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“#Focus on ‘preparing for war’” Chinese President Xi Jinping told troops to focus their “minds and energy on preparing for war” during a visit to a military base, according to a report on Wednesday. Xi inspected a People Liberation Army Marine Corps base in Chaozhou on Tuesday and called on the forces to “maintain a…
“# Starbucks and McDonald’s reportedly not testing China’s digital yuan ” American fast-food giants like Starbucks and McDonald’s are reportedly not participating in China’s ongoing digital yuan tests. According to an Oct. 14 report by news agency Sina Finance, China’s central bank digital currency, or CBDC, is still being piloted on a “small scale,” primarily…
“#Chinese city to test 9 million after COVID-19 cluster detected” The Chinese port city of Qingdao will launch COVID-19 testing for its entire population of 9 million over the next five days — after a dozen locally transmitted cases were reported there, according to a new report. As of Sunday, Qingdao reported 12 locally transmitted…
“# Japan must amend central bank laws to issue digital yen, says official ” Japan needs to adapt its laws to issue a central bank digital currency, according to a local financial official. Kozo Yamamoto, head of the Liberal Democratic Party’s council on financial affairs and a former official at the Ministry of Finance, believes…
“#NYC’s double standard and other commentary” From the right: NYC’s Double Standard “Haredim, as ultra-Orthodox Jews are called, translates to ‘those who tremble.’ But as New York’s leaders are learning, the Haredim tremble before God — not politicians,” notes The Wall Street Journal editorial board. They’ve been “protesting in the streets and courts against new harsh…
“# Senior Japanese official fears China being ‘first-mover’ in digital currency ” Japanese banking officials continue to voice concern over China’s progress in the development of its central bank digital currency. Kenji Okamura, vice-finance minister for Japan’s international affairs, warned the global community of the potential risks of China’s digital yuan, Reuters reported Oct. 9….
“#How a Chilean raspberry scam dodged food safety controls from China to Canada” SANTIAGO – In January 2017, Chilean Customs inspectors acted on a tip from a whistleblower: The country’s prized crop of raspberries was under threat. Inspectors raided the offices of Frutti di Bosco, a little-known fruit trading company on the second floor of…
“#Terrifying, seat belt-less ‘flying kisses’ attraction unveiled in China” Blow a kiss and hang on tight. A new, terrifying tourist attraction in southwestern China clearly prioritizes offering a good time over ensuring safety. Called Blowing Flying Kisses, the ride is positioned over a 3,000-foot-tall cliff in the Chongqing municipality. Two enormous statues hold observation decks…
“#Hong Kongers stand up for freedom on Chinese Communists’ ‘National Day’” Every year, the Chinese Communist Party celebrates National Day, the anniversary of its takeover of China. It’s become an occasion for protest in Hong Kong — and freedom-lovers didn’t let 2020 stop them Thursday. Though Beijing has imposed a “national security” law that criminalizes…
“#Kim Jong Un, Xi Jinping send best wishes to Trump” Chinese President Xi Jinping offered his well-wishes to President Trump and First Lady Melania Trump after they were diagnosed with COVID-19 on Friday. Xi sent a message to Trump wishing for a speedy recovery, Chinese state media and Reuters reported. The president spent the night…