China busts $295 million underground bank and the authorities have arrested six suspects for their role in illegal cryptocurrency-driven transa …
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China’s Massive Crackdown: Busts $295 Million Underground Bank in Recent Operation
China’s commodity imports show prices beat economic narrative
China’s imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher.
China’s Digital Yuan Isn’t Taking Off Despite State Employee Salary Trial: Report
Many consumers prefer to use online payment tools such as Alipay and WeChat Pay.The digital yuan is fraught with privacy concerns as it …
Nio, Alibaba shares jump as China breakout rally looks set to continue: analyst
U.S.-listed shares of China-based companies were enjoying a broad rally Monday, and J.P. Morgan said their run-up since the start of the year could
NewsBriefs – China busts $295 million underground crypto-based currency exchange
Authorities in Jilin province, China, have dismantled an underground bank that used crypto to illegally exchange Chinese yuan for South Korean won, equating to approximately $295.8 million. Six …
No, Hong Kong’s Crypto ETFs Aren’t Available in Mainland China
The Stock Exchange of Hong Kong (HKEX) confirmed they aren’t available. Chinese authorities are wary that ETFs offer a way to bypass strict international capital controls.
Six arrested in cryptocurrency money-laundering scheme in northeast China amid focus on crypto-related capital flows
Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.
China creates its largest ever quantum chip — and it could be key to building the nation’s own ‘quantum cloud’
China’s supersized superconducting chip looks to match the performance of industry leaders like IBM and will be used to help scale up the performance of quantum computers globally.
Chinese authorities shut down illegal crypto service
C hinese authorities have shut down an underground bank that facilitated illegal currency exchange between the Chinese yuan and South Korean won, using cryptocurrency as a medium.
Shenzhen airport opens China’s first pet lounge
Ten adorable pets have recently “checked in” to the pet waiting lounge at the Shenzhen Bao’an International Airport, in South China’s Guangdong Province, waiting to board their flights and embark on …
China and Cambodia to begin annual military exercise to strengthen cooperation, fight terrorism
Cambodia and China will begin their annual Golden Dragon military exercise this week to strengthen cooperation and exchange military experiences
How China’s New Extra-Large Underwater Drone Compares to US’ Manta Ray
CB uncrewed underwater vehicle appears to be capable of carrying torpedoes or mines and has a quoted range of 450 nautical miles (834 km).
New release reveals the pulse of China’s financial world
The ACFB was first published in 1986 and has been compiled and published annually, now reaching its 38th volume. Over the almost four decades since its inception, the almanac has chronicled the journey of reform…
