Etiket: China

China has started using the digital currency in pilot programs

China has started using the digital currency in pilot programs

NEWS, economi
China has started using the digital currency in pilot programs It has been reported that the newly developed digital currency of the Bank of China has started to be used in money transfers within the scope of pilot programs. According to the report in the newspaper South China Morning Post, in his speech at the SIBOS Conference of the World Interbank Financial Telecommunications Union, 3 million yuan worth 1.1 billion yuan ($ 162 million) with digital currency in the last year He stated that 130 thousand money transfers were made. Fan stated that the new digital currency is being tested in big cities such as Shiongan and Şıncın, and a pilot program is planned to be carried out during the 2022 Beijing Winter Olympics. Stating that the digital currency is used by 113,300 personal and 8...
Global markets start positively with Chinese inflation data

Global markets start positively with Chinese inflation data

NEWS
Global markets started the day upwards under the leadership of Asian exchanges. Inflation data, which is better than expected in China, is effective in the optimistic atmosphere in Asia. In the US futures, a horizontal trend prevails Global markets started the day upwards under the leadership of Asian exchanges. Inflation data, which is better than expected in China, is effective in the optimistic atmosphere in Asia. Following the Asia-Pacific stock exchanges outside of Japan, the MSCI index rose 0.6 percent to the peak of 20 weeks. The uninterrupted rise in Chinese stock markets continued. Japan's Nikkei index also rose 0.9 percent. After the stock markets closed yesterday with rising yesterday, horizontal movements in the US futures stand out. The eyes are on the upcoming balance she...
US-China clash in chip technology

US-China clash in chip technology

Uncategorized
While US President Donald Trump is using his country's strong position in chip technology against China, he knows very well that China is dependent on the USA in this strategically important area. Trying to further strengthen its position in chip technology, the US is preparing to provide $ 22.8 billion to the chip industry. In the USA, the draft law on the aid, which members of the two parties agreed, was presented to Congress on 11 June. The cost of setting up a chip factory is over $ 10 billion At a time when there was a strategic struggle with China in the field of technology, the bill aimed to increase the number of chip factories in the USA attracted attention. While the cost of setting up a chip factory exceeds $ 10 billion, most of the cost is expensive and high-tech producti...