China began exploring the concept of a sovereign digital currency in 2014, and has already distributed some 200 million yuan (US$30.7 million) as part of pilot projects across the country.
Monthly Archives For June 2021
Chinese exports jump, gap with US grows as tensions persist
China’s exports and imports surged in May and its politically sensitive surplus with the U.S. grew as the pandemic was waning in important markets in the West. Customs data released Monday showed …
Weibo Bans More than 12 Crypto-Related Accounts Amid China’s Crypto Crackdown
While this weekend’s round of account bans is making its round in the media, the practice of banning crypto-related accounts on Weibo is not a new phenomenon in China. For example, in 2019, Weibo …
HK IPOs at their lowest in over a decade as China cracks down
Seven companies have listed in Q2 so far, the fewest since 2009, as Beijing told 34 tech companies to rectify practices.
China’s tech hub Shenzhen restricts travel and tests millions to stem Covid-19 after 1 case confirmed
Shenzhen, known as China’s Silicon Valley, has imposed new requirements for travel and is conducting widespread testing to try and stem the spread of Covid-19 in a show of zero tolerance after the …
Huarong shows Beijing’s fear of roiling credit markets
Investors are heaving a sigh of relief after reports Beijing is weighing up a rescue of state-backed financial giant China Huarong Asset Management.
China trade: imports grow at fastest pace in a decade as trade surge continues
China’s exports grew by 27.9 per cent in May compared with a year earlier, while imports grew by 51.1 per cent last month.
China’s exports slow and German factory orders drop amid supply shortages – business live
Rolling coverage of the latest economic and financial news …
FTSE 100 slips on glum China export data, lower oil prices
The export-heavy FTSE 100 slipped on Monday as lower oil prices and glum export data from China took the shine off the boost from a weaker pound, while NetScientific jumped on a deal to globally…
How a young Indian brand is beating its Chinese rivals at their own game
“Before boAt came along, it was difficult to find quality headphones between the price of $8 to $27. They built a great product in this niche and established a strong brand using an e-commerce led…
Shanghai Stock Exchange takes global crown in IPOs
Last year, a total of 233 companies listed on the Shanghai Stock Exchange, ranking first in the number of IPOs in the world, The Paper reported. According to a report released by the Shanghai Stock…
China administered total of 777.88 mln doses of COVID-19 vaccines as of June 6
China administered about 14.8 million doses of COVID-19 vaccines on June 6, bringing the total number administered to 777.88 million, data from the National Health Authority showed on Monday.
Senate Poised to Pass Huge Industrial Policy Bill to Counter China
The broad support for the bill highlights how competition with Beijing is one of the few issues that can still unite both political parties.
