China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test. ( read original story …)
Monthly Archives For April 2020
DForce hacker returns $25m in ‘stolen’ crypto-currencies
A mystery hacker allegedly stole $25m (£20m) in crypto-currencies – and then returned the funds two days later. Records show that funds in a variety ofere withdrawn from the DForce platform based in … (…
Exclusive: Trump pressed to halt federal pension investments in China’s ZTE, Hikvision
Lawmakers and former officials are making a last ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that … ( read original story…
Trump’s Attacks on the World Health Organization Are Hurting Its Brand
38 percent of voters blame Beijing for the spread of coronavirus in the United States, a new high. President Donald Trump’s repeated attacks on how the World Health Organization and China handled the … (…
Beijing names islands in disputed South China Sea
China on Tuesday defended its naming of 80 islands and other geographical features in the South China Sea in a move likely to anger neighbours as the country asserts its territorial claims. A joint an…
Hong Kong crisis escalates as China moves to hasten demise of city’s autonomy
With the world’s attention diverted by the coronavirus pandemic, Beijing intervenes to cripple the territory’s democratic ambitions. ( read original story …)
Amid Covid-19, China Ups Its Game in Latin America
While the U.S. leadership in Latin America is being called into question, Beijing is positioning itself to carry the mantle. ( read original story …)
Huawei, China’s mobile carriers bring 5G communications to Mount Everest
Huawei Technologies has teamed up with wireless network operators China Mobile, China Unicom and China Telecom to roll out advanced 5G infrastructure on , the world’s highest mountain above sea level. ( read original story…
Profits of China’s state-owned firms fall 59.7% year-on-year in first quarter: finance ministry
Profits of China’s state-owned firms plunged 59.7% in the first three months of 2020 from a year earlier to 329.16 billion yuan ($46.46 billion), the Finance Ministry said on Tuesday, as the … ( read…
KPMG China launches the third KPMG China Leading AutoTech 50 report
China’s automotive industry sees transformation opportunities, while balancing risks amid the pandemic HONG KONG, April 21, 2020 /PRNewswire/ — China’s automotive industry is entering a phase rapid … ( read original story …)
Comparing COVID-19 and fintech in Hong Kong and China
Fintech Beat talks to internationally renowned Hong Kong University professor Douglas Arner to understand differences in Big Tech, fintech and digitization in Hong Kong, mainland China and the wider … ( read original story …)
Rep. Dan Crenshaw Says China Has ‘Wronged’ Americans And Will Be Sued Over Coronavirus Response
The GOP congressman also accused Chinese authorities of spreading “false talking points” about the virus earlier this year. ( read original story …)
This crisis has taught us the true cost of doing business with China
With their commodity exports plummeting amid the global economic crash, debtors to China in Africa and Asia may soon be faced with a horrible choice: Impoverish their people to pa … ( read original story…