China’s economy lost momentum in July, with weak retail sales, declining investment and a deepening property market downturn weighing on domestic demand. Read more …
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China expands digital yuan operating institutions to 30
China’s central bank has expanded the number of banking institutions authorized to operate digital yuan businesses to 30, as part of efforts to promote the steady development of the central bank …
Guangdong Launches ‘Token Loan’ to Finance China’s Booming Computing-Power Sector
Guangdong province has recently launched the “Token Loan,” which is the southern Chinese province’s first dedicated financial product for the “token economy,” aimed at better serving computing-power …
A Trump-backed crypto firm is helping sell the very Chinese AI his government is trying to block
World Liberty Financial, the Trump family crypto venture, is behind WorldClaw, a Hong Kong platform reselling AI models from US-restricted Chinese firms, payable in its USD1 stablecoin.
Trump crypto firm backs venture offering AI from restricted Chinese companies
By Lawrence Delevingne BOSTON, Aug 17 (Reuters) – President Donald Trump-backed World Liberty Financial is collaborating with a Hong Kong-based venture offering artificial-intelligence models …
China’s CXMT gets Binance listing as traders chase IPO gains
Changxin Memory Technology (CXMT) remains one of the highly active on-chain traders. The stock is also coming to Binance, with a new contract expected to launch on August 18.
China’s economy weakens on several fronts as property bust worsens
Economic activity cooled as surging exports fueled by the AI boom failed to offset weakness in domestic demand.
China economy slows in July as retail sales and investment miss forecasts
China’s economic recovery lost momentum in July, with consumer spending, investment and industrial production all coming in weaker than expected, raising pressure on Beijing to introduce additional …
Chinese yuan could be Beijing’s key bargaining chip: Pinpoint Asset Management
Zhi Wei Zhang from Pinpoint Asset Management Beijing is cautious about yuan appreciation as it doesn’t want to hurt a main growth pillar in light of weak domestic demand, while it is also looking to…
US Tells Allies To Choose Between Washington And Beijing In Intensifying AI Race
US Tells Allies To Choose Between Washington And Beijing In Intensifying AI RaceExcerpt: Washington warns countries joining China’s rival AI framework risk exclusion from US-led coalition as …
China’s economy loses steam as consumption, output miss forecasts
BEIJING, Aug 17 (Reuters) – China’s economy lost momentum at the start of the second half, with industrial output and retail sales slowing as extreme weather disruptions and persistently weak domestic …
China’s economy slows further in July as retail sales barely grow, investment slump steepens
The data is reinforcing concerns about the health of the world’s second-largest economy, which has grappled with a deepening supply-demand imbalance.
China new home prices stagnant in July as demand stays weak
BEIJING, Aug 17 (Reuters) – China’s new home prices were stagnant in July, underscoring the challenges for a broad recovery of the housing sector as demand remained subdued. New home prices fell 0.1% …
