The director of the People’s Bank of China’s Digital Currency Research Institute emphasized the importance of wallet providers enabling digital yuan payments in all retail scenarios.
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China’s digital yuan head urges unification of Alipay, WeChat Pay QR codes as PBOC pushes e-CNY adoption
The digital yuan should eventually be a payment option across ‘all retail scenarios’, said Mu Changchun While pilot trials of e-CNY started in 2019, convincing Chinese consumers to use the digital …
China extends VAT refund policy for firms procuring Chinese equipment until 2027
China’s finance ministry announced on Monday that it will extend a value-added tax refund policy aimed at encouraging domestic and foreign research institutions to purchase Chinese-made equipment …
Falling Prices in China Could Be a Boon For the U.S.: Kiplinger Economic Forecasts
Falling prices in China are good for countries dealing with elevated inflation, most notably the U.S., India, Germany and the Netherlands. In places where inflation is already low — Hong Kong, Japan, …
Is China Following Japan’s Economic Trajectory?
Basically, growth in China halved between the 2000s and the 2010s, and is halving again in the 2020s to about 2-3 percent per year. The government could make such growth a positive experience or a…
Hong Kong has not ruled out lowering stamp duty on securities trading, finance chief says after earlier warning move could backfire
Financial Secretary Paul Chan also stresses ‘multiple efforts’ needed to improve competitiveness of city’s bourse Chan’s comments came a day after he warned piecemeal stimulus measures could risk …
G20 – China’s obstructionist approach
In recent months, China has opposed many Indian proposals within the G20. This opposition, along with China’s refusal to attend the G20 Leaders’ Summit hosted by India, highlights growing tensions and …
China dominates the clean energy market
China has emerged as the world leader in renewable energy … This is about half of the clean energy revenue of Shanghai Composite Index companies. Bloomberg New Energy Finance estimates that more …
Bank of China: Digital yuan payment option must be offered in retail scenarios
According to the official, Chinese CBDC has “undergone a major upgrade” in terms of its “organizational forms” and business model …
China’s central bank conducts 12-bln-yuan reverse repos
BEIJING, Sept. 4 (Xinhua) — China’s central bank conducted 12 billion yuan (about 1.67 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday. The move aims to …
ASX 200, Nikkei 225, Hang Seng Index: Beijing’s Stimulus Bets and the Fed’s Next Move
Despite the Friday loss, the ASX 200 ended the week up 2.29% on Beijing stimulus measures. The big-found and mining stocks were a drag. Westpac Banking Corp (WBC) and The Commonwealth Bank of …
China’s economy has entered ‘new new normal’, leading policy adviser warns in call for systemic reform
More than 14 per cent of China’s population is aged 65 and above, posing a severe challenge to an economy struggling to regain post-Covid confidence Labour force will struggle to match structural …
Gina Raimondo warns China: ‘Until we see action, there can be no trust’
Win McNamee/Getty Images US Commerce Secretary Gina Raimondo said her visit to China produced “a great deal of progress,” though “there can be no trust” unless Beijing takes action in areas such as …
