The second-largest economy is looking to leverage blockchain technology on a public platform. Enter the Blockchain-based Service Network (BSN) — it’s China’s state-backed blockchain network designed …
Monthly Archives For May 2022
WHO: COVID-19 cases mostly drop, except for the Americas
The World Health Organization says the number of new coronavirus cases and deaths are still falling globally after peaking in January …
China’s Real Estate Slump: Underlying Issues
Although the current approach will ease some major indicators, such as property sales and prices, they will not necessarily resolve the core issues.
Blinken to unveil ‘China House’ team at State Department to counter Beijing
Secretary of State Antony Blinken on Thursday will announce the launching of a “China House” in the State Department, a team of diplomats across the agency that will coordinate U.S. policy to confront …
Global Steel April Output Dips as Covid Restrictions Hit China
Global crude steel production fell for the ninth straight month in April, pulled down by a decline in output from the top producer China, impacted by new restrictions following a surge in …
China will give cash subsidies to airlines for 2 months
China – China’s finance ministry said on Thursday, May 26, that it would offer subsidies to Chinese airlines from May 21 to July 20 to help carriers weather the coronavirus-induced downturn and higher …
Crypto is dead. Long live crypto
The deepening chasm between the crypto evangelists and naysayers may never have been as stark. On Wednesday, Andreessen Horowitz, the most prominent Silicon Valley venture capital group, made a $4.5 …
Alibaba full-year profit slumps nearly 60% on tech crackdown, Covid
Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre …
Alibaba reports slowest growth yet amid COVID-19 outbreaks
Growth at some of China’s biggest technology firms have slowed amid a regulatory crackdown and COVID outbreaks across the country that have led to lockdowns and strict COVID-19 control measures …
Your move, Beijing: U.S.-China trade rivalry intensifies after Biden launches Asian economic pact
Chinese officials contend the U.S.’ new trade initiative aims to isolate them from the rest of Asia. And experts say Beijing is likely to respond with an economic play of its own.
China vs. Elon Musk: Scientists Develop Plan to Destroy Starlink Satellites
A Chinese research paper has reportedly outlined concerns about potential military uses of SpaceX’s vast Starlink network.
Russian aggression can’t distract from China threat, Blinken to say
The United States must remain focused on the economic and military threat posed by China despite the challenges presented by Russia and other top adversaries, Secretary of State Antony Blinken plans …
U.S., Japan hold fighter jet drills after China bomber flight, North Korea missiles
The U.S. military and Japan’s Defense Ministry said Thursday they flew fighter jets over the Sea of Japan in signal of readiness after China and Russia sent bombers nearby and North Korea test-fired …
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