Didi said it had entered into a strategic partnership with the central bank’s Digital Currency Research Institute to carry out research and test the application of the new currency. ( read original story …)
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Recent Posts
China’s Ride-Hailing Giant Didi to Test Beijing’s New Digital Currency
Hong Kong security law: Beijing security office opens in Hong Kong
The office is one element of a sweeping new law which outlaws criticism of China’s government. Hong Kong was, until the law was passed, the only part of China not subject to such policies. The…
China says it won’t join nuclear talks until the US reduces its arsenal
China would be “happy” to join trilateral nuclear arms control talks with the United States and Russia, on the condition that Washington significantly reduces its arsenal to match China’s own level, a … ( read…
The Other Chinese Property Debt to Worry About
Chinese property developer Tahoe Group failed to pay bondholders this week. It’s worth keeping an eye on what happens to its other creditors—Chinese buyers of unbuilt homes. ( read original story …)
FBI chief Christopher Wray slams China for cyberattacks against US and stealing intellectual property
“But the sad fact is that instead of engaging in the hard slog of innovation, China often steals American intellectual property and then uses it to compete against the very American companies it … (…
US urges Beijing to release outspoken Chinese law professor Xu Zhangrun
The US State Department has demanded that China release a law professor who was taken from his home in Beijing by police on Monday after he publicly criticised Chinese leader Xi Jinping.It was the ……
China Banks’ Latest Bailout: Where’s the Equity?
Beijing knows that small lenders are getting crushed. The latest move to prop them up seems as makeshift as the rest. ( read original story …)
China’s grip on Hong Kong eroding its status as financial hub, investors believe
As China industrialised, its similarly minimalist approach to corporate taxation, coupled with the use of English common law to govern contracts, helped turn it into the world’s sixth-biggest … ( read original story …)
China to test sovereign digital currency on ride hailing giant Didi
China’s central bank is partnering up with Didi Chuxing to test the use of its digital currency, which could make China’s dominant ride hailing platform one of the world’s first’s corporate users of a ……
China’s June passenger car sales down 6.5% year-on-year: CPCA
China’s passenger car sales in June fell 6.5% year on year to 1.68 million units, the China Passenger Car Association (CPCA) said on Wednesday. ( read original story …)
Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain
A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd … ( read original story …)
China to impose visa restrictions on U.S. citizens over Tibet
China said on Wednesday it will impose visa restrictions on U.S. citizens who have engaged in what it called egregious behaviour over Tibet, in an apparent retaliation against U.S restrictions on some … ( read…
Beijing 2022 add four official suppliers to portfolio of sponsors
Beijing 2022 has added a further four official suppliers to … official sponsors and official exclusive suppliers, respectively. The Bank of China, Air China, Yili Group, ANTA, China Unicom and State … ( read original…
