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China Forms Alliance to Fast-Track Blockchain Development

By Justin O'Connell on December 3, 2019

China’s state-backed blockchain alliances features big cryptocurrency and financial companies. One of the first name brands to join the ‘Blockchain Services Network Alliance’ (BSN) is Huobi China.

Huobi China, which is a part of global bitcoin and crypto exchange conglomerate Huobi Group, revealed its participation at the Blockchain Service Network Partner Conference.

The company’s Chinese-based operations do not include the trading of cryptocurrency. “It is not an exchange. It is a fully compliant legal entity in China doing blockchain education and blockchain solutions for large corporations, solely focused on blockchain technology, said Ciara Sun, chief of staff of Huobi Group.

Chinese Bitcoin Miners Get Reprieve from CCP

By Justin O'Connell on November 7, 2019

China’s National Development and Reform Commission (NDRC) has removed crypto mining activities as an unwanted industry from its Industrial Structure Adjustment Guidance Catalog.

China has long been a mining leader in the crypto industry. As a world leader in computer hardware generally, the country was in a unique position to take lead the way when it came to mining bitcoin and other cryptocurrencies. As in most hardware-intensive industries, the lion’s share of cryptocurrency mining hardware comes from China.

Is This The End of ‘One Country, Two Systems’ Between China & Hong Kong?

By Justin O'Connell on November 5, 2019

One Country, One System?

China could change its “one country, two systems” arrangement that has been in place since 1997. The agreement stipulates that the United States is legally bound to treat Hong Kong separately from mainland China for matters concerning trade and economic policy. With troops from the mainland at the border of Hong Kong, the protests and trade war could escalate.

A “Digital Iron Curtain” Could Lead to “Real War” Between China and the U.S.

By Justin O'Connell on June 16, 2019

Huawei, the Chinese telecommunications giant the U.S. government fears could be used by the Chinese government to spy and sabotage infrastructure, is a crucial contributor to the development of fifth-generation (5G) mobile networks worldwide. Yet, Washington’s fear led the Commerce Department to add Huawei to its “entity list” in May 2019, forbidding Huawei to buy U.S. goods without permission from the government.

Huawei, which is the world’s biggest seller of telecommunications equipment like new 5G network infrastructure and second-largest smartphone maker, is based in Shenzhen, China. It helps connectivity in some rural areas in the US.

Protests in Hong Kong, Uncertainty in Asia’s Markets

By Justin O'Connell on June 12, 2019

Tens of thousands of young people – for the most part – descended upon Hong Kong’s government headquarters on Wednesday, and police fired tear gas and rubber bullets back. The debate was over a controversial bill, allowing fugitives to be extradited to China and other jurisdictions with which Hong Kong has no rendition agreement.

China Threatens to Cut U.S. Off From Rare Earth Minerals

By Justin O'Connell on May 29, 2019

Beijing is threatening to cut Washington off from rare earth minerals, according to media reports in China’s papers that included quotes from the state planning…

Another Cold War Is Inevitable, This Time With China

By Justin O'Connell on September 26, 2018

A cold war in the 21st-century seemed unlikely… until now.

Tariffs by the United States on $200 billion worth of Chinese products and retaliatory tariffs by China on $60 billion worth of American goods went into effect on Monday.

While the United States and China are competing for global supremacy, they maintain mutual agreements to handle their complicated relationship. But, the tide might be turning…

Renowned Global Investor Predicts Fall Of US Dollar And Bets On Chinese Market

By Justin O'Connell on September 25, 2018

Jim Rogers, author of “A Bull in China: Investing Profitably in the World’s Greatest Market” and a renowned investor who co-founded the first global investment fund with George Soros in 1973, has made numerous extraordinary predictions about trade market in the past, including the fall of the US dollar.

Posts tagged as “China”