China plans to lift its crypto ban and explore Yuan-backed stablecoins. This move aims to boost the yuan’s global use amid US dollar dominance.
Featured Posts Title
Spat With China Becomes an Asset for Japan’s New Leader
PM Wong’s Japan-China comments draw online backlash; TikToker calls PSLE “worst thing” in viral video: Singapore live news
Coronavirus screenings at O’Hare begin amid China outbreak, 14 arriving passengers cleared
Coronavirus outbreak: Additional China evacuees land in California
Evanston man stranded in Enshi, China amid novel coronavirus outbreak
India-China trade barbs after passenger detained at Shanghai airport
Taiwan’s President Lai lashes out against Beijing, pledges $40 billion in additional defense budget
Recent Posts
China to Lift Crypto Ban Soon, Allowing Yuan-Backed Stablecoins
EXCLUSIVE: How Fauci And A Deep State Cabal Suppressed Intel In Historic Deception
Senior American intelligence officials broke protocol to conceal classified intelligence that COVID-19 came from a lab from the president and the public, granting Anthony Fauci’s inner circle …
Beijing denies Trump’s claim that Xi vowed not to invade Taiwan during his presidency
Beijing rejected U.S. President Donald Trump’s recent claim that Chinese President Xi Jinping assured him there would be no invasion of Taiwan during Trump’s term, with the Chinese Foreign Ministry firmly reiterating the position that…
China Wants Its Own Stablecoin — Should Tether and Circle Internet Worry?
The $250 billion stablecoin market, dominated by Tether’s USDT ($158 billion) and Circle Internet’s (NYSE:CRCL) USDC ($62 billion), is a cornerstone of global digital finance. These U.S. dollar-backed …
Buckle Up Dollar Bulls, China Is Reportedly Considering Its Own Yuan-Linked Stablecoins
China is preparing to consider yuan-linked stablecoins as part of its efforts to expand the currency’s use worldwide, in what would represent a significant departure from its previous stance on …
Hong Kong exchange posts record revenue on listing boom
Hong Kong’s stock exchange operator reported its best half-year revenue on Wednesday (Aug 20), bolstered by a surge in initial public offerings and trading activity. The Chinese finance hub has …
Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings — Update
That helped power a 41% jump in HKEX’s net profit for the second quarter. Net profit hit a record HK$4.44 billion, equivalent to US$569.3 million, beating the HK$4.10 billion consensus estimate of …
China’s Baidu revenue drops as AI returns fail to offset ad decline
(Reuters) -Chinese search engine company Baidu on Wednesday reported a drop in second quarter revenue as its core advertising business struggled amid China’s economic slowdown, while returns from AI …
Apple contractor Foxconn ramps up hiring at China factories ahead of iPhone 17 launch
New recruits who stay at the factory for three months qualify for a bonus of up to US$1,113, a significant hike from early July.
US Allies Send Warships to Contested Waters Claimed by China
Since 2023, Manila has stepped up its pushback against China’s expanding presence within its maritime zone, at times leading to clashes and raising concerns an incident could trigger the …
Shein Reportedly Considers Moving HQ Back to China For Hong Kong IPO
The fast-fashion company has struggled to find a sound landing place for an IPO. A move back to China could be an answer.
China’s Xi makes a rare visit to Tibet to mark 60 years of contested rule there
Chinese leader Xi Jinping has made a rare visit to Tibet to mark the 60th anniversary of the consolidation of Beijing’s long-contested rule over the Himalayan territory.
China Teases Glimpse of Advanced New Weaponry at Military Parade
China said that it will show off new weapons at a military parade next month, potentially giving rivals like the US a first chance to see what hardware the Asian nation is ready to field.
