China To Intensify Crackdown on Virtual Currencies, Including Stablecoins: Report
Mainland China has reiterated its anti-crypto stance, vowing to intensify its crackdown on speculation in virtual currencies, according to a...
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China doubles down on crypto crackdown as central bank vows to expand digital yuan
China on Monday reaffirmed its hardline approach towards virtual currencies at home, warning of the risks of stablecoins, despite growing...
China elevates infrastructure push in Tibet, aiming to raise investments on world’s roof
From giant dams to sprawling railways, Beijing has pledged to step up investments along the so-called roof of the world,...
China is expanding into digital currencies, hoping to promote use of its ‘people’s money’
BANGKOK (AP) — China has been expanding use of digital currencies as it promotes wider use of its yuan, or...
Inside the rise of ‘nightmare’ fake and toxic Labubu dolls flooding UK as border cops seize 100,000 dangerous dupes
THEY are the must-have craze of the summer - with celebrities and punters fighting to get their hands on the...
China’s strategic green investments fuel renewable sector: World Energy Investment report
Already the world’s largest investor in energy, China is poised to shore up that position in the coming years by...
De-dollarisation favours Asian assets despite record US stock run, Societe Generale says
The rotation to emerging markets in Asia that spurred the US dollar’s worst performance in more than five decades will...
Huawei and ByteDance plan major investments in tech sectors in Brazil
Chinese tech giants Huawei Technologies and ByteDance are planning major investments in Brazil’s cloud infrastructure and artificial intelligence sectors, moves likely to deepen US concerns over Beijing’s expanding digital reach in Latin America.The Brazilian newspaper Folha de S. Paulo reported on Monday that Huawei is set to announce a deal with Dataprev – a state-run technology company that manages the country’s social data systems – to use its data centres. Huawei is also in talks with Edge UOL, a cloud services arm of Grupo UOL PagSeguro, which also owns Folha.Executives...
Wealthy Chinese turn away from US real estate as Trump amps up trade war with Beijing
Wealthy mainland Chinese are increasingly shifting their attention and capital away from the US to other real estate markets amid rising geopolitical tensions between Washington and Beijing, according to property agents.In 2024, Chinese buyers’ demand for homes that cost more than US$5 million moved to Thailand, Australia and Canada, respectively, according to data tracked by Juwai IQI.By comparison, the US in 2023 was the top choice among Chinese buyers, according to the property portal, which has a network of over 50,000 real estate professionals across more than 30 countries.“Geopolitical friction,...
Decline of the US dollar as dominant global currency is inevitable: economists
The global economy is inexorably moving towards a multicurrency system as China’s persistent efforts to internationalise the yuan and technological changes erode the US dollar’s dominant position, economists said at a conference on Monday.“Trade invoicing in yuan went from zero per cent to 30 per cent in the last 10 years, and half of Chinese capital flows are now in yuan, much higher than before,” said Jin Keyu, a professor at the London School of Economics, at a panel hosted by the Milken Institute, a US-based think tank.“The truth is...
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