China’s exports of rare earth products — including powerful magnets now at the heart of tensions with the US — slumped to a fresh five-year low in May as Beijing’s export curbs choked flows.Most Read…
Tagged By crypto
China hits back at Ursula von der Leyen’s ‘baseless, biased’ speech at G7 summit
The much-speculated EU-China reset looks in trouble after both sides exchanged sharp accusations in the last few days. View on euronews …
China’s central bank promotes blockchain and stablecoins as solution to payments
People’s Bank of China (PBoC) governor emphasized blockchain’s role and distributed ledgers for global payments at the Lujiazui Forum event.
Alibaba-backed MiniMax mulls Hong Kong IPO – report
Chinese AI startup MiniMax is considering an IPO in Hong Kong, Bloomberg News reported. MiniMax, one of China’s so-called ‘new AI tigers or dragons which is valued at about $3B, could aim to list as…
China’s E-Commerce Giant JD.com Tests Stablecoins in Hong Kong
Key Takeaways Chinese e-commerce giant JD.com has entered the stablecoin arena, testing HKD-pegged tokens in Hong Kong’s regulatory sandbox. JD has completed the second phase of its testing and aims …
China’s mining giants Bitmain, Canaan, and MicroBT set up US factories to avoid Trump’s tariffs
Bitmain, Canaan, and MicroBT — the three biggest Chinese bitcoin mining rig manufacturers — are now building their machines in the United States.
CNBC’s The China Connection newsletter: Chinese exporters increasingly need to build brands to survive
The game for survival has changed in China’s fast-growing industry of smaller businesses selling overseas via the internet.
China’s Central Bank Wants a Multi-Currency World — Led by the Digital Yuan
China’s central bank chief has called for a shift from dollar dominance toward a multi-currency system led in part by the digital yuan.
China will issue remaining consumer goods subsidies at stable rate, state media says
China will issue the rest of its consumer goods trade-in funds in an orderly manner and the central government is now guiding local governments to use the funds at a stable pace, state media …
China to open new centre to boost yuan’s global reach
China’s central bank governor on Wednesday said the country will set up an “international operations centre” for the digital yuan as part of efforts …
China’s electric car revolution is eating itself
In the world’s biggest market for electric cars, a sales miracle is turning into a “Darwinian battle” for survival. The number of electric vehicles (EVs) sold in China rocketed to 6.4m last year, …
China to loosen IPO restrictions by reinstating listings of unprofitable start-ups: CSRC
China plans to resume listings of unprofitable start-ups on its technology boards in an effort to support the nation’s drive toward technological self-sufficiency and roll back curbs on the initial …
China will boost the yuan’s global reach with new operations centre, PBOC says
The announcement at the Lujiazui Forum comes as China accelerates efforts to expand the global use of its currency amid growing US tensions.
