The head of China’s central bank has sworn to expand the international use of the digital yuan as other nations switch to stablecoins away from CBDCs.
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David Sacks ‘warns’ US, says DeepSeek ‘proof’ China can advance AI chips despite restrictions
White House AI and crypto czar David Sacks warns that strict US chip export rules risk weakening America’s tech dominance and boosting Chinese rivals. He highlights the rapid progress of Chinese AI, …
Haier Ranks First in Industry on the Top 50 2025 Chinese Global Brand Builders List, Maintains Top 10 Position for 9 Consecutive Years
Haier has once again secured the top position in the home appliance category on the prestigious Top 50 2025 Chinese Global Brand Builders List, jointly released by Google and Kantar BrandZ. This marks …
China soy sauce maker rises on Hong Kong debut
Shares in China’s top soy sauce maker Foshan Haitian ended slightly higher on its debut on Thursday (Jun 19) after raising US$1.3 billion in one of Hong Kong’s biggest initial public offerings (IPO) …
China learned a valuable lesson in US trade talks: the value of its leverage
US President Donald Trump may have touted the latest trade deal between the US and China as a win for America. But it’s Chinese leaders who have walked away with an extra spring in their…
China’s 618 shopping fest sets record, but daily spending slips
China’s largest mid-year shopping festival, 618, ended on Wednesday with record sales, though daily spending dropped amid an extended sales period aimed at enticing consumers to part with more of …
Global IPO activity slumps in 2025 as tariffs, volatility weigh
Global equity IPOs have plunged this year, weighed down by heightened business uncertainty from U.S. tariffs, elevated market volatility and higher interest rates that have raised funding costs and …
China approves rare earth export licences for select firms, says commerce ministry
China’s Commerce Ministry said Thursday it had approved “a certain number” of rare earth export license applications but declined to disclose specifics, including quantities or how many involved U.S.
China has granted rare earth export licences to some firms, commerce ministry says
China’s commerce ministry said on Thursday that “a certain number” of rare earth export licence applications had been approved, but declined to give further details such as the exact amount and how …
What China’s Listing Frenzy in Hong Kong Means for Investors
Chinese companies are lining up in droves to list on the Hong Kong stock exchange, sparking a frenzy in a market that has been forsaken by investors and companies for many years.
China’s EV powerhouse BYD accelerates into Europe’s heartland
LONDON] A synchronised flock of drones lit up the sky above Rome’s Olympic Stadium last month to mark the European launch of the latest electric hatchback from Chinese carmaker BYD. Read more at The …
China’s Foshan Haitian Makes Hong Kong Debut After $1.3B IPO
Foshan Haitian raised HK$10.13 billion in the stock offering, equivalent to US$1.29 billion, making it one of the biggest IPOs in Hong Kong so far this year. Cornerstone investors included …
David Sacks says overly strict US export controls may backfire because China’s AI models are just ‘months behind’
January’s DeepSeek launch challenged assumptions that Chinese AI models were years behind the US, David Sacks said.
