China Financial News

18.10 / 22:53

regulation Environment European Union Energy Consumption European Commission regulatory Europe moves toward regulatory action on crypto’s environmental impact, energy use

The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green Deal and the REPowerEU Plan, both of which aim at energy savings by digitalizing the energy sector. The European energy planners have crypto miners in their sights along with myriad other energy users.

18.10 / 19:06

Man Parke S Korean Nat’l Broadcaster Exec Received Crypto from Head of Pyongyang-linked Body

An executive news director at the national South Korean broadcaster KBS received “crypto” from a figure at the head of an organization with alleged ties to North Korea, an official audit has revealed.

18.10 / 15:49

Provident economic data China’s Economic Data Gets Harder to Find as Growth Slows

HONG KONG—The world is eager for clues about the health of China’s economy as the country endures its worst prolonged slowdown in years. But getting a clear picture has only grown more difficult, as data becomes harder to obtain and unflattering analysis vanishes.

17.10 / 21:27

COST High Inflation Darkens Global Economic Outlook

WASHINGTON—Policy makers around the world see rising risks that the global economic slowdown could turn into a steeper slump due to strong inflation, high energy costs and climbing interest rates.

17.10 / 18:00

BTC Software Bitcoin tracking South Korean Prosecutors Say They Want to Buy New Crypto-tracking Tools

Prosecutors in South Korea say they will spend money on crypto tracking tools – and have claimed that they will use these innovative solutions to crack down on money-laundering, crypto-powered drug deals, and kimchi premium trading.

17.10 / 14:03

China Abruptly Delays GDP Release During Communist Party Conference

HONG KONG—China abruptly delayed the publication of its third-quarter gross domestic product data on Monday, a day before it was set to be released, an unusual move as the country’s ruling Communist Party stages a key political gathering this week.

17.10 / 13:15

Digital Platform week Hong Kong to Clarify Crypto Position During FinTech Week

The authorities of China’s Hong Kong Special Administrative Region are expected to present a policy statement on the development of the city’s digital assets market at the forthcoming Hong Kong Fintech Week event.

17.10 / 11:21

FIVE Manufacturing Remark foreign China's new growth goals require a change for attracting foreign investors, official says

BEIJING — A Chinese official confirmed Monday a shift in the country's growth goals and indicated things will change for foreign investment.

16.10 / 22:09

week Economy Week Ahead: U.S. Housing Market and Inflation Abroad in Focus

China’s National Bureau of Statistics releases third-quarter gross domestic product, along with September retail sales and fixed-asset investment, a measure of infrastructure and equipment investing. China’s economy expanded at a 0.4% annual rate in the second quarter, its weakest growth rate in more than two years.

16.10 / 11:49

FIVE Manufacturing Remark China's Xi downplays need for rapid growth, proclaims Covid achievements

BEIJING — Chinese President Xi Jinping affirmed Sunday the country's recent shift away from rapid growth and greater focus on national self-sufficiency, especially in technology.

16.10 / 08:31

FIVE foreign Xi warns against foreign interference in Taiwan, says China will 'never promise to renounce' force

BEIJING — Chinese President Xi Jinping said China reserves the option of «taking all measures necessary» against «interference by outside forces» on the issue of Taiwan.

15.10 / 21:20

ETF SEC Bitcoin Grayscale BTC Trust trades at a record 36.7% discount, but is it justified?

U.S. investors have been waiting for a Bitcoin exchange-traded fund (ETF) approval since May 2014 when the Winklevoss Bitcoin Trust filed an amendment request at the Securities and Exchange (SEC).

15.10 / 18:21

Lowe's ETF Fallout week Why the oil trade may have more juice despite a losing week

Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank.

14.10 / 21:39

markets Federal Reserve Bitcoin Bitcoin Price Bitcoin trader predicts $18K return within days as stocks wilt post-CPI

Bitcoin (BTC) cooled near $19,200 after the Oct. 14 Wall Street open as stocks struggled to preserve their “bear trap.”

14.10 / 18:59

Digital Валюта CNY JPY Chinese researchers propose digital currency to rival U.S. dollar

Researchers from the Institute of World Economics and Politics under the Chinese Academy of Social Sciences have proposed a bold plan to combat the U.S. Dollar’s influence in their part of the world.

14.10 / 17:23

China’s Inflation Rises at Fastest Pace in Two Years

SINGAPORE—Consumer prices in China rose in September at their fastest annual pace in more than two years, though inflation in the world’s second-largest economy remains mild compared with rates seen in Europe and the U.S.

14.10 / 14:11

Binance Digital Pool Bitcoin Binance Launches $500M Fund for Distressed Bitcoin Miners

Private and publicly-listed bitcoin miners can now apply for loans with Binance, as the cryptocurrency exchange launched a $500 million fund on October 14 for miners unable to cope with the ongoing downturn of the crypto-market conditions.

14.10 / 09:37

Adoption Digital Currency Asia China floats idea of 'Asian yuan' to reduce reliance on US dollar

Researchers from a Chinese state-run think tank have floated the idea of an Asia-wide digital currency with the aim to reduce its reliance on a United States dollar-based economy.

14.10 / 07:15

FIVE Reuters Fighting China's consumer prices jump by the most in more than two years

BEIJING — China's consumer prices rose in September at their fastest pace in more than two years as pork prices climbed, the National Bureau of Statistics said Friday.

14.10 / 03:55

UPS Enterprise MSCI China is no longer just any emerging market — it has become its own beast

BEIJING — China is no longer just another emerging market play. Now, the country is becoming its own beast — with all the risks and rewards that come with being a world power.

13.10 / 21:22

business Stablecoin Tether bonds Tether reduces commercial paper exposure to zero, replaces investments with T-Bills

Stablecoin issuer Tether Holdings Limited has unwound its exposure to commercial paper, addressing a long-standing item of contention among detractors who’ve criticized the quality of its reserves.

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