Former Bank of China executive Wang Yongli warned the rise of USD stablecoin threatens China’s monetary position and urged deployment.
Featured Posts Title
Why China Thinks It Can Resist Trump’s Economic Threats on Iran
China’s latest COVID-19 wave begins to ease after peaking in mid-August: CDC
US designates American held by China as wrongfully detained
Indonesia and China discuss increasing defense cooperation and energy security
America’s Scientific Elite Is Fueling China’s Military Machine
China’s COVID-19 wave peaks and declines, no major threat detected
Neue Corona-Studien Virus kam wohl vom Tiermarkt in Wuhan
Recent Posts
Former Bank of China Executive: Rise of Stablecoin Poses Policy Challenge for China
Rising Stocks And Contracting Economies – Foreboding Financial Setup
China’s Caixin purchasing managers’ index unexpectedly fell in May to 48.3 (sub-50 signals contraction) as US tariffs took a toll on smaller exporters. Click to read.
India’s iron ore imports to trend higher, but it’s no China
The rise of India’s steel sector is touted as a boost for iron ore miners seeking to find new markets as China’s output eases, but the reality is likely to fall short of the hype.
Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump’s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy
Leading cryptocurrencies climbed on Monday, despite rising trade tensions between the U.S. and China. What Happened: Bitcoin surpassed $106,000 overnight, after fluctuating between $104,000 and …
China rejects Dutch minister’s spying accusation, says tech achievements not ‘stolen’
China denied on Tuesday that its scientific and technological achievements were due to “stolen” intellectual property, after comments by the Dutch defence minister accusing Beijing of intensifying its …
The Tariff Tornado: How Small and Mid-Size Brands Are Holding the Line
Still, many of these businesses are proving that resilience, creativity, and customer connection go a long way.
U.S. tariffs slowed down China’s manufacturing in May
A new survey of Chinese manufacturers released Tuesday showed factory activity shrank in May, dropping to the lowest level in nearly three years after a barrage of tariffs from the Trump …
China can choose to be ‘a reliable partner’ or not: Bessent
The US treasury secretary said the way for China to bolster its economy “is through a level of fiscal stimulus and to stop over-manufacturing”.
Wall Street drifts as financial markets worldwide hold relatively steady
U.S. stocks are drifting, and financial markets worldwide are holding relatively steady as the wait continues for more updates on President Donald Trump’s tariffs and how much they’re affecting the …
Treasury Secretary Scott Bessent tells China “be a reliable partner or face global isolation”
Scott Bessent, the US Treasury Secretary, used his appearance at the American Swiss Foundation Leadership Summit in Zurich on Tuesday to send a direct warning …
Pony Stock Tumbles Despite Partnership With Shenzhen-Based Taxi Operator To Deploy Over 1,000 Robotaxis: Retail Defies Pessimism
Pony AI Inc. (PONY) on Monday announced a strategic partnership with Shenzhen Xihu Corporation, the city’s largest taxi operator, to jointly deploy a fleet of more than 1,000 seventh-generation …
Global alarms rise as China’s critical mineral export ban takes hold
Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, …
Supporting Regional Integration with Payment Services: UnionPay Attends the First ASEAN-GCC-China Economic Forum
From May 27 to 28, the ASEAN-GCC-China Economic Forum 2025 was held in Kuala Lumpur, Malaysia. Mr. Dong Junfeng, Chairman of China UnionPay and UnionPay International, was invited to attend the Forum, …
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