Though Digital Yuan ensures confidentiality however, it maintains enough records to track tax evasion and money laundering.
Tagged By business
China reopening is wild card for Canada sticking economic soft landing, analysts say
China’s rapid reopening is likely to fuel demand for commodities produced in abundance by Canada, potentially helping Canada’s economy avoid a recession as long as it does not also force up inflation …
Taiwan tells start-ups to shun mainland China and go to Japan instead, amid supply-chain decoupling
The head of a Taiwanese government-backed group says that diversifying supply chains, with an eye on Japan, is being encouraged as ‘one of the new government policies’.
Crypto industry will ‘come up with new things’ and CBDCs are moving ahead despite recent turmoil, BIS says
“I would assume that the industry will learn from these failures and they will come up with new things,” head of the BIS Innovation Hub told Reuters.
U.S. Tops New Asia Power Ranking “Due Largely To China’s Setbacks”
The United States remains the most powerful nation in Asia “due largely to China’s setbacks,” according to a survey published today the Australia-based Lowy Institute. Lowy’s Asia Power Index found …
China’s demand for Africa’s donkeys is rising. Why it’s time to control the trade
The demand for donkey hides to produce ejiao has led to a shortage of donkeys in China and increasingly worldwide.
China moves in on Afghanistan as relationship with Taliban grows: ‘We welcome Chinese investment’
China has been seeking greater economic and security involvement in Afghanistan since the US withdrawal in August 2021 as it looks to fill the vacuum left by the US.
How China’s reopening is helping resilient Asia avert a full-blown recession
China’s surprise reopening and its spillover effects into the rest of Asia – mostly in the form of tourism – are seen as buttressing the region’s economies.
Concern over China threat becoming increasingly bipartisan as Dems speak out against CCP, TikTok
Democrats and Republicans alike are speaking out more and more against Chinese spying efforts in recent days, including the wildly popular social media app TikTok.
Russia’s Ozon relies on Chinese brands following Western sanctions
Chai began selling made-in-China home appliances, kitchenware, and car parts on Ozon, one of Russia’s most popular e-commerce sites, dubbed Russia’s Amazon. By the end of 2022, Chai was receiving 30 …
China is incentivising its CBDC adoption with free digital Yuan
During the Lunar new year, China handed out millions of digital Yuan to people in red envelopes. This helped them get many new users onboarded in their CBDC program. It worked because handing red …
China willing to restart trade exchange mechanism with Australia after talks
REUTERS/Carlos Garcia Rawlins BEIJING, Feb 6 (Reuters) – China’s commerce minister Wang Wentao said talks … The virtual meeting came after Chinese officials relaxed import bans on Australian coal as …
China accelerates major projects to boost economy
Photo/Xinhua] Experts noted that the launch of major projects will bring a surge of orders for related companies, increase profits, and create more jobs. Moreover, it will help stabilize investment …
