China is reportedly considering allowing the usage of yuan-backed stablecoins for the first time, as per a latest Reuters report. This is a developing story.
Monthly Archives For August 2025
China may approve yuan-backed stablecoins amid fears of dollar-powered tokens
China considers approving yuan-backed stablecoins to boost global yuan adoption and compete with US dollar-powered stablecoins.
Breaking: China Considers Yuan-Backed Stablecoins to Rival Dollar Dominance
China is reportedly set to review and possibly approve the issuance of Yuan stablecoins to boost global adoption and compete with the dollar.
New Chinese car brand Xiaomi expected to launch in Europe by 2027
Xiaomi (pronounced shau-mi) is expected to launch electric vehicle sales in Europe by 2027 following the launch its its YU7 luxury SUV. The Beijing-based business is better known as the third largest …
ITWA 2025: Connecting Global Opportunities for Automotive, Electronics, Display & New Materials Industries – From Shenzhen’s Industrial Hub
The ITWA Industrial Tech World Asia 2025 (ITWA 2025) will make its grand debut with a refreshed brand identity at the Shenzhen World Exhibition & Convention Center (Bao’an) from October 28-30. This …
Pakistan, China to launch second phase of CPEC during Sharif’s visit to Beijing
Shehbaz Sharif is expected to travel to Beijing later this month to attend the SCO Summit from August 31 to September 1
Russia expects India to keep buying its oil and seeks China-India-Russia talks
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon …
Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of …
Shein Hong Kong IPO with HQ move to China ‘looks likely’
Shein Group is reportedly seeking China’s approval to have an initial public offering (IPO) in Hong Kong and a potential HQ in China.
Sales of foreign-branded phones in China down 31.3% in June, data shows
Sales of foreign-branded phones, including Apple Inc’s iPhone, declined 31.3% year-on-year in China in June, according to Reuters’ calculations based on data released on Wednesday by a government-affiliated research firm.
China Issues Warning as US Trains Taiwan Troops
More than 500 Taiwanese military personnel took part in National Guard-led exercises that simulated conflict in the Indo-Pacific.
China’s Xi makes second-ever visit to Tibet as president
Chinese President Xi Jinping arrived in the Tibetan capital of Lhasa on Wednesday for his second-ever visit as China’s leader to mark the 60th anniversary of Tibet’s founding as an autonomous region.
China snaps up Russian oil as Indian demand drops following Trump tariffs
Chinese refineries have moved to secure Russian oil shipments as demand from India for Moscow’s crude drops amid threats of President Donald Trump’s tariffs.
