Chinas

China’s digital yuan rekindles stocks in move to displace cryptocurrencies | South China Morning Post

China’s experiment with a digital foreign money is giving life to at least one small nook of the nation’s sluggish inventory market: data know-how service suppliers. Some cryptocurrencies could also be on their manner out.

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Derby’s Take: Fed’s Powell Is Unworried by China’s Digital Currency | The Wall Street Journal

Fed Chairman Jerome Powell this week echoed feedback from a few of his colleagues in saying that he doesn’t see China beating the U.S. central financial institution to market with a digital forex as a risk to the greenback’s position as the worldwide reserve forex.

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China’s e-commerce giant JD.com starts paying some staff in digital yuan | TechCrunch

China’s plan to introduce its digital foreign money is getting loads of assist from its tech conglomerates. JD.com, a serious Chinese language on-line retailer that competes with Alibaba, stated Monday that it has began paying some employees in digital yuan, the digital model of the nation’s bodily foreign money. China has been busy experimenting with digital foreign money […]

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China’s GDP jumps record 18.3% |

www.arabnews.com | China’s GDP grew simply 2.3 p.c rise final 12 months, its weakest enlargement in 44 years however nonetheless making it the one main economic system to keep away from contraction as different industrial powers struggled with the pandemic hit.

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