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The People’s Bank of China has continued to purchase gold to add to the country’s foreign reserves, according to official data. The purchase, albeit marginal, fuels China’s 10-month streak of acquisitions, even at record prices. China Continues to Purchase Gold Even at Record Prices Countries have started to turn to gold again, given the current … Read more
India’s biggest fuel buyer just sent a message with its wallet: Indian Oil Corporation deliberately skipped U.S. crude in its latest tender and shopped elsewhere. From Houston to Das: IOC’s Tender Tells a Bigger BRICS Story In a week when it could have tapped West Texas Intermediate, Reuters reported that Indian Oil Corporation (IOC) picked … Read more
Russian President Vladimir Putin and Chinese President Xi Jinping were briefly overheard discussing life extension during a live broadcast of Beijing’s Sept. 3 military parade, when comments about biotechnology, organ transplants and the possibility of greatly extended lifespans were captured on a hot mic. In the exchange, Xi reportedly said some predict people may live … Read more
A former governor of the People’s Bank of China warned against calls for the Chinese government to allow yuan‑based stablecoins, citing potential risks to financial stability. Geopolitical Context and U.S. Stablecoin Bills The former governor of the People’s Bank of China (PBOC), Zhou Xiaochuan, has cautioned against parties urging the Chinese government to allow the … Read more
China is considering yuan-backed stablecoins as part of a new international strategy, signaling a major policy shift on digital assets. The move could reshape cross-border finance but faces hurdles from capital controls. State Council of China to Review Stablecoin Roadmap Amid Dollar Pressure China is weighing the launch of yuan-backed stablecoins in a bid to … Read more
China’s gold market showed relative price stability in July, though exchange-traded funds (ETFs) saw outflows, futures trading cooled, and first-half imports hit their lowest level since 2021, according to the World Gold Council (WGC). World Gold Council Data: H1 2025 Sees China’s Weakest Gold Imports in Four Years China’s gold market experienced relative price stability … Read more
President Donald Trump inked an executive order late Monday, granting another 90-day reprieve on steep U.S. tariffs targeting Chinese imports, a White House official told CNBC. The decision, according to CNBC’s report, landed just hours before the clock struck midnight, when the duties were set to roar back, threatening to reignite a trade clash between … Read more
According to figures from the Chinese General Administration of Customs, trade between China and Russia reached its highest point in July, despite the threat of secondary tariffs on Russian oil purchases. China is one of the largest purchasers of Russian crude. China-Russia Bilateral Trade Numbers Hit $19.14 Billion in July Bilateral trade between China and … Read more
Huajian Medical (Hong Kong: 1931), a Chinese medical diagnostics provider, has reportedly launched its “Global Enhanced Ethereum Treasury with Downward Protection Mechanism” strategy, aiming to position ETH as its core reserve asset. This initiative seeks to establish the company as a leader in the Hong Kong stock market and on a global scale in terms … Read more
A newly published report says Chinese regulators have told local brokers and think tanks to halt publishing research or holding seminars that promote stablecoins. Beijing’s Stablecoin Experiment Ends in a Hard Stop This week, accounts from the Financial Times (FT) and Bloomberg offered a layered look at Beijing’s shifting posture on the asset class. Early … Read more