China’s central bank said on Wednesday it will step up regulations on payment activities via point-of-sale devices (PoS) as well as Quick Response codes (QR codes). The move is to enhance regulators’ …
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U.S. Becomes New Hashrate King Following Ongoing Beijing Crackdown
Due to a serendipitous confluence of political, geographical, and jurisdictional stability, as well as low-cost energy in U.S. states, coupled with Beijing’s recent crypto crackdown, bitcoin mining is …
Things just got tougher for China’s private firms
Analysts warn that the looming credit crunch to China’s private sector firms could trigger an even sharper slowdown in the world’s second largest economy.
US overtakes China as largest bitcoin mining center
The U.S. has overtaken China as the largest bitcoin center after Beijing tamped down on cryptocurrency mining in recent months.
China Sept new bank loans quicken from August, but below f’cast
New bank lending in China accelerated in September from the previous month, but fell short of expectations, as the central bank bolsters the economic recovery even as it keeps an eye on debt and …
China Sept bank loans rise less than expected, broader credit growth slows
New bank lending in China accelerated in September from the previous month but fell short of expectations, as the central bank tries to bolster the flagging economic recovery even as it keeps an eye …
China Sept new bank loans rise to 1.66 trln yuan, below forecast
Chinese banks extended 1.66 trillion yuan ($257.66 billion) in new yuan loans in September, up from August but falling short of analyst expectations. Analysts polled by Reuters had predicted new …
China’s Growth Seen Slowing to 5.5% in 2022, Modest Policy Easing Expected: Reuters Poll
China’s economic growth is likely to slow to 5.5% in 2022 from an expected expansion of 8.2% this year, a Reuters poll showed, but the central bank could remain cautious about monetary easing due to…
What does China’s power policy shift mean for metal makers, other energy hogs?
Beijing’s liberalization of China’s power markets that allows generators to charge market prices to commercial and industrial customers has significant repercussions for energy-intensive sectors, …
U.S. officially the top destination for bitcoin miners, beating out China for the first time
The U.S. is now the top destination for bitcoin miners, eclipsing China for the first time ever. One-third of bitcoin’s hashrate is in the U.S., according to the Cambridge Centre for Alternative …
Binance Will Shut Yuan Trading After Beijing’s Crypto Ban
Binance Holdings Ltd. is shutting down peer-to-peer trading of the yuan, closing one of the last workarounds for Chinese users after Beijing’s blanket ban on cryptocurrency transactions.Most Read from …
China economic collapse: After Evergrande, Modern Land struggling to pay its debts
Shares in Modern Land fell more than 2 per cent in Hong Kong on Monday. The stock is down 45 per cent this year. News of the company’s financial difficulties came on the same day…
Festering Evergrande contagion worries push China spreads to record
Worries over possible spiralling effects of a debt crisis at developer China Evergrande Group drove Chinese high-yield spreads to record highs on Wednesday, days after the company missed another …
