The Bank of China has said it will no longer provide financing for new coal mining and coal-fired power projects overseas from next month. It is the first of the four Chinese state-owned commercial …
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Huawei CFO returns to China as U.S. resolves bank fraud case against her
Huawei CFO Meng Wanzhou flew home to China after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China and the U.S. Within …
All financial transactions with cryptocurrencies outlawed in China
Beijing will treat any cryptocurrency transactions as illegal financial activity. Those involved in such transactions will face criminal prosecution …
Canadians in China released after Huawei CFO resolves US charges
Two Canadians detained in China on spying charges were released from prison and flown out of the country on Friday, Prime Minister Justin Trudeau said, …
China’s crypto ban puts spotlight on central banks putting their own spin on digital coins
Worried about a loss of control, central banks are ‘borrowing’ from decentralized finance to put their stamp on cryptocurrency.
China’s central bank to intensify rules on cryptocurrency trading, mining
Sep. 24 the China’s central bank declared that it will intensify rules on cryptocurrency activities, comprising trading and mining, …
China’s debt-fuelled growth is sputtering and a more severe economic deceleration may loom
China’s economic ambitions face at least three big headwinds: an economy that persistently misallocates capital, towering levels of debt and slowing productivity gains …
China’s central bank rules crypto transactions illegal
China’s central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for digital currencies in China after a crackdown on the volatile trade …
Evergrande shows China’s rulers can’t bank on ‘market miracle’ anymore
As Chinese real estate giant Evergrande teeters on the edge, pundits are speculating whether its collapse could pull down the global economy. Socialist Worker looks at what’s behind the crisis …
Explained |What’s new in China’s crackdown on crypto?
Ten Chinese agencies, including the central bank and banking, securities and foreign exchange regulators, have vowed to work together to root out “illegal” cryptocurrency activity.
Covid controls and financial worries take sheen off China’s golden week for millions
Strict lockdowns in some parts of the country and growing economic uncertainty are likely to dampen tourism and spending during the National Day holiday.
China Bans Cryptocurrency Transactions and Mining
Chinese regulators announced a nationwide ban on cryptocurrency transactions and cryptocurrency mining. The culmination of a years-long crackdown, the move was meant to close loopholes in previous …
Huawei CFO Meng free to return to China after striking deal with U.S. to end extradition
Senior Huawei executive Meng Wanzhou returned to China on Friday after striking a deal with U.S. prosecutors in an extradition case that had fueled tensions for nearly three years between the West and …
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