China Financial News

18.04 / 22:37

Ukraine war: Where does each EU country stand on cutting off Russian oil and gas?

EU ministers have been discussing a potential sixth round of sanctions against Russia over its invasion of Ukraine, but an embargo on oil or gas to stop financing Putin's war machine continues to divide the bloc.

18.04 / 17:19

Citi restrictions recovery China’s Covid-19 Restrictions Threaten Economic Recovery

HONG KONG—China’s severe Covid-19 restrictions, which for two years aided the country’s pandemic rebound by keeping the virus outside its borders, are now emerging as the largest threat to its growth.

18.04 / 12:07

Citi Waves Southern Deaths reports Shanghai reports first Covid deaths since the start of its latest lockdowns

BEIJING — Shanghai city reported Monday its first Covid-related deaths since the latest wave of lockdowns began in earnest in late March.

18.04 / 05:17

Target China’s Economy Expanded 4.8% in First Quarter, Beating Expectations

BEIJING—China’s economy expanded 4.8% from a year earlier in the first three months of the year, beating market expectations as the largest domestic Covid-19 outbreaks in two years disrupted business operations and dampened consumer spending.

18.04 / 05:13

UPS Reuters Aware China's first quarter GDP beats expectations to grow 4.8% year-on-year

BEIJING — China's first quarter GDP grew faster than expected despite the impact of Covid lockdowns in parts of the country in March, according to data released by the National Bureau of Statistics Monday.

17.04 / 12:11

cryptocurrency Digital CryptoExplainer Tencent Financial NFTs Lead To Financial Risks, Warned China

China warns of NFT-related financial risks

17.04 / 04:35

Citi Waves Target China's Covid policy locks down a city three times the size of New York

China's latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — to stay home and undergo mass virus testing in the metropolis of Shanghai.

16.04 / 09:01

cryptocurrency Crime North Korea hackers behind record $620-million crypto theft, says US

North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting players of the popular Axie Infinity game, US authorities said Thursday.

16.04 / 03:11

Adoption Tencent WeChat New Tencent Digital Yuan Wallet Preparing to Launch

First images have emerged of specialized digital yuan wallets provided by the Tencent-run e-pay platform WeChat Pay.

15.04 / 23:33

UPS Provident Bitcoin Report: ‘Most Crypto-friendly Country for Q1 2022’ title goes to…

According to a new study, Germany has topped Singapore to become the most crypto-friendly country. The report states that “groundbreaking” legislations were carried out at the institutional level for a bright crypto future in the country.

15.04 / 20:53

Blockchain COST Platform Swappi Launches as the First DEX on Conflux ‘eSpace’ with USD 25M in TVL

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

15.04 / 20:41

UPS Support China’s Central Bank Takes Small Steps to Support Economy

SINGAPORE—China’s central bank relaxed a key constraint on bank lending while keeping benchmark interest rates unchanged, steps that economists said will do little to spur growth in an economy struggling with its worst Covid-19 outbreak since the pandemic began.

15.04 / 13:53

Blockchain Binance Digital Ripple We're all gonna make it? Crypto bosses say the 'tide is turning' on regulation

PARIS — The crypto world may have turned a corner when it comes to regulation.

15.04 / 09:41

cryptocurrency Cardano avalanche Bitcoin analysts Bitcoin surpasses $41,000 as technical analysts predict bounce

Bitcoin climbed above $41,000, advancing along with equities after China indicated it’s about to loosen monetary policy. The largest cryptocurrency rose as much as 0.6% to $41,500 on Thursday, gaining for a second day. Katie Stockton, co-founder of Fairlead Strategies LLC, said technical indicators she follows suggest Bitcoin could be due for a short-term bounce to as high as $51,000, assuming it can break through its 200-day moving average, which stands at just above $48,000. “We expect an oversold bounce and a higher low,” Stockton said.

14.04 / 21:41

European Union Ukraine war may create 'more hunger' and 'social unrest', warns IMF chief

The head of the International Monetary Fund (IMF) has warned that the war in Ukraine is threatening world food security, amid chronologically high inflation.

14.04 / 19:07

Provident Target Fighting Align White House will crack down on Russian attempts to evade sanctions, Biden security advisor says

WASHINGTON — National security adviser Jake Sullivan said Thursday that the Biden administration is focused on ensuring Russia isn't able to evade punishing global sanctions for its war in Ukraine.

14.04 / 14:51

Volkswagen Chinese EV maker Nio says it's gradually resuming production after Covid halt

BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours' drive west of Shanghai, after temporarily halting operations due to the Covid outbreak.

14.04 / 12:49

Digital Apple Tencent Winter Olympics Tencent commences test programme for digital yuan wallet

To qualify, consumers need to to activate the wallet function of WeBank, Tencent’s digital banking arm, in the central bank's e-CNY app, which arrived in Android and Apple app stores in January.WeChat and Ant Group's Alipay currently control a combined 94% of China’s online payment market.The People's Bank of China rolled out digital yuan pilots in eleven additional cities last month after showcasing the currency internationally at the Winter Olympics.

14.04 / 12:17

Digital SUN Racing Digital Zodiac Heads Surface on APENFT Marketplace: Decentralized World Welcomes Rare NFT Art Pieces

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

14.04 / 09:23

Blockchain Provident Digital ‘Demystifying Crypto’- What this new study reveals about crypto trends

Cryptocurrency adoption across the globe has been growing rapidly. Looking at the impressive market of digital tokens, several countries have been working on the regulations front- China being an exception. The opinion of lawmakers in this regard is of prime importance. Even so, the perception of a country’s citizens matters too.

13.04 / 23:51

Law NFT regulation regulatory China-based regulatory and trade associations target NFTs in latest risk notice

The China Banking Association, China Internet Finance Association, and Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in nonfungible tokens, or NFTs.

latest developments in China

What is the current situation in China?

In China, the spotlight is on major events that affect the region’s daily life.

Where can I find reliable news about China?

We publish in-depth coverage about the situation in China, based on information from regional journalists.

What shapes the media agenda in China?

The news landscape of China is shaped by major cultural and social events, reflecting its specific characteristics.