This week, Shenzhen’s government announced the rollout of one of the largest real-world trials of China’s fledgling new digital currency. The announcement came at the same time that Xi Jinping visited Shenzhen, where he laid out...
The Word of the Week comes from the Grass-Mud Horse Lexicon, a glossary of terms created by...
Following repeated urging from the Party’s Organization Department and other quarters for...
Li Keqiang’s three-day visit to the U.K. got into full swing on Tuesday, with the Chinese premier meeting both the Queen and his British counterpart David Cameron. Deals and declarations were announced, covering trade...
The New York Times’ David Barboza looks at the economic and political reasons why cash is so dominant in financial transactions in China and why the government has never printed currency in bills larger than 100 yuan: For...
In its semi-annual currency report to Congress on Tuesday, the U.S. Treasury Department said the yuan “remains significantly undervalued” but stopped short of branding China a currency manipulator as former...
Amid the ‘soft landing’ that the Chinese economy is taking, China’s central bank and the Hong Kong Monetary Authority have extended their previous currency-swap bill by adding three more years and increased the...
The New York Times reports the announcement of a Chinese supercomputer built with domestically designed and manufactured chips. Although it runs at only 40% of the speed of the Intel- and Nvidia-based Tianhe-1A unveiled last...
China expressed the need for Washington to solve its long-term debt problem. This harshly worded commentary came just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt. From New...
With the Chinese yuan rising 0.41 percent versus the dollar in the last two weeks, China’s five-year notes and comparable U.S. Treasury issues was at a record high yesterday. The growing strength of the yuan was boosted...
Authorities in Frankfurt have uncovered a €6-million Sino-German fraud operation involving the illegal reassembly of scrapped coins. €1 and €2 coins consist of two concentric parts, which are separated and shipped to China as...
From Bloomberg: China’s economy, the world’s third biggest, may expand at a faster pace in 2010 even as officials cool lending to restrain inflation and avert asset bubbles. Goldman Sachs Group Inc. maintained its forecast for...
Written by Paul Krugman, Professor of Economics and International Affairs at Princeton University and Nobel Prize-winning economist, from New York Times: It’s the season when pundits traditionally make predictions about the year...
From AFP: China will maintain a weak yuan until its export sector has recovered from the global crisis, prioritising concerns at home despite growing pressure from its major trading partners, analysts say. The United States and...
From Reuters: U.S. labor and manufacturing groups urged President Barack Obama on Tuesday to live up to his campaign rhetoric and formally label China a currency manipulator in a Treasury Department report due out next week. But...
From Caijing Magazine: After months of uncertainty, a pilot program for yuan-based trade settlement took a substantial step forward when the People’s Bank of China, the central bank, recently released new rules for...
From Wall Street Journal: Three Shanghai companies used the yuan to settle cross-border trade deals for the first time Monday, a step toward promoting broader use of the Chinese currency internationally and, over time, reducing...
From Reuters: The financial crisis has laid bare defects in the dollar-led global economy and countries should look to displace the U.S. currency, even if that will take many years, Chinese officials said in comments published...
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
