Search Results for: China
The price of Bitcoin falls 10% as China plans to investigate exchanges
January 11th, 2017
The price of bitcoin fell by around 10 percent after Chinese authorities announced plans to inspect bitcoin enterprises. The People’s Bank of China published an announcement this morning that it will carry out site inspections on January 17 to ...
Bitcoin’s Price Volatile at $900 as China Concerns Linger
January 10th, 2017
Bitcoin prices experienced intense price volatility on 9th January, continuing a trend that’s been the new normal since late last week. Prices fell nearly 5% in less than two hours across global exchange today, declining from an opening price ...
Bitcoin Extends Loss After China’s Central Bank Warns Investors
January 9th, 2017
PBOC officials tell bitcoin platform to rectify issues Bitcoin surged 120% in 2016 as yuan depreciation quickened Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows. The cryptocurrency slid 1.2 ...
China Cut Tariffs On January 1
January 4th, 2017
China introduced import and export duty changes from January 1 to boost innovation-driven development and put the country’s tariff structure “more in line with the needs of international trade development.” The changes are said to be to encourage imports ...
China going cashless thanks to fintech boom
December 30th, 2016
Standing in line at a Starbucks in downtown Shenzhen, I suddenly realize that no one in front of me is paying with cash. They aren’t paying by credit card either. In fact, I can’t see a single customer holding a wallet or a ...
China regulator busts illegal forex transactions worth $2.7 billion in Shanghai
December 28th, 2016
China regulator busts illegal forex transactions worth $2.7 billion in Shanghai China’s foreign exchange regulator said on Wednesday it busted illegal transactions totalling $2.7 billion in Shanghai in cooperation with the police in 2016, and suspended three unnamed banks ...
Trump, Russia and China
December 19th, 2016
Even before he takes office, President-elect Trump is turning the world upside down. It has become clear his attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the ...
Bitcoin soars to nearly three-year high in wake of China volatility
December 15th, 2016
Digital currency bitcoin on Tuesday surged to its highest in nearly three years as investors bought the asset in a supposedly safe-haven bid in the midst of volatility in the Chinese stock market. On Tuesday, bitcoin climbed as high ...
Basketball superstar Michael Jordan wins major China IP legal case
December 13th, 2016
Michael Jordan has notched a major win for his intellectual property in China, winning rights to the transliteration of his name Jordan in Mandarin. Last week, the Supreme People’s Court overturned two rulings by Beijing courts in the last ...
Crude imports by China will probably slow by more than 60 percent in 2017
December 8th, 2016
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil is starting to sputter. Growth in crude imports by China, the second ...
