Blockchain isn‘t destroying the planet. In fact, it‘s going to play an essential role in helping to bring about a sustainable future. We look at the blockchain projects helping turn the power grid …
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See important notes you need to know about CBDC in crypto
A CBDC is a cryptocurrency that central banks distribute for use in lieu of a fiat currency •Nigeria became the first African country to officially launch a digital currency pilot when CBN launched …
Malaysia’s exports up 16.8 pct in February as exports to China record double-digit growth
Malaysia’s exports surpassed the 100 billion ringgit (about 23.8 billion U.S. dollars) mark in February, increasing 16.8 percent to 102.27 billion ringgit, official data showed Friday. The export …
China’s Hunan sees foreign trade up 10.7 percent
Photo shows robots working at a plant of Sany Heavy Industry in Changsha, central China’s Hunan Province, Feb. 20, 2020. (Xinhua/Chen Zeguo) CHANGSHA, March 18 (Xinhua) — Central China’s Hunan …
Chinese athletic brand Li Ning reports jump in profit for 2021, says Covid-19 outbreaks were limiting growth
Company reports an almost 1.4 times jump in net profit for the year ended 31 December, 2021 Repeated pandemic outbreaks in various regions of China have brought about uncertainty, joint CEO says Li …
China Jan-Feb aluminium imports fall 26.2% on year
China’s aluminium imports in the first two months of 2022 fell 26.2% from a year earlier, data from the General Administration of Customs showed on Friday. BEIJING, March 18 (Reuters) – China’s …
Can adopting crypto as legal tender signify the ‘death of inflation’?
Why crypto can be legal tender. Legal tender is any form of payment that a government declares legal. Quite a few states have more than one legal tender: examples include the Indi …
China Lockdowns: The Economic Cost Of Zero-COVID
The new measures come at a time when manufacturing output from China was just starting to recover after the Chinese Lunar New Year holidays in February. While China’s COVID measures are drastic, …
Column: China may balk at unnerved reserves seeking yuan
China’s yuan is in no great position yet to absorb a sizeable chunk of global central bank reserves if other central banks were to be unnerved by the freezing of Russia’s overseas assets.
China, Malaysia begin to impose RCEP tariffs on each other
As the Regional Comprehensive Economic Partnership agreement entered into force for Malaysia on Friday, China and Malaysia begun to impose RCEP tariffs on each other, which will bring new economic …
Chinese sportswear brands see growing profit as Western brands lose market share over Xinjiang cotton
Chinese sports and fashion brand Li Ning saw its profits in 2021 rise 136 percent year-on-year to 4 billion yuan ($629 million) with growing consumer support amid Western sports brands’ crackdown on …
China cuts income tax for some small firms to 20% – finance ministry
China will cut income tax for some small firms to 20% from 25%, the finance ministry said on Friday, as part of steps to ease burdens on small businesses to support the slowing economy.
JPM, Credit Suisse expect China COVID spike to have minimal impact on GDP
The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said in their reports, while adding it could hurt demand for some…
