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China announces crackdown on illicit crypto exchanges

China

Authorities in China, spearheaded by the State Administration of Foreign Exchange (SAFE), recently executed a robust crackdown on an underground bank involved in illicit crypto-based exchange services. This targeted operation, spanning 17 provinces, intricately utilized over 1,000 bank accounts to facilitate transactions totaling a staggering 15.8 billion yuan, equivalent to approximately $2.2 billion. Illegal exchanges […]

Xi Jinping swears no one can separate Taiwan from China

China

In a move reminiscent of a chess grandmaster’s confident proclamation, Chinese President Xi Jinping recently asserted with unyielding conviction that Taiwan’s separation from China is a notion that belongs in the realm of impossibility. This statement comes as the geopolitical chessboard is getting increasingly complex, with Taiwan soon to elect a new leader amidst heightened […]

BRICS revolution: UAE and China announce mega trade shift using local currencies

China

The United Arab Emirates is looking for increased trade with China to become one of the global players. Both countries are trying to increase their cooperation by indulging in bilateral investments and cooperation to grow their presence in the Pacific Islands and Africa. The report further says that trade between the two countries will be […]

Why China’s central bank is stepping into the shadows

China

China’s financial landscape is witnessing a dramatic reshuffle, with the People’s Bank of China (PBoC) subtly retreating into the shadows. This change marks a significant shift from the once-dominant role played by the central bank in China’s economic affairs. As Beijing recalibrates its growth model, the PBoC finds itself in a transformed environment, where its […]

China, UAE set to ramp up local currency trade

China

The global economic landscape is bracing for a seismic shift as the United Arab Emirates (UAE) aligns closer with China, steering towards a strategy that could redefine international trade dynamics. This bold move is not just about expanding economic frontiers; it’s about challenging the established order, where the UAE seeks to evolve from a regional […]

China’s Strategic Pursuit of AI Secrets Unveiled Amidst Heightened U.S. Allegations

AI secrets

In a chilling revelation that transcends the realm of conventional espionage, the United States has raised the alarm on China’s sophisticated use of artificial intelligence not only for stealing trade secrets but also for turbocharging its espionage activities. The arrest of Xiaolang Zhang, a former Apple employee, merely scratches the surface of a broader and […]

The Future Battlefield – Decoding China’s Military-Civil Fusion Blueprint

Military-Civil Fusion

In a sweeping effort to propel the People’s Liberation Army (PLA) into unparalleled technological prowess, the Chinese Communist Party (CCP) has unleashed its ambitious “Military-Civil Fusion” (MCF) strategy. This strategic blueprint, encompassing quantum computing, semiconductors, 5G, nuclear technology, aerospace technology, gene editing, and artificial intelligence, signifies a comprehensive and institutionalized approach unlike any seen before. […]

China slams brakes on Argentina’s $6.5b currency swap

China-Argentina

In a dramatic turn of events, China has abruptly put the brakes on a crucial $6.5 billion currency swap agreement with Argentina, signaling a significant shift in international economic relations. The pause in this vital financial deal, which has been a lifeline for Buenos Aires since 2009, comes as a direct response to Argentina’s newly […]

China’s Central Bank addresses crypto regulation in new financial stability report

China

In a groundbreaking move, the People’s Bank of China (PBoC) has included a dedicated section on cryptocurrency assets in its latest financial stability report.  The report marks the first instance where the PBoC officially acknowledges and addresses concerns related to cryptocurrencies and decentralized finance (DeFi). This development emphasizes the need for global regulatory cooperation in […]

A new chapter emerges in the endless US-China dispute

US-China

The ongoing geopolitical chess game between the US-China has entered a new phase with Beijing’s latest maneuver – the ban on exporting rare earth processing technologies. This move, a clear response to the US-led restrictions on advanced computer chip sales to Chinese companies, escalates the already tense relations between the two superpowers. China’s dominance in […]

From bad to worse? Assessing China-Philippines relations

From bad to worse? Assessing China-Philippines relations

The diplomatic waters between China-Philippines are becoming increasingly turbulent, with both nations ramping up rhetoric over territorial claims in the South China Sea. This escalation of tensions, despite calls for dialogue to resolve the issues, has raised concerns about the direction and future of China-Philippines relations. The situation is particularly delicate under the administration of […]

Historic cross-border e-CNY Gold purchase in Shanghai

e-CNY

In a historic move, the first-ever cross-border settlement for precious metals using the digital yuan, also known as the e-CNY (Central Bank Digital Currency), was successfully executed in 2023.  The transaction, valued at 100 million yuan (approximately $14 million), was facilitated by the Shanghai Financial Exchange International Board and orchestrated by the Bank of China’s […]

China’s new direction in Web3 and blockchain

China

In a significant departure from its previous stance on cryptocurrencies, China has taken bold steps to position itself as a global leader in Web3 and blockchain technology.  The Chinese Ministry of Industry and Information Technology has recently unveiled a comprehensive plan to foster the development of Web3 and blockchain technologies within the country. This strategic […]

China, Saudi drive BRICS’ push to erase dollar in global economy

China, Saudi drive BRICS' push to erase dollar in global economy

The global financial landscape is undergoing a dramatic transformation, with the BRICS alliance – Brazil, Russia, India, China, and South Africa – at the forefront of a daring initiative to challenge the supremacy of the US dollar. The year 2023 has been a landmark period for this bloc, particularly with the inclusion of powerhouse nations […]

China to unveil Web3 strategy to boost NFT and DApp development

China to unveil Web3 strategy to boost NFT and DApp development

China’s Ministry of Science and Technology has announced its strategic plan for developing Web3 technologies. This initiative aims to foster the growth of innovative business models, including Non-Fungible Tokens (NFTs), and accelerate the application of Web3 in various sectors. Despite China’s crypto ban, the government recognizes the significance of Web3 and plans to release a […]

China’s debt crisis is only a part of greater challenges

China and debt

China’s burgeoning debt crisis, a focal point of global economic discourse, has recently been underscored by Moody’s decision to downgrade the country’s credit outlook. This development, however, is just the tip of the iceberg in terms of the challenges facing the world’s second-largest economy. The International Monetary Fund (IMF) has brought to light that China’s […]

Philippines couldn’t become friends with China – and it really did try

Philippines couldn't become friends with China - and it really tried

The diplomatic dance between the Philippines and China over the contentious South China Sea has been a prolonged and intricate affair. Despite earnest efforts by Manila to forge a friendlier relationship with Beijing, recent events have only highlighted the complexities and challenges in this geopolitical tango. Philippines President Ferdinand Marcos Jr.’s recent remarks underscore a […]

Will we see a China economic rebound in 2024?

Will we see a China economic rebound in 2024?

The economic scene in China, post-COVID-19, presents a tableau of uncertainty and conjecture. With the collapse of the stringent COVID protocols, expectations soared for a swift economic rebound. Optimists visualized bustling malls, revitalized foreign investment, humming factories, and a stable real estate sector. The reality, however, paints a different picture, one of cautious consumers, retreating […]

China’s Hyperrealistic AI Actor Redefining Entertainment

China

Lili Ziren, a hyperrealistic AI actor, has taken the Chinese entertainment industry by storm, starring in the TV series “I Am Nobody” alongside human castmates. Produced by Tencent Animation and Comics and distributed on the Youku platform, Lili’s remarkable likeness to a human performer has garnered her a growing fan base across Chinese social media […]

Revolutionizing Oil Exploration – AI Digital Twinning Tech Set to Transform E&P Operations

AI Digital Twinning Tech

China recently marked a significant stride in offshore oil production by unveiling its first-ever smart floating production storage and offloading (FPSO) system. This innovative platform integrates cutting-edge technologies, including artificial intelligence (AI), edge computing, cloud computing, big data, and the internet of things (IoT), through the implementation of AI Digital Twinning technology.  Meanwhile, across the […]

Inside China’s failed attempt to spy on Europe

Inside China's failed attempt to spy on Europe

In a plot twist worthy of a spy thriller, China’s covert operation to sway European politics just hit a wall. The story unfolds with Chinese spies attempting to play puppeteer with European politics, using a far-right Belgian politician as their marionette. This saga, more tangled than headphones in your pocket, reveals the lengths to which […]

China Mobile Launches LinkNFT: A New Era of NFT and Web3.0 in Hong Kong

China Mobile Launches LinkNFT: A New Era of NFT and Web3.0 in Hong Kong

China Mobile, the largest telecom operator in China, unveiled a significant innovation in the digital realm – LinkNFT, a market dedicated to non-fungible tokens (NFTs). The development is part of a broader initiative to usher in the next generation of Web3.0 Internet in Hong Kong. LinkNFT is designed to provide Hong Kong citizens with seamless […]

China pours trillions of yuan into money markets – and the US?

China pours trillions of yuan into money markets - and the US?

China, a key member of the BRICS alliance, has unleashed a colossal financial stimulus into its money markets. The People’s Bank of China (PBOC), in an unprecedented move, is infusing commercial lenders with a staggering 1.4 trillion Chinese Yuan, equivalent to $112 billion. This financial jolt, the largest in the Communist nation’s history for medium-term […]

Janet Yellen still striving to mend US-China relationship

Janet Yellen still striving to US-China relationship

U.S. Treasury Secretary Janet Yellen is choreographing a careful yet forward-moving approach towards managing the US-China relationship in the coming year. Her strategy, outlined during a recent event hosted by the US-China Business Council, underscores the United States’ commitment to maintaining robust ties with China, the world’s second-largest economy, despite the complexities and challenges that […]

Chinese grannies are coming for your airdrops

Chinese grannies are coming for your airdrops

The cryptocurrency space, long dominated by tech-savvy youth, is witnessing a surprising twist: the rise of Chinese grannies in the airdrop arena. These bold, unassuming seniors are not just breaking stereotypes; they’re redefining the dynamics of digital asset distributions, known as airdrops, in the crypto world. The unlikely crypto enthusiasts In the bustling streets of […]

U.S. House Panel flags China war risk for banks

U.S. China

Amidst escalating global tensions, the U.S. House of Representatives’ China committee has recently thrown a spotlight on an unsettling scenario: the resilience of American banks in the event of a conflict with China. The committee’s report, a comprehensive document reflecting deep concerns over the U.S.-China power dynamics, underscores the imperative for the Federal Reserve to […]

China has a blockchain ambition – But the reality?

In the digital landscape, China’s Ministry of Public Security is gearing up to introduce a groundbreaking blockchain-based platform, RealDID. This initiative marks a significant stride in the nation’s endeavor to harness blockchain technology for enhancing the security and efficiency of identity verification processes. Unveiling RealDID: A blockchain revolution RealDID emerges as a multifaceted platform, designed […]

China and the spiral of deflationary peril

China and deflation

While much of the world grapples with the specter of inflation, China faces a unique challenge – the threat of deflation. The country’s gross domestic product (GDP) deflator, a comprehensive gauge of prices across all goods and services, has dipped to a negative 1.4 percent, marking two consecutive quarters of contraction. This downturn in prices […]

What China and Vietnam’s new friendship means for the United States

What China and Vietnam's new friendship means for the United States

China’s President Xi Jinping’s recent visit to Vietnam marks a significant moment in the relationship between the two Asian nations. Amidst the evolving geopolitical landscape, this visit signifies more than just a routine diplomatic exercise. It underscores a deepening bond between China and Vietnam, a development that holds substantial implications for the United States and […]

China to utilize blockchain technology for real-name verification of 1.4B citizens

China

In a groundbreaking announcement, the Blockchain-based Service Network (BSN), a national-level blockchain initiative in China, has revealed plans to employ blockchain technology for verifying the real-name identities of the country’s vast population of 1.4 billion people.  This initiative, named RealDID, is spearheaded by China’s Ministry of Public Security in collaboration with BSN. While it seeks […]

China’s charm offensive falls flat: What went wrong?

China's charm offensive falls flat: What went wrong?

In recent times, there’s been a marked shift in the global economic landscape, particularly in the relationship dynamics between major world powers. China, a dominant player on this stage, has been experiencing a significant downturn in its appeal to foreign investors and governments alike. The optimism that once surrounded the US-China APEC summit has dissipated, […]

China’s central bank escalates USD exodus in the market

China and USD

China’s latest financial maneuver marks a significant shift in global currency dynamics, as the country’s Central Bank actively offloads the US dollar in the currency market. This strategic move, unfolding over three consecutive days in December, is not just an economic decision but a bold statement in the world of international finance. At the core […]

Singapore and China launch Digital Yuan pilot for tourist transactions

digital yuan

Singapore and China have initiated a cross-border pilot program for the use of China’s central bank digital currency (CBDC), the digital yuan. This initiative, a collaboration between the Monetary Authority of Singapore (MAS) and the People’s Bank of China’s Digital Currency Institute (PBCDCI), aims to simplify transactions for tourists in both countries. Easing cross-border transactions […]

At this point, are things ever going to get better for China’s economy?

China

China’s economy, the world’s second-largest, is currently experiencing its most significant deflationary spiral in years, raising eyebrows and questions about its future stability. In a startling November downturn, China’s consumer prices plummeted by 0.5 percent year-on-year, marking the sharpest decline seen in three years. This drop surpassed the modest 0.2 percent dip anticipated by economists […]

BRICS make good on their word to ditch the US Dollar – The $2B Copper mega-deal

BRICS

The BRICS nations—Brazil, Russia, India, China, and South Africa—have recently taken bold steps to fulfill their commitment to reducing dependence on the US Dollar. This strategic move comes to the forefront as these emerging economies embark on a groundbreaking $2 billion copper mega-deal, one to be settled in Chinese Yuan. The decision to shift away […]

Xi Jinping shares update on China’s economic comeback attempts

China and Xi Jinping

China, the global powerhouse, currently stands at a pivotal juncture in its journey towards economic resurgence. President Xi Jinping, in a recent address, emphasized that China’s path to economic rejuvenation remains fraught with challenges, both domestically and on the global stage. The Asian giant, renowned as the world’s second-largest economy, has been navigating through a […]

What does China and Saudi becoming tight means for the U.S.?

china saudi arabia

The global stage is witnessing a fascinating shift as China and Saudi Arabia knit closer ties, particularly highlighted by recent events in Hong Kong. This burgeoning relationship, underscored by Saudi Arabia’s Future Investment Initiative Institute hosting its first Asia conference in Hong Kong, paints a new geopolitical landscape. The implications of this alliance for the […]

All things considered, China’s economy is still bigger than the US’s

china

The narrative of global economic supremacy is witnessing a dramatic shift. Contrary to popular perception, China’s economy, when measured accurately, has not only caught up with but overtaken the United States. This development, significant yet understated, marks a pivotal moment in the balance of global economic power. Rethinking Economic Comparisons Recent reports based on market […]

Asia Hedge Funds Ride High on Japan Rebound and AI Surge, Dodging China Turmoil

AI

In a year marked by economic uncertainties and geopolitical tensions, Asia hedge funds have managed to steer clear of the tumultuous Chinese investment landscape. The real news lies in their strategic moves tied to Japan’s resurgence and the flourishing AI-driven technology sector. As Asia-focused funds celebrate a significant performance improvement, this narrative delves into the […]

China continues its relentless US dollar exodus

china

China’s recent move to offload a substantial amount of US dollars from its currency reserves marks another chapter in the country’s ongoing strategy to reduce its dependency on the US currency. This decisive action, initiated by Chinese state-run banks, unfolded over three consecutive days this week, signifying a major shift in the global currency dynamics. […]

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