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 Covid-19 pandemic.
The head of the Shanghai Information…
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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…
WeChat bans crypto-related accounts
Chinese social network WeChat recently announced a ban on services related to cryptocurrencies and non-fungible tokens (NFT).
Through the updating of its policies, the Chinese platform restricted the publication of this type of content,…
Shanghai lifts coronavirus restrictions
The Chinese city of Shanghai eased anticovid restrictions after two months of home confinement. As of midnight on Wednesday, most citizens of the economic center of the city can move freely, shopping malls open again and public transport…
World exports of intermediate goods grew by 21 %
The World Trade Organization (WTO) reported that world exports of intermediate goods (IG) continued to grow in the last quarter of 2021, registering a figure of around 21 %. However, its increase was lower than those registered in previous…
China continues to test the digital yuan
The Chinese government is planning to hand out about 15 million yuan worth of CBDC to about 130,000 residents of the Shenzhen community.
These coins will be accepted in at least five thousand stores, with no minimum purchase required to be…
Venezuelan oil exports drop in April
Venezuela registered an average oil production of 420,000 barrels per day in April, some 410,000 barrels per day less than the goal established by PDVSA, which projected some 830,000 barrels per day of production for last month.
According…
Nepal ratifies the prohibition of cryptocurrencies
Nepal, a country located in South Asia, is blocking websites and applications related to the world of cryptocurrencies, in order to ratify its ban on the use of Bitcoin.
The Nepal Telecommunications Authority (NTA) issued a notice this…
China’s GDP showed a growth of 4.8 %
The Gross Domestic Product (GDP) of China registered a growth of 4.8 % in the first quarter of 2022 compared to the same period of the previous year. It represents an acceleration of eight tenths compared to the year-on-year expansion…
Evergrande suspends listings on the Hong Kong stock exchange
Evergrande, a Chinese real estate company, suspended the listing of its shares on the Hong Kong stock exchange, as well as its two subsidiaries: the real estate management company Evergrande Property Services and the electric vehicle…