China

Chinese investors are shifting focus from cryptocurrencies to the rapidly rising stock market, driven by recent government stimulus measures. Despite a ban on crypto trading, demand for digital assets persists, evidenced by significant inflows into over-the-counter markets.

As crypto regulation discussions heat up, former Chinese Finance Ministry official Zhu Guangyao has urged the government to reconsider its strict ban on virtual assets. He acknowledged the risks of cryptocurrencies while emphasizing the need to analyse global trends and policy changes to guide China's approach.

Once formidable garden walls dividing China's biggest tech companies are slowly crumbling as Alibaba Group plans to tap on to the logistical services of JD.com.

With all Chinese stock markets hitting the daily limit, has the crypto market become inferior to the traditional stock market?

Bitcoin (BTC) has surged above the $65,000 mark in the past 24 hours, fueled by a stock market rally following encouraging U.S. labor market data and a wave of economic stimulus promises from China

But with one step forward, it seems that China has taken two steps back according to a speech given by former finance minister Lou Jiwei at the prestigious Tsinghua WuDaoKou Chief Economist Forum in Beijing.

The expanding China-Russia alliance, coupled with a perceived decline in US leadership, raises significant global stability concerns, reminiscent of Cold War tensions.

At the Tsinghua forum, Zhu Guangyao urged careful examination of cryptocurrency risks while recognising shifting U.S. policies, advocating for a proactive approach to digital economy developments.

China’s $113 billion market stabilization fund aims to restore stability to its stock markets by providing liquidity through central bank financing. The announcement has led to significant market rallies, though long-term structural challenges remain.

Beijing announced the trial of its Intercontinental ballistic missile (ICBM) into the Pacific Ocean; this was the first in four decades.