Search Results for: China

China prepares to launch its own digital currency as Facebook’s Libra languishes

November 13th, 2019 (0)
China is moving closer to releasing the world’s first government-backed digital currency. Li Wei, the head of technology for the People’s Bank of China, the central bank, said on Monday that commercial banks should increase their use of blockchain ...

China’s new digital currency

September 9th, 2019 (0)
China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank officer said. Mu Changchun, deputy director ...

China or US?

September 9th, 2019 (0)
  China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong ...

European shares joined a China-driven global sell-off on Monday

August 5th, 2019 (0)
European shares joined a China-driven global sell-off on Monday, dragged down heavily by commodity-linked stocks as anxiety over trade frictions with the United States sent the country’s yuan below 7 per dollar for the first time in a decade. ...

Yen gains but yuan, Aussie dip as U.S.-China trade war escalates

May 13th, 2019 (0)
The safe-haven yen edged higher and the Chinese yuan and Australian dollar dipped early on Monday after the latest escalation in the trade war between the United States and China. The world’s two biggest economies appeared at a deadlock ...

China promises companies ‘we will keep your secrets’

March 14th, 2019 (0)
China’s promise strengthens lukewarm drafting with a new foreign investment law due to be passed later this week. However, companies will have to wait as the updated foreign investment law is not due to come into effect until January ...

Why China should remove all trade tariffs

December 10th, 2018 (0)
  I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to ...

Is China really developing a sovereign virtual currency?

October 16th, 2018 (0)
China is considered to be an advanced nation when it comes to all things digital. And although the country disappointed many when it banned the trading of bitcoins and other popular cryptocurrencies — China hasn’t given up on blockchains or ...

Trump accuses China, EU of currency manipulation

August 22nd, 2018 (0)
President Donald Trump accused China and the European Union of manipulating their currencies as he tries to wrestle concessions from two of the U.S.’s largest trade partners. “I think China’s manipulating their currency, absolutely. And I think the euro ...

European shares seen opening lower on US-China trade worries

August 2nd, 2018 (0)
European shares may drift lower at open on Thursday amid reports the Trump administration is mulling raising tariffs on Chinese goods. A spokesperson for China’s Foreign Ministry accused the US of “blackmail” and warning of inevitable countermeasures if the ...
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