China’s manufacturing sector experienced a slowdown in April, as US tariffs dampened new orders and triggered job cuts, according to a private survey released Wednesday. The Caixin and […]
Trump Tariffs Impact West Coast Shipping, Causing 45% Decline in Chinese Imports
China’s exports to the United States are experiencing a sharp decline as President Trump’s tariffs reach a new level, with shipping volumes dropping by 45%. The economic tensions […]
Treasury Secretary Calls on China to Lead Trade War De-escalation
Treasury Secretary Scott Bessent asserted responsibility for reaching a trade agreement with China, arguing that it is up to Beijing to de-escalate the tariff fight. His statement came […]
Beijing Unveils 54.5 Billion Dollar Blockchain Innovation Plan for Growth
China’s capital city, Beijing, has launched a comprehensive action plan to accelerate the development of blockchain technology through 2027. This ambitious initiative focuses on enhancing blockchain infrastructure and […]
China Launches Global Diplomatic Push to Counter Trump’s Trade Deals
In a bid to undermine President Trump’s recent trade agreements with US allies, China is actively engaging in diplomatic efforts to challenge the United States’ global economic dominance. […]
UK Sets New Crypto Rules Amidst China’s Tariff Reversal
Crypto markets are experiencing significant shifts with the UK enacting new regulations and China easing import tariffs. These developments have global implications for both financial systems and industrial […]
Beijing Invests Heavily in Blockchain, Aims for Industry-Level Innovation
Beijing’s city administration has unveiled ambitious plans to incorporate blockchain technology into the city’s infrastructure over the next five years. The plan was jointly developed by multiple government […]
Beijing Unveils Blockchain Action Plan for 2025–2027
China’s capital city, Beijing, has launched a ambitious action plan to advance blockchain technology by 2027. The plan outlines efforts to create over 20 applications across key sectors […]
China’s Wang Yi Condemns US Tariffs at BRICS Meeting
During the BRICS summit, Chinese Foreign Minister Wang Yi sharply criticized the U.S. tariff strategy, arguing that these policies are being wielded as a tool for extortion in […]
Chinese Crypto Trader Sentenced for Facilitating Illegal Transfers
Xiao Yang, operating from Sunwu County, utilized WeChat to connect buyers and sellers of USDT, offering slightly higher rates than those found on the OKX exchange. As a […]
China Defiant Against US Tariff Threats, Calls for Resistance
China has challenged the United States’ tariff demands by urging other nations to stand up and resist pressure. Foreign Minister Wang Yi accused Washington of acting like a […]
Huawei Launches AI Chip Challenge to Nvidia and US Sanctions
Chinese tech giant Huawei has taken a significant step in the global AI race, unveiling its new Ascend 910D chip. This initiative aims to surpass Nvidia’s H100, challenging […]
Bradley Tusk: U.S. Leads AI Innovation, China Reigns in Cost Production
In a recent interview on CNBC’s ‘The Exchange’, Bradley Tusk, co-founder and managing partner at Tusk Venture Partners, revealed insights into the global competition in artificial intelligence (AI). […]
Crypto Trader Jailed for $16 Million USDT Money Laundering Scheme
A Chinese court has sentenced a cryptocurrency trader, Xiao Yang, to prison for operating a large-scale money laundering scheme involving USDT transactions. He used WeChat for buyer and […]
Guangzhou Court Rules Virtual Property as Legal Entity, Shaping Crypto Regulation
The Guangzhou Court has granted legal status to virtual property, a landmark ruling that could significantly impact China’s cryptocurrency regulations. This decision recognizes the unique characteristics of digital […]