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Hebei, China, Issues Digital Yuan Discount Coupons


The Chinese province of Hebei is attempting to spur digital yuan adoption by issuing residents central bank digital currency (CBDC) discount coupons. The coupons, Hebei Daily News reported, will see citizens in Baoding’s Xiong’an New District enjoy subsidized discounts of up to $73. They can...

BRICS to Promote National Currencies Before Issuing Common One


The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National...

Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China


BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade....

China's Metaverse Geared Towards Work and Health – Is This the Future?


As Meta and other Western tech giants seek to create virtual worlds for consumers in the metaverse, China is taking a different approach.  The Chinese government is backing technologies that it sees as strategic and setting rules to govern what can go on in cyberspace. Rather than creating...

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