Category: China

China Kills Rumor of Hasty Central Bank Digital Currency Launch
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China Kills Rumor of Hasty Central Bank Digital Currency Launch

The People’s Bank of China (PBOC) has no timetable on when it will launch its digital currency. This is according to the bank’s governor, Yi Gang, who revealed that the bank was taking its time to research, test, evaluate, and prevent related-risks before releasing the digital currency to the public. First reported by The Global…

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Dow Futures Blow Past 27,000 as China Touts “Constructive” Trade Talks With U.S.
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Dow Futures Blow Past 27,000 as China Touts “Constructive” Trade Talks With U.S.

Futures on the Dow and broader U.S. stock market rose sharply ahead of Monday’s open, as investors rallied behind apparent progress in trade talks between America and China. Dow Futures Rally; S&P 500 Follows Futures on all three major U.S. indexes rose in after-hours trading. Dow Jones Industrial Average (DJIA) futures gained as much 151…

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WH’s Navarro: China Paying for Tariffs ‘in Three Ways’ — Slashed Prices, Currency Value, Fleeing Supply Chain
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WH’s Navarro: China Paying for Tariffs ‘in Three Ways’ — Slashed Prices, Currency Value, Fleeing Supply Chain

White House assistant for trade and manufacturing Peter Navarro on Friday agreed with President Donald Trump that Americans are not paying for the China tariffs, saying he is “absolutely correct.” Navarro said on Fox Business Network’s “Mornings with Maria” that China is paying for the tariffs “in three ways.” “China is paying for the tariffs…

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China’s Cryptocurrency ‘Protects’ Legal Currency Yuan: Central Bank Official – CCN Markets
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China’s Cryptocurrency ‘Protects’ Legal Currency Yuan: Central Bank Official – CCN Markets

China’s state digital currency is coming. | Source: Shutterstock China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank. Relaying the several key attributes of China’s new central bank digital currency (CBDC) Mu Changchun, deputy director…

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