China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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45 articles matching the search query.
Two Killed, 14 Missing in Recent China Coal Mine Accidents
Accidents at two of China’s coal mines in the past few days killed two workers while 14 people went missing, according to state media reports.
June 6, 2021 Source: Bloomberg
China to hand out $6.2 million in digital currency to Beijing residents as part of trial
China has yet to do a nationwide rollout of the digital yuan but is instead focusing on trials in the form of lotteries around the country.
June 2, 2021 Source: CNBC
Chinese bitcoin traders still wield 'enormous influence' despite Beijing's 4-year crypto crackdown
In 2015, about 92% of bitcoin trading was done with the Chinese currency renminbi, but a government cracked down cut that down to almost zero.
May 25, 2021 Source: CNBC
Alibaba's Ant Group will let more users test China's digital yuan
MYbank, an online bank in which Ant has a 30% stake, is now allowing some users to link accounts with China's digital currency app, state-backed media said.
May 10, 2021 Source: CNBC
Digital Yuan Gives China a New Tool to Strike Back at Critics
Even as China grows in economic and military power, perhaps nothing reveals Beijing’s weaknesses more than the U.S.’s control of the global financial system.China has recently sought ways to counteract U.S. sanctions after the Trump administration targeted Chinese officials and companies over policies from the South China Sea to Xinjiang. Hong Kong’s leader can’t access a bank account and a top executive at Huawei Technologies Co. is detained in Canada. Even China’s state-run banks are complying
April 20, 2021 Source: Bloomberg
From Crypto to Offshore Accounts: Tactics Used to Get Cash Out of China
Finding a way around the rules is something of a national pastime.
March 10, 2021 Source: Bloomberg
China hands out $3 million of digital yuan as JD.com becomes first online platform to accept it
China is handing out 20 million yuan ($3 million) of its digital currency as part of a lottery in Suzhou.
December 6, 2020 Source: CNBC
China hands out $1.5 million of its digital currency in one of the country's biggest public tests
China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future.
October 12, 2020 Source: CNBC
Report finds $50 billion of cryptocurrency moved out of China hinting at capital flight against Beijing rules
Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money than they are allowed to out of the country, a new report claims.
August 21, 2020 Source: CNBC
China to Expand Digital Yuan Test to Tencent-Backed Meituan
China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in a major step toward the token’s mass adoption.
July 14, 2020 Source: Bloomberg
McDonald's is reportedly part of China's digital currency trial
McDonald's and Subway are reportedly two U.S. firms among 19 companies that will be participating in the digital currency trial in Xiong'an.
April 24, 2020 Source: CNBC
China’s Central Bank to Run Simulations of Digital Currency Use
China’s central bank has given the green light for some commercial lenders to run trials of its digital currency, according to people familiar with the matter, bringing it a step closer to becoming the world’s first major monetary authority to issue its own digital tender.
April 15, 2020 Source: Bloomberg
Chinese giants Huawei and Tencent join national group on blockchain after Xi's backing for the tech
China's national committee aims to set the standards for blockchain as it hopes to become a world leader in the nascent space.
April 15, 2020 Source: CNBC
Bitcoin Spikes to October Highs as China Stocks Plunge on Reopen
Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown.
February 2, 2020 Source: Bloomberg
Will Bitcoin Crash Again? Bitcoin Price Falls to 6-Month Low
Bitcoin sank to the lowest level in six months, extending this month’s slide on concerns about a crackdown on cryptocurrency operations by China.
November 24, 2019 Source: Bloomberg
China Crypto Crackdown Elicits Binance, Tron Weibo Appeal
Crypto giants Binance Holdings Ltd. and Tron have been banned on China’s largest micro-blogging service amid what appears to be fresh steps to crack down on digital currency trading.
November 18, 2019 Source: Bloomberg
Amazon of China goes big on Bitcoin - Decrypt
Despite a mixed stance on crypto, Chinese retail giant Alibaba has partnered with crypto startup Lolli to reward customers in bitcoin for purchases.
November 11, 2019 Source: Decrypt
China leaves bitcoin mining out of list of restricted activities
China, which is among the biggest manufacturers of bitcoin mining gear, has decided against eliminating the mining of the cryptocurrency, the state planner has indicated.
November 7, 2019 Source: U.S.
Bitcoin had a wild weekend, briefly topping $10,000, after China's Xi sang blockchain's praises
Bitcoin's price rose sharply over the weekend after Chinese President Xi Jinping gave a speech embracing blockchain technology.
October 28, 2019 Source: CNBC
Controversial Crypto Coin’s Rise Fueled by China Trading Ban
Cryptocurrency investors better not take their eyes off China, even after regulators there started to crack down on digital assets.
October 14, 2019 Source: Bloomberg