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Electoral changes get underway in HK
1 2021-04-01 08:25:42China Daily
Editor : Mo Hong e
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Tam Yiu-chung (4th L), one of the conveners, hands over a petition to Luo Huining (4th R), director of the Liaison Office of the Central People s Government in the Hong Kong Special Administrative Region (HKSAR), in Hong Kong, China, March 24, 2021. (Photo/Xinhua)
The Hong Kong Special Administrative Region government set electoral system improvement in motion on Wednesday and launched all-around campaigns to explain the changes to the city s legislature, as well as legal and business sectors, and the community.
These moves came a day after the Standing Committee of the National People s Congress adopted the amendments to Annex I and Annex II to Hong Kong s Basic Law that deal with the method of selection of its chief executive and the formation and voting procedures of the Legislative Council.
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Posted : 2021-03-17 10:50
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China s rapid development of its sovereign digital currency, the so-called digital yuan, is causing the United States to worry that it could fall behind in the race for financial technology innovation, analysts said.
The digital yuan is one of the most advanced central bank digital currency (CBDC) initiatives in the world, with the People s Bank of China having been conducting experiments and proceeding with tests for more than five years.
And its potential success could not only mean a superior representation of central bank money to strengthen China s domestic economy, but it could also increase international currency competition that could threaten the dominance of the US dollar, analysts added.
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