China Financial News
17.02 / 11:49
Bitcoin news
crypto news
Charlie Munger says cryptocurrencies should have been banned earlier
Munger, 98, spoke while fielding nearly two hours of questions at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publisher and provider of software to courthouses that he chairs. He is better known as vice chairman of Buffett's conglomerate Berkshire Hathaway Inc since 1978.
17.02 / 10:13
Blockchain
Ethereum
Adoption
Bitcoin
Crypto is like 'venereal disease' and should be banned: Charlie Munger
Charlie Munger, the ancient vice chairman of Berkshire Hathaway and Warren Buffet’s right hand man, has no issue with providing his honest thoughts on cryptocurrency: He hates it.
17.02 / 09:15
cryptocurrency
Provident
Software
"Crypto Should Have Been Banned": Berkshire Hathaway's Charlie Munger
Charlie Munger is the vice chairman of Warren Buffett's conglomerate Berkshire Hathaway Inc since 1978.
17.02 / 08:01
cryptocurrency
Tesla
elon
Elon Musk recalls billionaire Charlie Munger describing 'all the ways Tesla would fail'
Tesla chief Elon Musk recalled the time when billionaire investor Charlie Munger described “all the ways” in which his electric car company would fail.
17.02 / 08:01
cryptocurrency
Bitcoin
Berkshire Hathaway Vice President Charlie Munger calls cryptocurrency ‘venereal disease’
Billionaire investor and Berkshire Hathaway Vice President Charlie Munger reiterated his extremely-hostile and belligerent stance on cryptocurrencies during the annual general meeting of Los Angeles-based publication Daily Journal, a company he has helmed since 1977, managing the newspaper's publisher and software supplier's investment portfolio.
17.02 / 05:43
UPS
COMPOSITE
MSCI
Global investors snap up Chinese stocks despite market declines
BEIJING — International investors are putting more money into Chinese stocks, even as local investors have remained cautious on the mainland markets.
17.02 / 04:35
CBDC
Adoption
banking
Winter Olympics
Chinese IT Companies, Banks Expand Range of Offline Digital Yuan Solutions
Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC).
17.02 / 03:11
Private equity houses keep faith in China despite business crackdown
For the last fortnight, China has been celebrating the Year of the Tiger, a symbol of the country’s culture that is said to represent courage, bravery, competitiveness and confidence.
17.02 / 01:17
markets
Blockchain
NEO
NEO price climbs after China’s BSN gives the project the green light on NFT marketplaces
As the field of viable layer-one blockchain protocols continues to expand with newer entrants trying to solve the issue of high transaction costs and slow processing times, older projects find themselves utilizing their history and track record to set themselves apart and secure a market share that will ensure their survival through the next market cycle.
16.02 / 23:27
Africa
Tourism
Crisis in Ukraine
Financial
EU financial institutions pledge €30 billion for Africa on eve of summit
European banks and financial institutions have pledged €30 billion in investment for countries in sub-Saharan Africa on the eve of the European Union-African Union summit in Brussels.
16.02 / 20:55
Citi
Remark
Subway
China’s ‘Zero-Covid’ Policy Holds Lessons for Other Nations
Ever since China adopted its policy of stamping out every Covid-19 infection, outsiders have wondered whether it could last. With each new, more infectious variant, “zero Covid” has required more vigilant and frequent crackdowns on daily activity.
16.02 / 17:15
Target
Action
2020
Deal
U.S. Faults China for Failing to Meet Purchase Targets Under 2020 Trade Deal
WASHINGTON—The Biden administration faulted China for failing to meet its commitments to purchase U.S. goods under the 2020 trade deal, and said it was prepared to take further action to level the competitive playing field with Beijing.
16.02 / 13:15
Adoption
Sport
Central Bank
Winter Olympics
Here’s how much digital yuan used at Olympics, according to PBoC
The 2022 Winter Olympics participants, visitors and organizers could be spending more than $300,000 in China’s digital yuan every day, according to new reports citing officials from the People’s Bank of China.
16.02 / 10:49
Manufacturing
boost
China Inflation Eases as Economy Could Use a Boost
HONG KONG—Inflationary pressure in China continued to ease in January, offering room for Beijing to stimulate growth while more major economies are looking to tighten policy to curb rising prices.
16.02 / 05:11
16.02 / 04:27
cryptocurrency
Ban
Bitcoin
China Says it Has Closed all Crypto Exchanges – But Traders, Miners May Still Be Active
The Chinese central bank – the People’s Bank of China (PBoC) – says that all crypto exchanges and peer-to-peer (P2P) trading platforms have now been closed down on the Mainland. But it appears the authorities are still fighting an ongoing struggle against crypto mining, with many advocates thought to have taken their operations underground.
15.02 / 20:21
15.02 / 17:23
Blockchain
Adoption
Winter Olympics
Bitcoin
controversy
Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy
The 2022 Winter Olympics, officially called the XXIV Olympic Winter Games, kicked off on Feb. 4 in Beijing with crypto being a major part of the event, partly because of the Chinese government’s digital currency ambitions.
15.02 / 11:45
Chinese Developers’ Sales Tumble in January
China’s property developers started 2022 with weak sales, as many real-estate companies struggled to rekindle interest from home buyers despite Beijing’s recent attempts to ease some restrictions on the troubled sector.
15.02 / 03:29
Japan’s Economy Recovers in Fourth Quarter
TOKYO—Japan’s economy returned to growth in the October-December quarter after restrictions related to the Covid-19 pandemic were lifted, leading to a recovery in consumer spending.
14.02 / 23:27
UPS
Pool
Bitcoin
ATH
A different kind of ATH for Bitcoin and why it might matter
The Bitcoin network made headlines this week after its hash rate managed to reach a new all-time high of 248.11 million terahashes per second. However, a slight drop was noticed on 14 February. Even so, there was strong support for a continued trend towards accelerated security on the network.
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