China is already on the verge of becoming a cashless society, but the vast majority of those electronic transactions happen on privately owned apps, outside of the immediate purview of the state. An official yuan would change that, giving Beijing an unprecedented amount of information about what people are spending […]
Beijing
Beijing Stock Exchange: President Xi Jinping’s pet stock market is here
The bourse was first announced by the Chinese Communist Party leader in September, and is intended to help small and medium-sized enterprises raise capital. The first batch of 81 firms started trading on Monday, including 10 initial public offerings from companies in tech and manufacturing. Shares in those IPOs surged […]
Apple Daily: Hong Kong’s biggest pro-democracy newspaper to close as Beijing tightens its grip
The news sent a deep chill through Hong Kong’s media industry and undermined government claims the new legislation would not diminish press freedom. “But it still came as a shock when it happened,” said one journalist at the publication, who asked to remain anonymous out of security fears. Since the […]
The US and its G7 allies are confronting China. How worried should Beijing be?
United States President Joe Biden’s plan to unite Washington’s closest allies and take on China just scored a big political win. But it’s going to take a lot more than words to curb the advance of the world’s second largest economy. The US joined the United Kingdom, Germany, France, Italy […]
Canada’s Olympic, Paralympic leaders dismiss idea of skipping Beijing 2022
© Jean-Christophe Bott/Keystone via The Associated Press Protesters hold Tibetan flags during a protest against the Beijing 2022 Winter Olympics in front of the International Olympic Committee headquarters in Lausanne, Switzerland on Wednesday. With the next Winter Games in Beijing a year away, Canada’s Olympic and Paralympic leaders are dismissing the […]