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People in China are so spooked about the economy that even the weak yuan isn"t stopping them from buying more gold

China's central bank has been on a buying spree for 17 straight months as it diversifies its h.....»»

Category: topSource: businessinsiderApr 22nd, 2024

China"s newest aircraft carrier was spotted with aircraft mock-ups hinting at what its future air wing could look like

Images show the aircraft carrier Fujian hosting mock-ups of various aircraft, including a possible future carrier-based fighter. General view of the launching ceremony of China&#.....»»

Category: personnelSource: nytApr 18th, 2024

Yuan Weakens After "Unbalanced" Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint

Yuan Weakens After 'Unbalanced' Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint China’s economic growth beat expectations in Q1, rising +5.3% YoY - considerably.....»»

Category: worldSource: nytApr 15th, 2024

China Exports Collapse, Prompting Yuan Devaluation Fears

China Exports Collapse, Prompting Yuan Devaluation Fears China’s export growth tumbled in March compared to last year, sparking questions about a possible yuan devaluation .....»»

Category: smallbizSource: nytApr 12th, 2024

Yuan Longping, one of China"s greatest heroes, is dead at 90. Here"s how he saved millions of people during the country"s deadly famine crisis in the 1960s.

Longping developed the world'.....»»

Category: dealsSource: nytMay 24th, 2021

With China"s Digital Yuan, Think Surveillance

With China's Digital Yuan, Think Surveillance Authored by Milton Ezrati, op-ed via The Epoch Times, Ever s.....»»

Category: blogSource: zerohedgeMay 23rd, 2021

The Tell: Why the China crypto crackdown helped spark a bitcoin crash — and could feed a backlash

China's move to restrict crypto activity may have helped spark a broad selloff for digital assets. But the move, which appears aimed at bolstering the country's own digital yuan efforts, could backfire, says one analyst......»»

Category: topSource: marketwatchMay 19th, 2021

Cryptos: Why China’s digital yuan is ‘largest threat to the West’ in past 30 or 40 years, according to Kyle Bass

Kyle Bass, chief investment officer of Hayman Capital Management, says that the biggest threat to the West is the advent of the digital yuan, which he has described as a Trojan Horse that could undermine Western developed countries......»»

Category: topSource: marketwatchMay 18th, 2021

"I"m Not At All Excited": China"s Digital Yuan Is Turning Into A Giant Flop

"I'm Not At All Excited": China's Digital Yuan Is Turning Into A Giant Flop It was .....»»

Category: dealsSource: nytMay 12th, 2021

: U.S. companies, not the government, have most to fear from China’s digital yuan

When China began rolling out tests.....»»

Category: topSource: marketwatchMay 12th, 2021

How China Is Closing In on Its Own Digital Currency: QuickTake

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with -- and control of -- a rapidly digitizing economy. Trials an.....»»

Category: topSource: washpostApr 29th, 2021

How China Is Closing In on Its Own Digital Currency

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with -- and control of -- a rapidly digitizing economy. Trials an.....»»

Category: topSource: washpostApr 29th, 2021

Yum China backs FY21 CapEx view $600M

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 27th, 2021

China"s E-Commerce Giant JD.Com Starts Paying Some Workers In Digital Yuan

China's E-Commerce Giant JD.Com Starts Paying Some Workers In Digital Yuan China's e-commerce giant, JD.com which directly competes with Jack Ma's Alibaba, said on Sunday that it has started paying some staff in digital yuan, the .....»»

Category: smallbizSource: nytApr 26th, 2021

China Says It Has No Desire To Replace Dollar As Global Reserve Currency With Digital Yuan

China Says It Has No Desire To Replace Dollar As Global Reserve Currency With Digital Yuan Apparently all it takes to replace a global reserve currency is a digital currency alternative just waiting to be released .....»»

Category: blogSource: zerohedgeApr 19th, 2021

Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion

Is China Preparing A Gold-Backed Yuan: Beijing Greenlight.....»»

Category: blogSource: zerohedgeApr 17th, 2021

Jerome Powell says Fed is doing lots of work on a digital dollar as policymakers warily eye China"s digital yuan

Jerome Powell said the Fed is running experiments looking at how exactly a digital dollar might work, as China presses on with its digital y.....»»

Category: topSource: businessinsiderApr 12th, 2021

China"s Digital Yuan Comes With An Expiration Date

China's.....»»

Category: smallbizSource: nytApr 11th, 2021

Is A Cultural Revolution Brewing In America?

Is A Cultural Revolution Brewing In America? Authored by Charles Hugh Smith via OfTwoMinds blog, The lesson of China's Cultural Revolution in my view is that once the lid bl.....»»

Category: worldSource: nytApr 10th, 2021

: Will China’s new digital yuan threaten King Dollar’s reign?

China is the first major economy to issue a blockchain-enabled, digital version of its currency, the yuan, and this development has some in Washington worried that the U.S. dollar's status as the global reserve currency is under threat......»»

Category: topSource: marketwatchApr 6th, 2021