The country’s top leaders have made quantum technology a priority. Time to buckle your seats—the field is in for a gold rush. ( read original story …)
FINANCE
Central Bank Digital Currencies And The U.S./China Great Power Competition
As tensions heighten between the United States and China, a Digital Yuan has immense implications for the Great Power Competition and the global financial system. ( read original story …)
China’s bouncing back, but don’t bet on other emerging markets to join the ride
China’s economy is bouncing back, but other emerging markets aren’t likely to enjoy the spoils, says one economist. ( read original story …)
China revises central bank law to help risk fight
China on Friday issued a revised law on the central bank to formalise its expanded role in overseeing the financial sector to help ward off risks in the world’s second-largest economy. ( read original story…
Secret Chinese bank account remains a problem for Trump
A scandal-plagued American president defended a previously undisclosed bank account in China with two claims, both of which are wrong. ( read original story …)
China and America: Coupling up
Politicians in the US and China warn of decoupling, but at a financial level the two countries are closer than ever. China needs US money and help in building its capital markets. US funds are…
China, Hong Kong stocks rise on strong quarterly earnings, financials boost
China and Hong Kong stocks firmed on Friday morning, helped by gains in heavyweight financial firms and strong quarterly earnings so far. ** At the midday break, the Shanghai Composite index was up 0. (…
Trump Closed Bank Account in China Before He Was Elected
President Donald Trump says he closed a bank account he had in China before he “even ever ran for president.” He speaks at the last presidential debate in Nashville. (Source: Bloomberg) … ( read original…
Trump’s reported Chinese bank account raises security concerns: Pelosi
U.S. President Donald Trump’s bank account in China raises serious national security concerns, U.S. House of Representatives Speaker Nancy Pelosi said on Wednesday following a New York Times report … ( read original story …)
China’s Mr Renminbi says Beijing must dismantle capital controls to create a more globally accessible yuan
Beijing’s foreign exchange controls are not conducive to internationalising the yuan, says former central bank governor Zhou Xiaochuan, but others caution against leaving China ‘defenceless’ by … ( read original story …)
Chinese financial services platform Lufax sets terms for $2.2 billion US IPO
Lufax Holding, which provides a leading platform for retail loan facilitation in China, announced terms for its IPO on Thursday. The Shanghai, China-based company plans to raise $2.2 billion by … ( read original story…
The balance of power is shifting in Asia, and China is gaining on the US
China has closed the gap, according to Australia’s Lowy Institute think tank, but neither Beijing or Washington is destined to dominate the region. ( read original story …)
‘They would have called me Beijing Barry’: Obama takes aim at Trump’s Chinese bank account
Former President Barack Obama returned to the campaign trail Wednesday with a blistering attack on Donald Trump with less than two weeks to go before the Republican president’s Election Day face-off … ( read original…
