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The world embarks on a new payment system to end dollarization of currency

The escalating geopolitical strife, which is being stoked by Washington's new cold war, has prompted Russia, China, Iran, and an increasing number of other countries to strive to de-dollarize, or at the very least, to diversify their foreign reserve holdings. ....

United States , Hong Kong , South Sudan , South Korea , Democratic Republic Of The Congo , United Arab Emirates , Central African Republic , North Korea , North Korean , South Korean , Fidel Castro , Joe Biden , Kim Jong , European Union , Moscow Exchange , Central Asian , Democratic Republic , Prime Minister , Iranian Islamic , Korean War , Soviet Union , South Korean President Moon Jae In , Kim Jong Un , Panmunjom Declaration , Us Sanctions , De Dollarization ,

Dollar & rise of the Petro-Yuan

This episode looks at to what degree would the US economy suffer if Saudi Arabia would ditch the petro-dollar system and opt for a petro-yuan one. ....

Saudi Arabia , President Xi Jinping , Persian Gulf Arab , Ise Of Petro Yuan , Petro Dollar , Economic Divide ,

Ant's consumer finance unit gets nod to raise $1.5b

Chinese regulators have approved tech heavyweight Alibaba's financial arm Ant Group to raise 10.5 billion yuan ($1.5 billion) for its consumer finance unit, marking a significant step forward for the revamp of the financial technology company's lucrative consumer loan business. ....

Hong Kong , Wang Pengbo , Botong Analysys , Su Xiaorui , Hangzhou Finance Investment Group , Daiwa Capital Markets Hong Kong Ltd , Ant Group , Sunny Optical Technology Group Co Ltd , Ant Consumer Finance Co Ltd , Transfar Zhilian Co Ltd , Nanyang Commercial Bank , Office Of The China Banking , Insurance Regulatory Commission , Chongqing Office , China Banking , Central Economic Work Conference ,

Blossoming exchanges help data proliferate

Thriving data exchanges across China, including the Shanghai Data Exchange which began official operations recently have demonstrated market entities' rising interest in data trading amid the country's efforts to build an ecosystem for this burgeoning trading activity, said experts. ....

Huang Lihua , Tang Qifeng , Shenzhen Data Exchange , China Data Exchange , Shanghai Data Exchange , Fudan University School Of Management , Council On Dec , Manager Tang , Fudan University , Western China Data Exchange , State Council ,

Chinese exporters see win-win deals as RCEP takes effect in Indonesia

The Regional Comprehensive Economic Partnership, or RCEP, agreement took effect in Indonesia on Monday, further deepening regional cooperation between China and ASEAN countries. ....

New Zealand , South Korea , Huang Xinzhen , Zulkifli Hasan , Sun Zhijun , Li Yonghong , Yang Liteng , Qingdao Sanmu Aquatic Products Co Ltd , Jiaxing Xinan Packing Materials Co , Regional Comprehensive Economic Partnership , Yantai Port , Southeast Asian , Indonesian Trade Minister Zulkifli , Trade Agreement , Yiwu Zhihong Import , East China , Southeast Asia , Hangzhou Customs , Qingdao Customs , Free Trade Area Related , Guangzhou Customs ,