China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its currency in the bloc.
Tagged By business
Arm touts cloud computing expansion, royalties to IPO investors
SoftBank Group Corp’s Arm Holdings Plc on Thursday told potential investors in its roughly $5 billion initial public offering that cloud computing expansion and royalty revenue represented major …
China’s Push to Cool EV Growth Is Upending Big Tech’s Ambitions
China’s big tech firms are feeling the pain of being late to the electric vehicle party. Their push into the world’s largest car market is being hampered by government efforts to rein in an EV…
Cramer says stick with Apple despite reports of China government iPhone ban
CNBC’s Jim Cramer told investors not to sell Apple, saying the company can adapt even if China has banned iPhones for its government employees.
Commodity expert explains what might happen to ND trade if China – U.S. relations go sour
They’re the two largest economies in the world: the U.S. and China. Despite ongoing attempts at talks with the country, the White House has not been able to foster a secure trade relationship.In 2022,
China’s yuan continues to dive – Things are getting worse
Once revered as the resilient dragon of the East, China’s economy now wrestles with the tumultuous fall of its currency. The yuan’s diminishing value paints a bleak picture, echoing challenges faced …
China’s demand crisis sparks global economic fear
It’s hard to shake the feeling of impending economic doom when China’s chronically flagging demand sits squarely at the forefront of global economic issues. This looming crisis casts a large shadow on …
Politicians Say They Want To Fight Climate Change. So Why Are They Fighting China on Electric Vehicles?
Democrats say they want to fight climate change. If that’s true, they should rejoice in China’s focus on electric cars.
Reports of iPhone ban in China raise broad alarms for U.S. business
Driving the news: Two separate reports from WSJ and Bloomberg this week suggest that the Chinese government is expanding a ban on using iPhones and other foreign-branded devices for work within …
China Is Losing Its Economic Edge, Especially Over The U.S.
China accounted for a mere 13.3% of all U.S. imports during the first six months of this year. That is down from a peak of 21.6% in 2017 and the lowest percentage since 2003 shortly…
Apple pullback in China will only mean 500,000 units at worst, says Wedbush’s Dan Ives
Dan Ives, managing director of equity research at Wedbush Securities, joins ‘Closing Bell’ to discuss tech whether or not Apple’s recent headwinds from China are overblown, the estimated valuation of Apple’s services business and the…
Sen. Hagerty says ‘terrible environment’ is forcing crypto companies ‘to look overseas’ and calls for more oversight hearings with SEC’s Gensler
A s Congress returns from summer recess, Sen. Bill Hagerty (R-Tenn.) called for crypto legislation on Thursday, arguing that the lack of regulatory clarity could push the industry outside of the U.S.
Did Authoritarianism Cause China’s Economic Crisis?
China’s economy, the world’s second largest, is facing its most serious setback in a generation. During the past two years, economic growth appears to have been cut nearly in half. After emerging from the “zero…
