The Chinese government is seemingly not against Hong Kong’s aspiration to become a crypto hub. This contradicts Beijing’s stance on matters regarding digital currencies in the mainland. Before now, Ho...
Tag: Beijing
Beijing supports Hong Kong crypto ambitions
The news that Hong Kong may soon let retail players trade significant cryptocurrencies like bitcoin and ethereum was first reported on Feb. 20. Amid the changes, it is now being reported that Beijing ...
Key Pentagon Official In Taiwan Amid Rising U.S.-China Tensions, Report Says
Topline The U.S.’s top China defense official arrived in Taiwan for an official visit on Friday, the Financial Times reported, amid rising tensions between Beijing and Washington over the recent disco...
Is China-Decoupling A Myth?
2022 witnessed an historic high in U.S.-China bilateral trade. getty For the second year running, trade and investment between the U.S. and China have increased. This, despite Washington’s escalating ...
China Says U.S. ‘Illegally’ Flew Balloons Into Its Airspace At Least 10 Times As Tensions Mount Over Military Takedowns
Topline China on Monday accused the U.S. of illegally flying high altitude balloons into the country’s airspace more than 10 times since the start of last year, according to news reports, deepening te...
China Targets Blockchain Breakthroughs With Beijing Research Center: Report
The Ministry of Science and Technology approved the establishment of the National Blockchain Technology Innovation Center recently, the SCMP reported, citing the government-run newspaper Beijing Daily...
Blockchain Research Center Set, Soon to Unfurl in Beijing
China is trying to figure out more use cases of blockchain technology. China banned cryptocurrency in 2021; Buy in promoting its CBDCs. Blockchain technology became popular after introducing digita...
China launches Beijing blockchain research center
China has launched a state-supported blockchain research center in Beijing with the goal of promoting the integration of technology into daily life through focused research and development efforts. Ac...
China Approves Launch of New Blockchain Research Hub in Beijing
China’s Ministry of Science and Technology has approved the construction of its National Blockchain Technology Innovation Centre. The research hub’s key objectives revolve around researching the techn...
China’s National Blockchain Center to launch in Beijing
The Chinese government has announced plans to set up a national blockchain technology research center in Beijing. The center is aimed at promoting and advancing the development of blockchain tec...
Beijing on the Way to Self-Reliance in Blockchain
Beijing will soon establish a National Blockchain Technology Innovation Center. Local reports claim that the Ministry of Science and Technology of China gave a go-ahead to the launch. The report notes...
Yum China Profit Plunged 89% In 4th Qtr As Covid Wave Hurt Spending
A Pizza Hut and a KFC restaurant operated by Yum China in Shanghai last year. Photographer: Qilai … [+] Shen/Bloomberg © 2021 Bloomberg Finance LP Widespread Covid outbreaks in mainland China in...
WeChat: China’s Other Trojan Horse
The Tencent Holdings Ltd. headquarters in Shenzhen, China, on Tuesday, Oct. 12, 2021. Photographer: … [+] Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Momentum is growing behind a bill in Co...
Bank of China ex-advisor calls Beijing to reconsider crypto ban
The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former me...
Why China’s Rebounding ‘Revenge Travel’ Won’t Include The USA
Nine million Chinese visitors to the USA in 2019. They aren’t coming back. (Photo by China … [+] Photos/Getty Images) Getty Images Of late, there have been reports of the resurgence of Chi...
Beijing Department Store Wangfujing Opens In Hainan In Time To Cash In On Chinese New Year
Wangfujing’s first duty-free store has opened in Wannning City, Hainan, China. Wangfujing Group Department store retailer Wangfujing has opened its first store in Hainan, the duty-free shopping ...
Biden’s SPR Drawdown Big Win For Beijing
Russian President Vladimir Putin and Chinese President Xi Jinping pose for a group photo during the … [+] G20 Summit in Osaka in 2019. (Photo by DOMINIQUE JACOVIDES/AFP via Getty Images) AFP via...
Meme Stock Billionaire’s Alibaba Wager Risks Clash With Beijing
(Bloomberg) — Ryan Cohen enthralled a generation of stock market punters by placing counter-intuitive bets on household names from GameStop Corp. to Bed Bath & Beyond Inc. Now, the activist ...
2nd Bill Prohibits Oil Sales, As Beijing Becomes A Target
Topline The Republican-led House is expected to vote Wednesday on legislation that would prohibit the Biden Administration from selling oil from the Strategic Petroleum Reserve to Chinese-linked firms...
Markets Look Forward As Beijing & Guangzhou Are Past COVID Peak
China Last Night KraneShares Key News Asian equities were largely higher to start 2023 except for Japan, which took another day off today. Both Hong Kong and China opened lower with the Hang Seng down...
The COSCO Danger Looms Large For The Global Supply Chain
COSCO sounds benign, but the term should never be confused with COSTCO, your local friendly retailer. If you hear the term COSCO, you should be asking yourself the question on the larger impact of the...
Biden Escalates The Economic War With China
Joe Biden and Xi Jinping. Biden on the right. (Photo by Chip Somodevilla/Getty Images) Getty Images President Joe Biden has taken the dispute with China to new levels – far beyond anything done by or ...
China is reopening after zero-Covid. But there’s a long road ahead
Shanghai’s main road lies empty during the evening rush hour on Thurs. Dec. 22, 2022, amid a wave of Covid infections. Future Publishing | Future Publishing | Getty Images BEIJING — It’s b...
China’s economy looks different than it was going into the pandemic
The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual Ch...
China Scales Back Reporting Of Daily Covid Numbers As Infections Rise In Major Cities
Topline China’s health officials on Wednesday announced that going forward the country’s daily Covid-19 case numbers will leave out people with asymptomatic infections—a group that made up a large maj...
China’s Zero-Covid Policy Succeeded—Until It Didn’t. Here’s What Went Wrong And What Experts Think Could Happen Next.
Topline China announced it was relaxing some of its strictest Covid restrictions on Wednesday, a major policy shift that suggests Beijing is preparing to abandon its zero-Covid strategy in favor of le...
What Is It, Why Did People Protest And What Comes Next?
Topline China announced broad changes to its zero-Covid policy on Wednesday, a major policy shift and a significant step towards reopening as pressure on officials to reassess the increasingly unsusta...
China Eases Covid Restrictions Again In Preparation For Economic Recovery
Epidemic control workers wear protective equipment to prevent the spread of Covid-19 as they guard in an area under lockdown on December 1, 2022 in Beijing, China. Kevin Frayer/Getty Images The Chines...
Chinese Stocks Rally As Beijing Signals Reopening—But Economists Divided Over Covid Rebound
Topline Chinese and Hong Kong stocks rallied on Monday and the renminbi jumped against the dollar, a positive sign of returning investor confidence amid rising public discontent and ongoing economic t...
China Relaxes Covid Curbs. But Is Now The Time To Buy Stocks?
Healthcare workers exit a locked down neighborhood in Shanghai’s Huangpu district after spraying disinfectant. STR/AFP via Getty Images China is finally shifting away from some of its strictest ...
Taiwan Economy Grew 4% In Quarter Marked By Heightened Military Tension With Mainland China
An Albatross unmanned aerial vehicle ready to take off during live-fire drills at Hengchun Airport … [+] in Taiwan amid heightened military tension with Beijing in August. Photographer: I-Hwa Ch...