Circulating reports suggesting local governments in China recently sold over $1 billion in Bitcoin might be misrepresenting facts. Recent rumors across crypto media have stirred fears that Chinese ...

He then explained that the term "local" in China carries multiple meanings. First, in relation to governance, "local" refers to a government multiple levels below the central government ...

Local government bonds make up 28% of China’s bond market but account for less than 1% of foreign holdings due to liquidity ...

A local government official provided an example ... Perhaps the only real solution to China’s corruption problem is introducing oversight from society as a whole. However, such a reform would ...

The country poured billions into AI infrastructure, but the data center gold rush is unraveling as speculative investments ...

At the national Two Sessions meetings on 5-11 March, China announced plans to stimulate the economy, end local protectionism, and develop the AI sector. The government kept the same 5 per cent GDP ...

To rescue china’s lacklustre economy, the ruling Communist Party is trying to revive the animal spirits of entrepreneurs and rehabilitate the profit motive. Xi Jinping, China’s leader, has ...

a researcher with Beijing-based China Enterprise Institute think tank, said private SMEs are at a loss in the face of huge local government debts.