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China is poised to give legal backing to the launch of its own sovereign digital currency, cementing its trailblazer status in virtual currencies far ahead of other countries, after already recently experimenting with large-scale trials of actual payments by consumers, which was met with mixed results.  The South China Morning Post reported Tuesday that "The People’s Bank…

While Facebook readies emergency measures to halt the spread of viral election day misinformation, contributing to a bout of social media hysteria that is starting to feel vaguely reminiscent of the perturbation that preceded Y2K, the censors over in Beijing are as busy as ever. Reuters reports that China's "top cyber authority" has declared that…

Today China's top leaders represented by the Chinese Communist Party’s Central Committee started the Fifth Plenum of its 19th Party Congress where they will chart the course for the economy’s development for the next 15 years and set the country’s long-term priorities, with are expected to focus on boosting technological self-sufficiency and domestic demand while…

Authored by Clive Hamilton and Mareike Ohlberg via The Epoch Times,. Excerpted from the book: ‘Hidden Hand: Exposing How the Chinese Communist Party Is Reshaping the World’ In 2018 the well-connected Washington Post columnist Josh Rogin pointed out that China had been building networks of influence in the United States over many years, and that the U.S. government “is…

Last week, we reported that Beijing was suddenly on edge after a core pillar of China's housing market - China Evergrande, the mainland's second largest and the world’s most indebted property developer, saw its stock plunge and its bonds briefly halted following reports it was seeking government help to stave off a cash crunch caused…

Is China's housing bubble - the main "wealth effect" for hundreds of millions of middle class Chinese - finally about to burst? On Friday, trading in onshore bonds of China Evergrande, China's second largest and the world’s most indebted property developer, was halted after reports it was seeking government help to stave off a cash…

Update: Adding fuel to the foire that Coughlin describes below, Global Times Editor Hu Xijin tweeted the following earlier today: The more US aircraft carriers come to the South China Sea and exert pressure on China, the more it will prompt the PLA to develop complete and reliable methods against them. Once a war begins,…

Earlier this week we discussed the striking difference between virtually every western central bank balance sheet - of which the Fed's is a prime example - all of which have grown at a staggering pace over the past decades and especially since the covid crisis as central banks acquired various securities most notably Treasurys and…

Authored by Tahir Aslam Gora via The Epoch Times, After finding itself cornered over the handling of the novel coronavirus, appropriately named the “CCP virus,” China is embracing an offensive mode globally. The Chinese foreign ministry has now instructed its ambassadors to aggressively defend its interests and reputation, even if at the cost of diplomatic niceties. Following…

Judging by the Chinese stock market, Chinese credit impulse data, and Chinese PMIs, tonight's GDP data should be a big winning rebound proving the communist nation has overcome the viral enemy and is back on its path to global economic domination. Source: Bloomberg The "v-shaped" recovery in all the PMIs is rather impressively well managed...…