Shanghai State-owned regulator held a meeting to discuss strategic responses to stablecoins amid growing calls to develop a stablecoin pegged to the Chinese yuan.
BUSINESS
Tariffs, EVs and China Podcast: A CEO Insider’s View of the Car Business
The global car industry has grappled for months to navigate the Trump administration’s trade war. That gives Swamy Kotagiri, CEO of Magna International, the largest auto-parts manufacturer in North …
Struggling Chinese EV brands go global to flee brutal price war at home
Once a rising star among China’s electric vehicle startups, Neta Auto is facing backlash in its largest overseas market as its parent company enters bankruptcy restructuring — fueling concerns that …
Shougang Lanzatech delays Hong Kong IPO again due to dispute with JV partner
Beijing Shougang Lanzatech Technology on Friday said it will again delay its Hong Kong initial public offering and did not provide a new timetable due to a dispute with a joint venture (JV) partner.
China’s Iranian oil imports near record highs as traders circumvent sanctions
China’s import of Iranian crude oil continued to rise last month as shipments were close to the record highs touched in March, Vortexa said.
China’s Bid for ‘Global Yuan’ Finds Double-Edged Sword in Stablecoins
As the People’s Bank of China seeks a bigger role for the yuan on the global stage, ignoring stablecoins could put the Chinese currency at a disadvantage.
China reconsiders crypto? Shanghai checks out stablecoin strategy
A Shanghai regulator reportedly held a rare meeting on stablecoins and cryptocurrencies. This comes in when the crypto market is printing green indexes.
Cryptocurrency rally: why did crypto go up today?
A common question among investors is “why did crypto go up”. We explain why the crypto market rally is happening and what next …
China Out, India In? Bharat May Slither In Japan’s Garment Market As Beijing’s Dominance Declines: AEPC
With China’s share in Japan’s garment imports steadily falling, the Apparel Export Promotion Council (AEPC) believes India is well-positioned to step into the vacuum. A high-level Indian apparel …
OpenAI Challenger Zhipu Said to Weigh Shifting IPO to Hong Kong
Chinese AI startup Zhipu is considering shifting its planned initial public offering to Hong Kong instead of mainland China, according to people with knowledge of the matter, adding to a dealmaking …
Japan, China take step towards resuming Japanese beef exports to China
Japan’s farm ministry said on Friday that an animal health and quarantine agreement with China had come into force, paving the way towards the resumption of Japanese beef exports to China that had …
China’s Export Growth Expected to Edge up in June Amid Delicate Truce With US: Reuters Poll
“Exports will likely become a growth drag this year after being a growth driver last year,” Nomura said in a note. China’s June trade surplus is forecast at $109 billion, up from $103.22 billion in…
Saudi oil exports to China to rise to over two-year high in August, sources say
Saudi Arabia’s crude oil exports to China are set to rise to the highest in more than two years in August, five trade sources said on Friday, as the top exporter seeks to regain market…
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