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CATEGORY: china us


Apr 23, 2023 05:55

China Warns of Global Financial Instability From US Economic Policies

China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry of Foreign Affairs. China Cautions About U.S. Economic and Financial Policies Wang Wenbin, a [...]

The post China Warns of Global Financial Instability From US Economic Policies appeared first on Crypto Breaking News.

Jun 19, 2023 05:50

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy

JPMorgan’s strategists have explained that even if China overtakes the U.S. as the world’s largest economy around 2030, the U.S. dollar may remain the world’s dominant currency for the rest of the 21st century. The global investment bank cited the historical experience of when the U.S. overtook Great Britain as the world’s largest economy. JPMorgan [...]

The post JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy appeared first on Crypto Breaking News.

May 06, 2023 05:50

Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor

Professor Ashok Swain of Uppsala University’s Department of Peace and Conflict Research says Saudi Arabia joining the BRICS economic bloc “would accelerate the bilateral trading being conducted using the yuan as the trading currency.?” How Saudi Arabia Joining BRICS Could Boost Use of Chinese Yuan Ashok Swain, a professor of peace and conflict research at [...]

The post Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor appeared first on Crypto Breaking News.

Apr 04, 2023 05:50

Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official

A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as an example. “The regulation philosophy, technology, and capability must be upgraded to [...]

The post Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official appeared first on Crypto Breaking News.

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