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Peter Schiff has suggested that China resolve its trade deficit with the U.S. by dumping its U.S. Treasuries and dollars, then using the proceeds to buy gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese Consumers Economist Peter Schiff has urged China to resolve its trade deficit with the United States … Read more
Geologists have announced the discovery of a massive 1,000-ton gold deposit in northeastern China. Deposit Discovery Occurs Amid Gold Rally Chinese geologists recently claimed to have discovered a 1,000-ton deposit of gold in the country’s northeast. This latest discovery comes a few months after geologists using China’s advanced mineral prospecting technology found another deposit with … Read more
A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S. dollar-pegged stablecoins, not bitcoin ( BTC) or … Read more
The Cyberspace Administration of China stated that all artificial intelligence (AI) machine-generated content must be flagged with watermarks or metadata to identify its artificial origin. Unflagged content can still be produced, but creators must clarify the origin of the content, which will be logged by the source app for easier tracking. China Starts a Crusade … Read more
China is significantly increasing its money supply, marking its first major monetary easing in 14 years, a strategic move primarily driven by domestic economic pressures and looming U.S. trade tensions under President Donald Trump’s administration. China’s Monetary Policy Shifts in Face of Trump Tariff Storm In December 2024, China’s Politburo announced a shift to a … Read more
David Bailey, a prominent figure in the cryptocurrency community, informed his X followers that China is “holding closed door meetings” on establishing their own strategic bitcoin reserve. As Trump Champions Crypto, Bailey Reports China’s Quiet Bitcoin Reserve Efforts Bailey, CEO of Bitcoin Magazine, has been actively involved with Donald Trump’s campaign since the election, with … Read more
Chinese e-commerce giant Alibaba reported that it was ready to invest $53 billion in artificial intelligence (AI) and cloud computing initiatives in the next three years. The commitment is part of a gradual push of the company to these technologies, allowing it to increase its growth. According to Alibaba CEO Eddie Wu, AI has the … Read more
Chinese Embassy to the U.S. spokesman Liu Pengyu stated that politicizing and weaponizing trade issues is against the ethos of what the U.S. seeks to champion: fair competition and free trade between China and the U.S. China Complains the US Is Using Trade Issues as a Weapon The weaponization of trade relations by the U.S. … Read more
Binance is strengthening crypto security with Hong Kong police, enhancing collaboration to combat cybercrime and financial threats in the blockchain industry. Binance Strengthens Cybercrime Collaboration With Hong Kong Police Crypto exchange Binance revealed on Feb. 20 that CEO Richard Teng recently met with Raymond Lam Cheuk Ho, Chief Superintendent of the Cyber Security and Technology … Read more
China’s holdings of U.S. Treasuries have fallen to a 15-year low, driven by a preference for less visible accounts and a desire to reduce reliance on the U.S. financial system. Geopolitical Tensions Fuel China’s Treasury Shift The amount of U.S. Treasuries held by China has dropped to its lowest level since 2009. The decline is … Read more
