A cyber yuan stands to give Beijing power to track spending in real time, plus money unlinked to the global financial system dominated by the dollar. It also could soften the bite of U.S. sanctions.
Monthly Archives For April 2021
China Looms Large in Biden Infrastructure Plan
Lurking just behind the domestic debate breaking out over President Biden’s $2.3 trillion infrastructure plans is a powerful foreign force: China. The Biden team sees the plan—and wants the Chinese to …
Kevin O’Leary calls for ‘extremely aggressive’ steps to level the playing field with China
The U.S. should be “extremely aggressive” to level the playing field with China in the ongoing competition between the two sides, Kevin O’Leary told CNBC. That could include delisting Chinese stocks …
‘Godzilla vs. Kong’ brings $285 million in global sales, nearly half from China
The box office has made a comeback with the release of ‘Godzilla vs. Kong.’ CNBC’s Julia Boorstin reports what it means for theaters and entertainment companies.
Could US-China tensions hinder Beijing’s plans to integrate further with global financial markets?
China’s efforts to liberalise its financial markets, which have accelerated in recent years, mean more business for ICBC, which will act primarily as a local agent for foreign traders and provide …
Treasury Wine’s silver lining in China exports hit
Red wine grape prices are falling because of the heavy China wine tariff hit and this year’s bigger harvest. The Chinese government announced in late March that the final tariff applied to the company …
Ukraine corn exports fall 25pc in H1 2020/21, China is main market
Ukraine exported 6 million tonnes of corn to China between October 2020 and March 2021 … Ukraine harvested around 30 million tonnes of corn in 2020 and the economy ministry said the export would not…
Speed Bumps May Be In The Mix For SPACs, Traditional IPOs
In one example, Chinese FinTech Linklogis, with backing from eCommerce giant Tencent, said that it will seek to raise the equivalent of about $1 billion, through a traditional IPO listing in Hong Kong …
Beijing Winter Olympics underpinned by technological advances
Technological advances will become a key part of the Beijing 2022 Winter Olympic Games, as smart robots, 5G-enhanced “bullet-time” camera arrays and cloud-based broadcasting are tested in a major …
Kevin O’Leary Refuses Bitcoin ‘Blood Coin’ Mined in China
65% of Bitcoin has been mined, mostly via coal in China, where human rights abuses are abound … He continued by saying this was a major hurdle for those who are growing interested in crypto…
Beijing muscles in on the South China Sea filling it with hundreds of boats in an act of aggression
China has filled the disputed South China Sea with more than 200 boats lashed together in rows in an act of aggression designed to ‘squeeze out’ other countries in Asia, experts warn.
Beijing muscles in on the South China Sea filling it with hundreds of boats lashed together in an act of aggression designed to ‘squeeze out’ other Asia countries
China has filled the disputed South China Sea with more than 200 boats lashed together in rows in an act of aggression designed to ‘squeeze out’ other countries in Asia, experts warn.
Beijing vaccination effort expands to students
Beijing has provided coronavirus vaccinations for around 10.45 million people as of Sunday, with 16.68 million doses given, the city government said on Monday. More than 6 million people have received …
