China and Russia almost completely rid of US dollar in mutual trade
This Monday, Sergey Lavrov, the Russian Foreign Minister, made it crystal clear while speaking in Moscow, according to a report from TASS. Russia and China have almost ditched the US dollar in their trade exchanges. The shift has been drastic, seeing over 90% of their trades now bypass the dollar, using their own currencies instead. […]
Crypto mining now punishable by law in Angola – and here comes China
Angola laid down the law on April 10 with a new rule, the “Law on the Prohibition of Cryptocurrency and Other Virtual Asset Mining,” that flips the script on crypto enthusiasts. Under this rule, tapping into your computer to mine cryptocurrencies now lands you in hot water, legally speaking, with punishments ranging from a year […]
China Declares Crypto Mining in Angola a Crime
The Chinese Embassy has issued a warning to Chinese Bitcoin miners in Angola, advising them to cease their mining operations due to the implementation of new legislation that makes such activities illegal and subject to penalties. Angola enacts law on crypto mining According to a local report, the Embassy of China has highlighted that Angola […]
China’s friendship with Iran is the last thing on its mind right now
China and Iran are sticking together like glue, despite the world’s eyebrows raising after Iran’s missile launches at Israel. China is shouting its support from the rooftops, not just backing Iran but also beefing up their buddy-buddy status. And guess what? Russia’s in on this too, cheering from the sidelines after those drone strikes last […]
Awaiting China’s economic comeback? – Check out these indicators
China has hit the ground running this year, with its factories kicking into high gear. However, maintaining this pace might be a tall order without substantial improvements across various sectors. This Tuesday is set to bring a flood of official data that could confirm whether the Chinese economy is on the mend after its prolonged […]
China’s yuan overtakes United States’ dollar in global markets
The tussle over global currency dominance has ramped up, with the Chinese yuan charging ahead of the US dollar. The yuan is making significant strides, especially in central and offshore financial dealings within Russia, hinting it might soon outshine the US dollar. Yuan Gains Ground in Russia According to a Reuters report, the yuan has […]
Germany’s economy is still doing bad – and now China is in it
German Chancellor Olaf Scholz touched down in Chongqing, China, on a crisp Sunday morning. The scene was set by the Chinese state broadcaster CCTV as Scholz, accompanied by a delegation of ministers and business executives, began his strategic trip aimed at strengthening economic bonds with Berlin’s largest trading partner. As tensions simmer between Western nations […]
Russia and China’s friendship takes an interesting turn
BRICS nations, specifically China and Russia, are actively forming new alliances to champion a multipolar world, a move set to reshape the global financial system currently under heavy US influence. This collaboration was highlighted during a meeting between Russia’s Foreign Minister Sergey Lavrov and Chinese President Xi Jinping, where they discussed strategies to propel this […]
Victims of $6.2B scam request China’s help with UK seized Bitcoin
Victims of a large investment fraud in China are calling on their government to recover $4.3 billion worth of Bitcoin. This amount was confiscated by the U.K. government in response to a money laundering attempt that failed. Those who have been wronged, through a pressure group have approached China’s Ministry of Foreign Affairs. They look […]
China Utilizes AI to Craft Propaganda, Impacting Global Perception of Gaza Conflict
The Gaza War took place October 7, 2023, known as “Operation Al-Aqsa Flood,” and will be the first war of the twenty-first century. It has brought a new turn with the involvement of artificial intelligence (AI). AI being deployed for military operations, the building of international mindsets, and strategic responses from leading Global players such […]
China Embraces Blockchain: The Conflux Network Partnership Amid Cryptocurrency Skepticism
While taking a quite rigorous position on cryptocurrencies, the government of China issued a statement of launching a dialogue blockchain infrastructure system jointly with Conflux Network. It is the ultra-large-scale blockchain infrastructure platform for the Belt and road initiative that is the core of this plan. This plan, together with China’s perpetual intensification of the […]
China unveils major blockchain initiative for belt and road project
In an impressive sign of determination through which China manifests that it is deeply committed to be engaged with blockchain technology, the Shanghai Tree-Graph Blockchain Research Institute, in collaboration with the central government, has unveiled a trailblazing partnership with a target to design an “Ultra-Large-Scale Blockchain Infrastructure Platform” for Belt and Road Initiative (BRI). Through […]
Revised US Regulations Tighten Controls on AI Chip Exports to China
To enhance the country’s security measures, the administration of the Biden regime disclosed that the exports of AI chips to China will be tightened. The revised rules next April 4, 2024, restrict China’s opportunity to get at the forefront of AI technology with escalating UNSC tensions among global powers. Revised regulations target China’s tech sector […]
But seriously, what are the chances of China’s economy ever rebounding?
Everyone’s talking about China’s economy bouncing back, but really guys, what are the odds? If you’ve been keeping tabs, you’d know that the vibe is supposedly “strong,” as per a business survey. Now, let’s not get all dazzled by the fancy talk of “strong notes” and impressive stats on retail sales and industrial activity. The […]
Chinese blockchain users dealing with a shocking scam pandemic
The blockchain sphere in China is currently navigating through tumultuous waters, thanks to a cleverly orchestrated scam pandemic that’s left countless investors out of pocket. This isn’t just your run-of-the-mill cyber deception; we’re talking about a sophisticated double-whammy where victims, already burned once, are being scorched again by predators masquerading as their saviors. It’s a […]
China Surpasses U.S. in Producing AI Talent, Shifting Global Dynamics
In a significant development for the world of artificial intelligence (AI), China has emerged as the leading producer of AI talent, outstripping the United States by producing nearly half of the world’s top AI researchers. This revelation comes from a recent study conducted by MacroPolo, a think tank associated with the Paulson Institute, renowned for […]
Central banks around the world anticipating a dollar collapse any day now
The global stage is brimming with tension, and it’s not the kind that just ends when the credits roll. No, this suspense is way heavier and could hit your wallet like a ton of bricks. Central banks all over the world are stockpiling gold like there’s no tomorrow, cementing our expectations that the era of […]
China’s PBOC facilitates global access to e-CNY payments
The People’s Bank of China (PBOC) has recently released a comprehensive service guide aimed at facilitating international visitors’ use of the digital yuan, officially known as e-CNY. The guide, titled “Explore the Splendors of China with e-CNY Service Guide for Visitors in China,” seeks to streamline the process for foreign tourists to make contactless payments […]
China’s economic comeback is not going to be strong, or impressive
Guess what? China’s grand economic revival everyone’s been yapping about? Not happening. The start of the year showed us a mixed bag of tricks, with the real estate sector dragging its feet like a tired old dog, casting a long shadow of doubt over any dreams of a quick recovery. Everyone’s been holding their breath […]
China’s Position in the Generative AI Race: Assessing the Current Landscape
China in the realm of artificial intelligence (AI), OpenAI’s recent unveiling of Sora, a groundbreaking video creation software, has sent shockwaves through the industry. This innovative technology, capable of generating minute-long videos with just a simple prompt, marks a significant leap forward in AI capabilities, surpassing its predecessors by a wide margin. Sora’s impact on […]
China Leverages AI to Manage Extensive Rail Network
China has embarked on a pioneering endeavor to integrate artificial intelligence (AI) into the management of its extensive high-speed rail network, spanning an impressive 45,000 kilometers (28,000 miles). Engineers involved in the project have reported significant advancements, citing enhanced operational efficiency and improved safety measures. AI transforming high-speed rail maintenance in China The implementation of […]
China continues pushing for blockchain legislation – The latest move
China’s legislative bodies are working hard to update and pass laws that focus on blockchain. They want to create a clearer set of laws and rules. This project will also deal with the risks that come with it and make sure that the growth of digital trade and investing is safe and fair. Yuan Xiaobin […]
Revolutionizing Neurosurgery: China Unveils AI Chatbot for Brain Surgeons
In a significant stride towards integrating artificial intelligence (AI) into medical practices, China has initiated trials for an AI-powered assistant aimed at aiding neurosurgeons during critical procedures. The pilot program is being conducted across seven hospitals in Beijing and other cities, showcasing the country’s commitment to harnessing technological advancements in the healthcare sector. Development of […]
Making sense of all the things wrong with China’s economy
China’s economic engine, the powerhouse that has been the envy of the world for decades, now seems to be falling under a heavy load of issues. We’re staring down the barrel of a year where hitting a 5% growth target feels more like wishful thinking than a realistic goal. Why? Because the stack of problems […]
Charting a Course for AI Harmony: China’s Bold Initiative Takes Center Stage at UN
China has announced its intention to present a draft resolution to the United Nations aimed at fostering international cooperation in the field of artificial intelligence (AI). The proposal, revealed by China‘s Foreign Minister Wang Yi during a press conference at the Two Sessions legislative meetings, underscores the nation’s commitment to addressing global concerns surrounding the […]
China signals potential reserve requirement cut for banks
China’s financial leaders are hinting at a potential move that could give the country’s banks a bit more breathing room. With an economy that’s been like a roller coaster stuck on the world’s most confusing track, these hints come as a beacon of light—or maybe just a flashlight with dying batteries. The people in charge […]
China issues warning on crypto investments as Bitcoin peaks
China’s state media has issued a caution to investors about the risks of cryptocurrency investments, coinciding with Bitcoin’s rise to a near $64,000 high, marking its highest point in two years. The Economic Daily, a government-owned publication, highlighted concerns despite Bitcoin’s recent surge, urging investors to be aware of the underlying risks associated with digital […]
China’s got some big plans for our global economy
China is shaking things up, and not just a little. We’re talking major, earth-quaking shifts in the global economic landscape. Forget the old-school romance of international cooperation; China and the U.S. were never going to be prom king and queen. Right from the get-go, when China walked into the World Trade Organization (WTO) back in […]
BRICS nations explore creation of new currency unit to counter US Dollar dominance
The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, is reportedly exploring the development of an alternative currency. This initiative aims to reduce the bloc’s dependency on the US dollar and promote the use of local currencies in international trade. With an eye on the future, the alliance also encourages other developing nations […]
China national prosecutor targets blockchain and metaverse crimes
The Supreme People’s Procuratorate of China, which is the country’s highest prosecutorial body, has flagged an alarming rise in cybercrimes facilitated by blockchain technology and within the metaverse environments. The use of cryptocurrencies in money laundering has been particularly troubling, obscuring the trail of illegal fortunes. A striking example unfolded in November 2020 when Hu […]
U.S. economy unfazed by China’s struggles
The U.S. economy stands strong, unfazed by the economic terrors happening China, as stated by Wally Adeyemo, the U.S. Deputy Treasury Secretary, during a recent event in New York. Despite China grappling with its internal economic challenges such as an oversupply in manufacturing, aging demographics, and a declining business environment for private companies, Adeyemo remains […]
China Cracks Down on Crypto-Enabled Geopolitical Data Leaks
The Chinese Ministry of National Security (MNS) has issued a stark warning against a sophisticated scheme by overseas map companies designed to illicitly gather sensitive geopolitical data from Chinese users in exchange for cryptocurrency rewards. The alarming trend poses a direct threat to national security, leveraging the allure of digital currencies to compromise critical infrastructural […]
Top 6 things to know about crypto and Bitcoin this week
Bitcoin’s market dynamics and price movements continue to captivate crypto investors and enthusiasts alike. Open interest in Bitcoin futures markets has emerged as a significant indicator among the many factors influencing its price. This week, open interest is echoing a notable price level of $69,000 for Bitcoin, hinting at potential volatility ahead. Bitcoin could hit […]
BRICS set to crush G7 with jaw-dropping surge in millionaire count—here’s why
The BRICS alliance—comprising Brazil, Russia, India, China, and South Africa—is expected to experience a surge in the number of millionaires over the next decade. According to a comprehensive report by Henley and Partners, these nations are poised for an 85% increase in their millionaire count, significantly outpacing the projected growth in the Group of Seven […]
China sees consumers cut spending amid price decline
Amid a backdrop where price tags on everything from electric vehicles to luxury goods are sliding, the citizens of China, the globe’s second-largest economy, are tightening their belts. Not even the temptation of lower prices is enough to pry open the wallets of a population increasingly wary of economic uncertainties. This provides a glimpse into […]
Ethiopia emerges as a key destination for cryptocurrency mining operations
Chinese Bitcoin miners have set their sights on Ethiopia, marking a significant shift towards the Horn of Africa as a new hub for their operations. This pivot comes in the wake of stringent regulations and rising electricity costs in other parts of the world, with Ethiopia emerging as a particularly attractive destination due to its […]
The global impact of China’s deflation export
As the gears of the global economy grind and groan under the weight of various pressures, one player has been particularly noteworthy for sending ripples – or rather, waves – across the world’s financial seas. China, a titan in the realm of export, has been on a rollercoaster that’s not just internal but is spilling […]
China’s AI Integration Boosts Military Might, Sets New Surveillance Standard
China has introduced a groundbreaking advancement in military technology, claiming to have developed a highly sophisticated artificial intelligence (AI)-enabled spy device designed to revolutionize battlefield surveillance. The unveiling of this electronic warfare technology by Chinese scientists signals a significant leap forward in the realm of military intelligence gathering. China AI-enhanced PLA device offers unparalleled battlefield […]
China’s economy now under even more pressure because of this
The dragon’s breath seems to be faltering as China’s economic engine hits a snag, facing pressures from multiple fronts that could spell trouble for its future growth. With the consumer price index taking a nosedive at an alarming rate not seen in over a decade, the red flags are waving more vigorously than ever, pointing […]
U.S. fixes relationship with El Salvador – And the plan?
The diplomatic landscape between the United States and El Salvador has undergone a significant transformation, marked by a strategic pivot in the United States’ approach to mending fences with El Salvador. This shift comes in the wake of President Nayib Bukele’s emphatic re-election, signaling a new chapter in the bilateral relations between these two nations. […]
