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Hong Kong citizens transfer their property to stablecoins

The national security law allows Chinese government to confiscate property of inhabitants and organizations suspected of breaking the new security law. Data show that...

US-China tensions are on the rise. Yet, China owns billion dollar

China represents the second largest holder of US public debt. The value is $1,08 trillion, which is $240 billion less than 6 years ago....

The Chinese are interested in Russian oil

The recovering demand connected to OPEC+ output cuts is slowly leading to price growth. Not only Chinese refineries, but also other Asian countries, had...

China suggests implementing stablecoin in four Asian countries

A proposal for a regional digital union using stablecoin (a virtual currency backed by standard currency) was introduced by Chinese representatives last week. The...

Trump to block uranium import from China and Russia

American president Donald Trump supported the idea of blocking uranium import from China and Russia to support U.S. nuclear industry Trump administration officials granted the...

Shanghai Stock Exchange haunted by new coronavirus cases

Shanghai Stock Exchange index dropped in 0,2% in the middle of the week The decline appeared after almost 2% growth on Monday and Tuesday, and...

China’s central bank a step closer to digital yuan

According to Bank of China’s latest official statement, the China's central bank will proceed to issue national digital currency People's Bank of China has not...

Freeport-McMoRan to suspend dividends and lower costs this year

The world's largest publicly traded copper producer will not suspend any dividends to its stakeholders as a reaction to coronavirus Phoenix-based Freeport-McMoRan company had planned...

Carbon emissions drop at fastest rate in last 30 years

The volume of energy from coal plants fell by 3% last year, which lead to global carbon emissions drop by 2% The decline represents the...

China eased venture capital rules

On Friday, China’s securities regulator eased rules for venture capital transfer The country hopes to increase resilience of its economy after it was hit by...

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