US Treasury Secretary Janet Yellen is set to ask Congress to lend more money to developing countries to counter China’s growing influence, according to a copy of her prepared remarks viewed by CNN.
Monthly Archives For June 2023
China Tests Parachute System to Control Falling Rocket Boosters
In an effort to prevent falling rockets from landing on populated areas, China tested a parachute system designed to control where its rocket boosters land back on Earth.
Billionaire Ray Dalio Issues Warning About Rise Of China, Why He Thinks U.S. Is On The ‘Brink Of War’
The Bridgewater founder tells the Forbes Iconoclast Summit that history points to a weakening of American influence.
BOCI launches China’s first tokenized security on Ethereum
BOCI, Bank of China’s investment banking subsidiary, has etched its name into the annals of the financial industry by launching China’s inaugural tokenized security in Hong Kong. The innovative issue, …
Bank of China issues $28M in digital structured notes on Ethereum blockchain
The securitized tokens are governed by Hong Kong and Swiss law.
Bank Of China’s Investment Subsidiary Issues Ethereum-Based Tokenized Securities In Hong Kong
New regulatory guidelines have catalyzed buoyant activity in Hong Kong crypto sector. China published a white paper on Web3 innovation and development. The move marks BOCI as the pioneer among Chinese …
Corruption is China weapon in effort to corner lithium market in Latin America, experts say
Chinese companies seeking to gain control of Latin America’s lithium reserves, amounting to about half of the world’s total, have an edge against which American and European companies cannot compete: …
Saudi Arabia and China Flaunt Growing Ties at Investment Forum
The kingdom hosted a lavish Arab-China business conference days after a visit from the American secretary of state, inviting companies blacklisted by the United States.
Xi Jinping says Beijing will support Honduras’ economy while stressing ‘one-China principle’ as foundation for ties
China is determined to support Honduras’ economic growth, Chinese President Xi Jinping told his Honduran counterpart Xiomara Castro in their first meeting since the Central American country switched …
Amid US de-risking talk, as the world relies more on China’s exports, China is learning to rely more on itself
Meanwhile, China’s exports to the world have risen to record highs in recent years. China may be exporting less directly to the US, but it is exporting more indirectly – supplying key inputs to other…
Chinese police arrest man after alleged hostage taking in Beijing
Authorities say a man drove onto a high school campus in Haidian district and took a student hostage before he was arrested by police.
China’s Latest COVID-19 Surge Shows Signs of Slowing: Government Data
Questions remain about the full extent of the coronavirus wave as the country no longer reports total infection numbers.
US rejoins the UNESCO. What’s China got to do with it?
The U.S. is rejoining the U.N. cultural and scientific agency UNESCO after a decade-long dispute over Palestine’s membership and will pay $600 million in back dues. The move intends to counter China’s influence in UNESCO…
