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China accelerates national rollout of digital currency

A citizen pays with digital yuan during "May 5 Shopping Festival," Shanghai, China, May 2, 2021. /CFP China's central bank digital currency (CBDC) has showed up at the first China Internationa

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What makes China a world cryptocurrency mining hub?

05:22 China's Inner Mongolia's recent proposal to "clean up and shut down" all cryptocurrency mining operations by the end of April 2021 gave the already high-flying bitcoin's prices a

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Eradicating extreme poverty in 2020: Did China set the bar too low?

China wants to eliminate extreme poverty and build a moderately prosperous society in all respects by 2020.The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people

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Timeline: How TikTok struggled with Trump's political attacks

Short-video sharing platform TikTok has drawn wide attention since the Trump Administration attacks started, a fact that has been weighing on the company's U.S. operations.TikTok allows users worl

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How Trump was able to leverage CFIUS to block Chinese deals

With the escalating geopolitical tensions between China and the United States, U.S. national security panel the Committee on Foreign Investment in the United States (CFIUS) has weighed in on block

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Behind Tesla's denial to deliver cars to Pinduoduo's group buyers

U.S. electric vehicle giant Tesla Inc. recently clashed with China's young e-commerce sensation Pinduoduo, that shot to fame by offering heavy discounts. The U.S. carmaker refused to deliver locally-

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Trump campaign runs attack ads against Tiktok

The logo of TikTok /CFP U.S. President Donald Trump's reelection campaign reportedly pushed ads on Facebook this weekend, accusing Chinese short video app TikTok of spying on Americans, CNN re

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JD.com debuts in HKEX with shares 5.4% higher than issued price

The second largest e-commerce player in China JD.com Inc. debuts today in Hong Kong Exchanges (HKEX) with its secondary listing. At the opening this morning, shares opened 5.4 percent higher than

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Will China leapfrog in the digital economy post-COVID 19?

China's strategies to develop the digital economy can be traced back long before the COVID-19 outbreak. But the outbreak has triggered the full acceleration of the country to carry forward its dig

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iQIYI CEO dispels research firm's allegations of exaggerated revenue

VCG "Good will triumph over evil. Let's see who will eventually win?" said Gong Yu, CEOof Beijing-based video-streaming platform iQIYI, after the company was alleged to have exaggerated revenu

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Closing financial markets: helpful or harmful

A man arrives at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. /VCG The call for temporarily closing financial markets is getting louder as global financial assets' pri

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How are pet industry SMEs dealing with the coronavirus outbreak?

It is the morning of Friday, February 7. The streets of southeastern Beijing's Baiziwan area are dotted with eateries and stores that are normally bustling with customers who have returned from their