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Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.
Political events in March to trigger easing.
2022 could be a promising year in terms of tourism as borders gradually reopen and quarantine requirements become less strict. Several countries in Asia-Pacific already announced quarantine free travel for vaccinated visitors from specific points of origin.
Neeraj Singh Manhas The optics of irate investors staging sit-in protests in various offices of Evergrande, one of China’s largest real estate firms, and clashes between demonstrators and law enforcement lent credence to the view that this was a major challenge to the Chinese Communist Party. Beijing may not want to waste a good crisis. With a burden of US $300 billion liabilities, the company has become one of the most indebted entities, decimating its credit rating and share price. […]
Starts year-long proof of concept for the basics, meanwhile China is already testing cross-border crypto-payments Laura Dobberstein Tue 6 Apr 2021 // 08:15 UTC Share Copy The Bank of Japan (BoJ) has announced it will study the feasibility of a Central Bank Digital Currency (CBDC). “In [proof-of-concept] Phase 1, the Bank plans to develop a test environment for the CBDC system and conduct experiments on the basic functions that are core to CBDC as a payment instrument such as issuance, distribution, and redemption,” said a Monday announcement, that added this phase ...