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“#Lawmakers urge NBA stars not to sign with Chinese brands” A US congressional commission is urging US basketball players to terminate endorsement deals with three Chinese companies they warn continue to source cotton from the Xinjiang region — where forced labor and concentration camps are understood as commonplace. The Congressional-Executive Commission on China, a bipartisan…
“# China to hand out $6.2M in new digital yuan trial in Beijing ” The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials, this time in the capital of Beijing. The Beijing Local Financial Supervision and Administration officially announced Tuesday that the government will distribute 40 million digital…
“# Nasdaq listed Bitcoin miners urge China to open doors to green mining ” The CEO of Nasdaq-listed Canaan Inc, a China-based firm that specializes in Bitcoin (BTC) mining equipment, argued that China’s Bitcoin mining ban should make allowances for green-energy users during a conference call on Tuesday. Zhang Nangeng said that an indiscriminate ban…
“#NIH head dismissed Wuhan lab leak theory as ‘conspiracy’, email shows” The theory that the coronavirus leaked from a lab in Wuhan, China was dismissed as a “conspiracy” by National Institutes of Health Director Dr. Francis Collins in April of last year, newly released emails show. The email from Collins to current White House chief…
“#China’s US apologists: Goodwin” Don’t mess with China, or you’ll meet your Waterloo and also break your four Achilles’ heels. That’s the garbled, kitchen-sink warning China is throwing at President Biden after his order for intelligence agencies to probe whether the coronavirus leaked from a Chinese lab instead of being transmitted from bats to humans. …
“#Western defenders of China’s one-child policy had no excuse” It isn’t surprising that the Chinese Communist Party, which this week further loosened its legal limits on reproduction, still doesn’t admit that the “one-child” policy that Deng Xiaoping imposed four decades ago was a grievous error, tyrannical in theory and brutally oppressive in practice. But the…
“#White House reporter calls out people denying COVID origins theory” A White House reporter is calling out the mainstream media for downplaying — and often flatly rejecting the possibility that the novel coronavirus originated from a leak in a Chinese lab. “I think a lot of people have egg on their face. This was an…
“#China easing birth limits further to cope with aging society” China’s ruling Communist Party announced Monday that it is easing its two-child per limit birth control policy, allowing coupes a third — in hopes of slowing the rapid aging of its population that is straining the economy. A ruling party meeting led by President Xi…
“# Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive ” China’s digital yuan will utilize smart contracts, and will be built to counter Alipay-like payment platforms designed by the privately owned conglomerates, former People’s Bank of China director Yao Qian said. Speaking at the International Finance Forum in Beijing, Qian argued that…
“# Chinese traders turn to OTC desks amid regulatory crackdown ” As Beijing attempts to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using over-the-counter, or OTC trading desks. According to a May 31 report published by Bloomberg, there has been a significant uptick in OTC platform usage since China…