding urgency for Beijing to seek growth drivers elsewhere as the global economy struggles.
12.01 / 23:21
business
Blockchain
Survey
businesses
90% of businesses adopting blockchain technology, data
The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry.
12.01 / 17:03
business
Blockchain
Ant
Jack Ma surrenders control of fintech giant Ant Group
Chinese billionaire and Alibaba founder Jack Ma will no longer control the fintech giant Ant Group as part of recent changes to the company’s corporate structure.
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