The authorities of Hong Kong, China, presented the prototype of what will be its digital currency issued by the central bank (CBDC).
This project is called "Project Aurum", which includes a two-tier platform with a wholesale interbank and a retail electronic wallet system, according to part of the…
Read More...
Browsing Tag
China
China postponed publication of its GDP
The National Statistics Office of China confirmed that it postponed the publication of the figures of the Gross Domestic Product (GDP) of the Asian giant corresponding to the third quarter of the year, scheduled for this Tuesday, coinciding…
China reserves fell in September 2022
It is estimated that China's reserves had a decrease of 0.85% in the period September 2021 and September 2022, standing at 3,092 billion dollars as reported by the State Administration of Foreign Exchange (SAFE).
The reduction, compared to…
TikTok added “dislike” button for comments
TikTok introduced in the social network the button that allows you to indicate "I do not like", which is now available globally in order to relegate comments that users consider irrelevant or inappropriate.
The new button began its…
China will take its digital asset pilot to other provinces
The People's Bank of China recently announced that it will expand the digital currency pilot program to four other provinces in the Asian nation.
Information published by local media indicated that the deputy governor of the financial…
China unveils first hypersonic military drone
China's newly unveiled first hypersonic military drone, the WZ-8, was actually created in 2019, following Russia's deployment of hypersonic weapons innovations at the time.
WZ-8 is a drone capable of reaching maximum speeds between Mach 6…
Huawei exceeds $ 44,000 million revenues in the first half of 2022
The semi-annual report issued by the technological giant Huawei reflects revenues of more than 44,000 million dollars between January and June 2022, with which the company accumulates a net profit of 5 %.
The Chinese firm specializes in…
China launches the first research module of its Tiangong station into space
The rocket carrying the module, a Long March-5B Y3, successfully departed from the Wenchang base, in Hainan province, in the south of the country, at 2:22 p.m. (local time, 08:22 p.m.), time in Spain.
Wentian will semi-automatically dock…
China will boost the metaverse to recover its economy
The Chinese government will invest 1.5 billion yuan in the creation of a financial and commercial center that will aim to promote the metaverse and other technologies, with the purpose of reactivating the economy heavily impacted by the…
China’s GDP contracted in the second quarter of the year
China's Gross Domestic Product (GDP) registered a contraction of 2.6 % in the second quarter of the year compared to the previous three months, when it had grown by 1.4 %, as a result of the impact of the restrictions to contain the spread…
China predicts a sharp drop in Bitcoin
The Chinese government, taking advantage of the situation that Bitcoin is going through, warned that the cryptocurrency could be heading to cost zero dollars.
The region's national news agency, the Economic Daily, sent a warning about the…
Musk assures that there are still “issues” to finalize the purchase of Twitter
The CEO of Tesla, Elon Musk, recently assured that there are still "unresolved issues" to be able to finalize the purchase of the Twitter social network.
Through a videoconference, Musk from Doha indicated that it is currently pending to…