The major Chinese city of Shenzhen is launching a pilot program to promote the digital yuan with a public giveaway. In collaboration with the country’s central bank, Shenzhen is planning to … ( read original…
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China’s defence chief warns against coercion, avoids US, Japan mention
China Defence Minister urges countries to check surge of regressive historical trends
As the world debates the risks of AI, China is catching up
FirstFT: China tightens control of overseas travel
US and China face grave AI risks but mutual distrust stalls cooperation
New coronavirus discovered as bat-borne bug challenges China lab leak theory
Attorney General Todd Blanche asked about China stealing American AI data
Recent Posts
Shenzhen to hand out 10 million digital yuan in currency giveaway
Renminbi jumps by most in more than 4 years as China returns to work
China’s currency jumped by the most in two and a half years while the country’s onshore stocks gained on positivity over the world’s second-biggest economy as traders returned from a lengthy holiday. ( read original…
China Becomes Largest Economy To Join WHO-Backed Global COVID-19 Vaccine Initiative
The COVID-19 vaccine initiative known as COVAX got a boost Friday (Beijing time) when the Chinese foreign ministry announced that the country had officially joined the facility, Reuters reported.What … ( read original story …)
Domestic travel over Golden Week boosts China’s economic recovery
Hundreds of millions of domestic tourists have boosted China’s economic recovery over its Golden Week national holiday, even as concerns linger over consumer spending. There were 637m trips in China … ( read original story…
Central banks sketch out digital currency as China forges ahead
A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China’s “trail blazing” and leapfrog private ……
China’s recovery isn’t as rosy as it appears — but there’s still ‘room for optimism’
Beijing wants to advertise the Beijing, Shanghai, Guangdong type of recovery, but that’s not most of China,” China Beige Book’s Leland Miller says. ( read original story …)
China Inc set for biggest US IPO year since 2014 amid spat
citing Beijing’s refusal to allow inspections of the firms’ audits. For some, the threat of future delisting didn’t put them off. Online property platform KE Holdings in July raised US$2.4 billion in … ( read…
China Tourism Rebounds Over Golden Week but Still Below Last Year
Domestic tourism in China saw a robust rebound over the just-ended Golden Week holiday, encouraged by the country’s success in stamping out the novel coronavirus, although levels were still well short … ( read original…
BUZZ-COMMENT-China’s central bank surprisingly unleashes the yuan
China’s onshore yuan roared to a near 18-month peak against the dollar early Friday as mainland financial markets reopened after a week-long break. The catalyst was the central bank indicating … ( read original story…
Bonds Signal China Has Dodged Its Minsky Moment
That debt has somehow managed to stay in the complicated tubes and pipes of China’s financial system, and a Minsky Moment has been avoided — three years after the outgoing head of the People’s Bank…
China’s Growth Story Isn’t What It Seems: Diana Choyleva
The tailwinds that powered the nation’s economic rise are turning into headwinds, and Xi Jinping risks undermining the key drivers of success. ( read original story …)
China funds targeting Ant IPO rake in $9 billion from over 10 million investors
Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within … ( read original story …)
Covax: vaccine global effort gets China’s support
Beijing joins initiative against ‘vaccine nationalism’ in contrast to US, which is not part of alliance … ( read original story …)
