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China's Digital Yuan not aimed at challenging US dollar, says former People's Bank governor • The Register

Chinas Digital Yuan not aimed at challenging US dollar, says former People’s Bank governor It’s all about domestic efficiency, and if that helps China to become a bigger player then so be it Share Copy A former governor of the Peoples Bank of China has given a speech in which he suggested that Chinas Digital Yuan is not intended to increase Chinas influence over global financial systems. Zhou Xiaochuan, who served as the Bank’s governor between 2002 and 2018, spoke on Saturday at ...
Zhou Xiaochuan Zichen Wang People Bank Global Finance Forum Digital Yuan மக்கள் வங்கி

China requires 'self-correction' of monopolistic behaviour by 34 local web giants • The Register

SAMR will follow up with inspections and any companies it finds still using anti-competitive practices “will all be severely punished in accordance with the law.” Chinese journalist Zichen Wang, who writes an English-language blog that interprets Chinese policy, wrote that SAMR wants to stamp out the following activities: “Er xuan yi,” literally, “choose one out of two,” meaning punishing merchants from selling on rival platforms; Abuse dominant position in the market; Buying out le...
Ding Dong Sina Weibo Zichen Wang Hema Xiansheng China Central Cyberspace Administration Administration Of Taxation

China outlines plan to boost economy with AI, a cloud OS it controls – and bringing in skilled foreigners

Other fun bits: An asteroid patrol, brain:computer fusion, DNA storage, enhanced privacy laws Share Copy China has put quantum communications networks and a brain:machine interface on its to-do list in plans unveiled at its annual "Two Sessions" parliamentary sittings. The centerpiece of the Two Sessions, which sees 5,000 of the nations political elite gather for meetings of the National Peoples Congress (NPC) and top political advisory body the National Committee of the Chinese Peoples...
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