Except for Energy Issue, What’s behind China’s Crackdown on Bitcoin?

The Price Tumble Bitcoin’s ripple price plunge from December, 2017 records comes amid a series of negative reports for the cryptocurrency world. Global bank groups and financial institutions successively declared to ban on credit-card...

China Strives for More Pricing Power Over Oil

China launched last Monday trading of the yuan-priced crude oil futures contracts at the Shanghai International Energy Exchange (INE), taking its first steps towards paying for imported crude oil in yuan instead of the US...

China on the Blockchain: World’s First All-Blockchain Commodity Trade Completed Here

Chinese petrochemical company Sinochem Energy Technology Co. Ltd., the subsidiary of Sinochem Corporation has successfully completed world’s first all-blockchain commodity trade in 2018. The shipment of gasoline export departure from Quanzhou to Singapore marks the...

China’s E-Commerce Could Help Africa Industrialize

The 10th BRICS summit wrapped up in Johannesburg on July 27, and the Forum on China-Africa Cooperation is scheduled to be held in Sept. in Beijing, which will bring together over 50 government heads...

China and EU to Be Closer on Cyberspace Security

The fifth annual conference of the Taihu World Cultural Forum was held during Oct.17- 19 in Beijing, and Chinese President Xi Jinping sent his congratulatory letter. The forum attracted attendees from different walks of life,...

Business Opportunities from Consumption Upgrade in China

Over the past few years, there has been a growing tendency of Chinese people buying overseas consumer goods directly through cross-border online shopping rather than from the domestic physical stores or shopping sites, since...

Italian Footwear and Food Businesses Sharpen Focus on Exports to China

From footwear to high-end chocolate, Italian small-and-medium enterprises (SMEs)are betting on China as signs of a decline in exports and a slowdown in growth. SMEs in Italy are the backbone of the country’s industrial and...

China’s Payment Apps, the Nightmares of U.S. Bankers

Many Americans traveling to China will find something unusual: in restaurants, shops and markets, when they are ready to pay, people will take out mobile phones instead of credit cards. Nowadays, the Chinese people...

China Facilitates Self-supporting Alternatives to Meet Domestic Energy Demand

President Xi’s cabinet has released a package of policies for a green home and sustainable development, including three-year and five-year action plans on cutting industrial overcapacity and alleviating environment pollution by phasing out coal...

China is Surpassing the U.S. in the Global 5G Competition

Communication technology development is the key part of President Xi's ‘Made in China’ 2025 Plan, which has made the country a leader in a range of industries. According to a report by accounting firm...

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EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...