CAI MENG/CHINA DAILY The recent global momentum around stablecoin legislation has underscored the alternative currency’s growing influence in today’s international monetary and financial architecture. At the heart of this discussion lies a fundamental question: What exactly are stablecoins — and how should we understand their impact and relationship with sovereign currencies? For readers unfamiliar with…
How should China strengthen the resilience of its economy? In April, the Trump administration announced a surge in global tariffs, triggering strong responses from governments around the world and causing sharp turbulence in financial markets. Within three days of the announcement, global stock markets lost over $9.5 trillion in market capitalization, and volatility intensified significantly…
File photo shows a worker counts the US dollars at a bank in Tancheng County of Linyi city, East China’s Shandong province. [Photo/Xinhua] Economists and policy advisers have said that it is a strategic necessity for China to further scale back holdings in United States government debt in order to safeguard national financial stability, amid…
China will ramp up efforts to bolster the development of future-oriented industries such as humanoid robots, the metaverse and brain-computer interface, in order to foster new growth drivers, while accelerating the application of artificial intelligence in manufacturing as well as other key industries, according to the country’s top industry regulator. More efforts should be made…
BEIJING — China believes that the United States should abandon zero-sum thinking and continue to remove a series of unreasonable economic and trade restriction measures against China, the Ministry of Commerce said Friday. China has noted that the United States has recently taken the initiative to announce the approval of Nvidia’s H20 chip sales to…
Guangdong’s effort to diversify its global market has achieved results, as the province recorded a total foreign trade volume of more than 4.55 trillion yuan ($633.9 billion) in the first half of the year, a year-on-year growth of 4 percent, said the Guangdong customs authorities during a news conference in Guangzhou on Friday. Guangdong’s trading…
Shanghai will launch a new round of consumer vouchers worth 500 million yuan ($69.6 million) in the second half of 2025 to boost spending across dining, tourism, entertainment, culture, and sports sectors, local authorities announced Friday. The enhanced voucher program introduces several improvements, including the debut of cultural vouchers accessible to nationwide consumers and the…
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Copyright 1995 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested…
China has called on the United States to abandon its “zero-sum mentality” and further remove a series of unreasonable trade restrictions targeting Chinese companies, the Ministry of Commerce said on Friday. The spokesperson made the comments in response to reports that the US approved Nvidia’s H20 sales to China because Huawei can already make equivalent…