Ubiquitous digital payments and tight government surveillance have led to a plethora of payment data already available to Chinese administrators.
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China’s digital yuan moves into second phase of trials, successfully tests cross-border payment
In February, China joined a global CBDC project for cross-border payments along wit the Hong Kong Monetary Authority, Bank of Thailand and the Central Bank of the United Arab Emirates. MediaNama has …
UTime stock more than doubles, and is now 2,175% above its IPO price
Shares of UTime Ltd. soared 133.3% in very volatile afternoon trading Wednesday, enough to pace all gainers on major U.S. exchanges, in the …
China: Medlive Technology prepares Hong Kong listing
The largest online professional physician platform in China has hired Goldman Sachs and Haitong International to sponsor its planned Hong Kong IPO. Medlive Technology is an online platform that has …
China Warns Washington Not to Boycott the 2022 Beijing Winter Olympics
BEIJING — China’s government warned Washington on Wednesday not to boycott next year’s Winter Olympics in Beijing after the Biden administration said it was talking with allies about a joint …
Study says bitcoin could derail China’s climate change plans
Bitcoin mining in China is so carbon intensive that it could threaten the country’s emissions reduction targets, according to new research. China wants its emissions to peak in 2030, and has plans to …
China warns U.S. against boycotting Beijing Olympics
China’s government warned Washington on Wednesday not to boycott next year’s Winter Olympics in Beijing after the Biden administration said it was talking with allies about a joint approach to …
Boris Johnson desperately needs a more coherent China strategy
Like many of its global counterparts, the United Kingdom is in desperate need of a China strategy. Many of the world’s middling to large economies have benefited from inward Chinese investment since …
The Latest: 11 new COVID-19 cases in China’s lone outbreak
BEIJING — Chinese officials say 11 more people have been diagnosed with COVID-19 in a southwestern city bordering Myanmar that is the scene of China’s current sole active outbreak. Cases in the Yunnan …
Beijing now has more billionaires than any city
Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes’ annual rich list. The Chinese capital added 33 billionaires last year and now hosts 100, said…
Here’s How to Handle the ‘Genocide Olympics’ in Beijing
The debate over whether to boycott the 2022 Beijing Olympics is heating up, for the Games open next February. The Biden administration says it is not currently discussing a boycott with allies, but …
To Counter Beijing, Send In the Coast Guard
China exploits ambiguity at sea, and the service could be a vital part of the effort to keep the peace.
Today In Payments Around The World: Flipkart Eyes Possible Traditional US IPO; IMF Bolsters 2021 Growth Forecast
The IPO talks are continuing and could change … might have been comprised in an attack on Microsoft email technology that came out of China and exposed tens of thousands of organizations. The news …
