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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...

China Pushes Digital Yuan for Wage Payments in Changshu


Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included...

China Warns of Global Financial Instability From US Economic Policies


China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry of Foreign Affairs. China...

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