The digital yuan is trialed again in Shenzhen, at ATMs and via a smart card. Crypto mining rig prices soared as Bitcoin hit the $41,000 mark.
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Posted inHeavy Hitters
Two sessions 2022: 5 Chinese tech leaders weigh in
The annual meetings of the National People’s Congress (NPC) and the advisory Chinese People’s Political Consultative Conference (CPPCC) being held this week are most important for the windows they provide into the government’s economic targets and policy priorities in the coming year. But the so-called “two sessions” meetings also enable some top private enterprise executives who are […]
Posted inWith Chinese Characteristics
Ant Group digital yuan tests, Iran’s Chinese miners: Blockheads
Ant Group employees can use the Alipay app for digital yuan transactions in select locations, including the Lujiazui district in Shanghai.
Posted inWith Chinese Characteristics
China will stop forced tech transfer: vice minister
Beijing is moving to stop forced tech transfer, but significant loopholes may remain.
Posted inWith Chinese Characteristics
Briefing: European firms say forced tech transfers rising in China
The incidence of reported transfers was as high as 30% in chemical and petroleum industries.
Posted inHeavy Hitters
China opens anti-trust investigation against Ericsson as 5G race heats up
Chinese regulators are investigating complaints against Ericsson for breaking anti-trust rules in its licensing practices for 3G and 4G technology.
Posted inWith Chinese Characteristics
China passes new cryptography law, laying ground for digital currency rollout
The newly approved law will take effect next year on Jan. 1.
Posted inHeavy Hitters
‘Tech constraints’ may slow China’s 5G rollout, says Jefferies
A recent report re-evaluates 5G timing and rollout following a critical development in December and recent signals from government bodies.
