China has embarked on a new journey of building a modern socialist country in all respects. Promoting a harmonious coexistence between man and nature is a distinctive feature of Chinese modernization.
Monthly Archives For June 2023
How China invading Taiwan would impact the microchip industry and the world
In particular, the US has taken steps to limit China’s access to advanced chip technology amid heightened international competition in the area. The US recently tightened export controls to undercut …
Ex-Samsung exec charged with stealing chip tech for China factory
South Korea has charged a former Samsung executive accused of stealing company secrets worth hundreds of millions of dollars to set up a copycat chip factory in China, prosecutors told AFP on Tuesday.
Is China Easing Up On Crypto? Chinese Financial Institution Issues First Tokenized Security
BOCI, the Bank of China’s investment banking arm, made a major cryptocurrency move this week when it issued tokenized securities on Ethereum in Hong Kong, leading many to believe that China is testing …
Bank of China unit issues digital securities on Ethereum blockchain in Hong Kong amid city’s virtual asset push
The product from Bank of China’s global investment arm is the first tokenised security from a bank in the mainland, where cryptocurrencies are banned.
Swamped by Chinese phone brands, India wants to tie them down locally
China-based companies like Oppo … directed them to appoint Indian contract manufacturers, increase local manufacturing down to the component level through joint ventures with Indian businesses, …
China makes surprise rate cut as economic recovery loses steam
China’s central bank on Tuesday made a surprise cut to one of its key lending rates in a bid to shore up sputtering growth in the world’s second largest economy.
The Commodities Feed: China surprises with a cut in short-term rates
China’s surprise cut in short-term rates has been supportive of metals prices as Beijing appears to be taking measures to support economic growth …
Bank of China to circulate about 200 million Chinese Yuan for blockchain security purposes
On June 12, 2023, BOC International Holdings Limited (BOCI), a subsidiary of the Bank of China, mentioned that it would circulate about 200 million Chinese yuan ($28 million), stated Cointelegraph. It …
China’s Surprise Rate Cut Fuels Expectations of More Easing
China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are …
For China’s LGBTQ community, safe spaces are becoming harder to find
The Beijing LGBT Center is the latest to shut down amid a crackdown on advocacy groups by Chinese President Xi Jinping.
A desperate property developer in China said it would give a gold bar to anyone who buys a home it builds. Homebuyers say they’re still waiting.
A Hangzhou-based developer’s promotion to give out gold bars in exchange for buying a flat has since been suspended, per Chinese media outlets.
South Korean leader criticises China envoy over “inappropriate” remarks
South Korea’s president stepped up criticism of China’s ambassador on Tuesday, saying the envoy had been disrespectful in suggesting South Korea had made the wrong choice by siding with the United …
