China Financial News
13.12 / 13:53
Manufacturing
Action
U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China
The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”
12.12 / 19:25
Sport
Tether
Gaming
USDC
reserves
Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering Case, KuCoin's and ByBit's Proofs of Reserves
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
12.12 / 18:51
Manufacturing
Action
U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China
The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”
12.12 / 18:31
Blockchain
Art
NFT
expansion
NFT project blocks Chinese Twitter comments citing the need for 'North American expansion'
According to a Twitter post dated Dec. 11, SHHAN, creator of the black cats nonfungible tokens (NFT) collection Mimic Shhans, explained to users why he was blocking posts on community social pages written in the Chinese language. The move came after users condemned the new measures as discriminatory. According to SHHAN, who is based in South Korea, but created a Chinese post to specifically address the issue:
12.12 / 10:03
BitMEX
Bankruptcy
Bitcoin
gone
Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'
Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the "largest most irresponsible entities" have run out of BTC to sell.
12.12 / 09:57
Military
peace
Serbian President Vucic pledges to ensure peace amid simmering ethnic tensions in Kosovo
Following a meeting of Serbia's National Security Council, Serbian President Aleksandar Vucic has vowed to maintain peace but claims his army is ready to protect minority Serbs living in neighbouring Kosovo.
11.12 / 13:55
Manufacturing
Action
U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China
The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”
10.12 / 18:39
Manufacturing
Action
U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China
The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”
10.12 / 15:31
Twitter
Dash
Binance
FTX
Traders Predict Binance Insolvent After No 3Commas Refund - Crypto Crash Incoming?
After a Twitter user complained that Binance and CEO Changpeng "CZ" Zhao had done nothing to help them recover monies they believed were stolen from their account, Binance terminated the user's account. The client has three days to make a withdrawal request.
10.12 / 14:45
markets
Bitcoin
Bitcoin Price
Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst
Bitcoin (BTC) maintained $17,000 support into Dec. 10 ahead of a critical week of macro data.
10.12 / 04:55
business
Investments
Lessons we learned from the Terraform-FTX implosions
In May 2022, Terraform Labs’ LUNA cryptocurrency and TerraUSD (UST) stablecoin collapsed, triggering a massive shock in the crypto industry. Six months later, the bruised industry took another hammering as one of the largest cryptocurrency exchanges, FTX, filed for bankruptcy protection and billions of dollars of user assets went missing. The FTX empire, once valued at more than $30 billion, fell to zero in fewer than 10 days.
09.12 / 19:25
International
Fidelity International scores mutual fund license in China
Fidelity International has received final approval from regulators in China to start selling mutual funds in the world’s second-largest economy, joining other global investment firms that directly manage money for individual Chinese investors.
09.12 / 17:07
Manufacturing
Action
U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China
The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”
08.12 / 16:57
Research
Bitcoin
Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals
Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but they generate more exchange volume than anyone else.
08.12 / 16:09
Manufacturing
Action
U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China
The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”
08.12 / 15:23
fall
Chinese Exports Fall at Steepest Pace in More Than Two Years
HONG KONG—Chinese exports fell at the steepest pace in more than two years in November, the latest indication of how the country’s pandemic restrictions and waning global demand for goods is throttling China’s economy.
08.12 / 15:23
WTO
EU Sues China in WTO Over Trade Retaliation on Lithuania
BRUSSELS—The European Union sued China in the World Trade Organization over punitive trade restrictions that Beijing imposed on Lithuania last year, harming the small Baltic state and the 27-country bloc.
08.12 / 15:09
Tether
USDT
Chinese yuan
Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?
Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain.
08.12 / 13:01
regulation
exchanges
TradFi
Hong Kong to subject crypto exchanges to the same laws governing TradFi
Hong Kong’s legislative council has passed a new amendment to its anti-money laundering (AML) and terrorist financing system to include virtual asset service providers.
08.12 / 09:11
European Union
Ukraine war. Germany's Scholz says nuclear weapons risk has diminished
The risk of Moscow using nuclear weapons in the Ukraine conflict has diminished because the international community "has drawn a red line" at Russia, according to German Chancellor Olaf Scholz.
07.12 / 21:03
Manufacturing
Action
U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China
The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”
latest developments in China
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In China, the spotlight is on local government initiatives that spark public discussion.
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