The clampdown comes as China’s central bank has been testing its own digital currency, the electronic Chinese yuan. The price of Bitcoin fell as much as 6 percent on the news.
Tagged By beijing
China looms large over Biden’s meeting with ‘Quad’ leaders of India, Australia and Japan
Biden’s meeting with the leaders of India, Japan and Australia is meant to show Beijing the US and allies are serious about countering China’s rise.
Wonking Out: This Might Be China’s ‘Babaru’ Moment
The story of the moment is Evergrande, a huge, heavily indebted real estate company that appears on the edge of default. The echoes of the global financial crisis 13 years ago are obvious. The …
China’s crypto ban has almost achieved a ‘meme-like status,’ but here are the lingering impacts
Most analysts expect the sell-offs from ‘China FUD’ to be short-term, but China’s most recent crypto crackdown could further changes the industry’s …
Huawei Executive Meng Wanzhou Could Return to China After Reaching Deal With DOJ
The Justice Department submitted a letter saying it would address “a resolution of the charges against the defendant in this matter” at a hearing.
Canada, China and US were all doomed to lose in Meng Wanzhou’s case
Analysis: After the Huawei chief’s detention, the saga rapidly turned from a narrow legal dispute into an escalating battle …
‘Quad’ meets at White House as China looks warily on
Leaders of the United States, Japan, India and Australia met on Friday for a summit amid shared concerns about China’s growing power and behavior, a meeting expected to yield progress on COVID-19 …
Academic who tried importing child sex doll from China avoids jail
Tech professional Malcolm Young was put on the radar of Northumbria Police when he attempted to import the 3ft2, flat-chested doll, with clothing and accessories, in 2017.
China’s Aug manganese ore imports drop to 14-month low
China’s imports of manganese ore resumed the downward spiral in August to reach a 14-month low of 2.2 million tonnes, off by a large 516,727 tonnes or 18.8% on-month after the short-lived recovery in …
Container ships now piling up at anchorages off China’s ports
The number of container ships anchored off Shanghai and Ningbo has surged over recent weeks. There are now 242 container ships waiting for berths at countrywide. Whether it’s due to heavy export …
China’s top regulators ban crypto trading and mining, sending bitcoin tumbling
China’s most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring …
China Just Made Crypto Transactions Fully Illegal
The update from The People’s Bank comes on the heels of a years-long crackdown in an effort to stave off illegal activities and environmental apocalypse.
China’s Clothing Brand Criticised For Controversial Kids’ Shirt Saying ‘welcome To Hell’
China’s top clothing brand has apologised after drawing backlash for producing children’s clothing with phrases saying “welcome to hell”, “let me touch you.” …
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