Shanghai authorities have launched a sweeping campaign against online content that portrays the property market in an overly negative or misleading light, as concerns about China’s struggling real estate sector continue to linger. The move comes at a time when two major data
IntroductionChina has inaugurated a new digital yuan operations hub in Shanghai, signaling a strategic push to expand its central bank digital currency (CBDC) into international finance. The initiative aims to facilitate cross-border payments, enhance fintech infrastructure, and promote wider adoption of the digital
IntroductionChina’s newly inaugurated digital yuan hub in Shanghai is set to facilitate $8 billion in cross-border transactions this year, reflecting the growing adoption of the central bank digital currency (CBDC) in international trade. The hub aims to streamline payment processing, enhance financial transparency,
