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While the Chinese government is concerned about the uncertain impact of Facebook's blockchain-based Libra, the PBOC is preparing to roll out its own digital currency soon.
In Depth: Facebook’s Cryptocurrency Ambition
Proposed Libra currency would start with a huge platform but still face regulatory doubts and management questions

In Depth: Can China Overtake U.S. to Become World’s Top Consumer?
China’s 1.4 billion people are already top buyers of cars and smartphones, but they will have to start spending a lot more on services for the country to be No. 1

CX Daily: China’s Carbon-Reduction Plans Turn Up the Heat on Steel Capital
Arm says its latest chip architecture could be licensed to Huawei. China and U.S. exchange orbit data on each other’s Mars probes

China’s Central Bank Tests Virtual Yuan Across Borders
Under a one-day PBOC-sponsored pilot program, Hong Kong residents were allowed to use the digital currency to make payments in neighboring Shenzhen

CX Daily: China Telecom Comes Home With Mainland Listing
China issues its annual U.S. human rights report. Shanghai will provide Covid-19 vaccinations to foreign residents

PBOC Says SWIFT Venture Aims to Iron Out Cross-Border Payment Issues
Finance Gateway aims to improve the stability of domestic connections with the global financial messaging system

China’s Central Bank Digital Currency Will Offer Greatest Privacy Protection, Official Says
Lower information requirements for signing up to digital yuan can keep more data private, says PBOC’s digital currency chief

Cops Bust Fraudsters Using Cryptocurrencies to Launder Ill-Gotten Gains
The case highlights how digital money is becoming a growing problem for law enforcement and financial regulators

CX Daily: North China Bathed in Orange as Vast Sandstorm Descends
China eases visa rules for foreigners who get Chinese vaccines. Huawei and four other companies are designated as threats to U.S. national security

How China’s Digital Yuan Plans Could Bring Bitcoin’s Rally Unstuck
Central banks’ power to issue virtual money and proscribe rivals is a major risk for the crypto sector

He Yafei: Global Unity Needed to Face Unprecedented Challenges
Humanity won’t be able to overcome the difficulties posed by the confluence of traditional and nontraditional security threats like the pandemic and climate change

CX Daily: The Brutal Human Cost of Pinduoduo’s Breakneck Expansion
Hong Kong hikes the stamp duty on stock trades for the first time since 1993. China dominates the global 5G market

PBOC Joins Hong Kong and Thailand in Cross Border Digital Currency Project
The m-CBDC Bridge aims to facilitate real-time cross-border transactions

CX Daily: HNA Group’s Final Crisis
China mulls easing capital controls on citizens' offshore investments. Who will be the successor to a powerful businesswoman?

Caixin China Biz Roundup: Diving into China’s Digital Currency Ambitions
In today’s episode: what former central bank chief has to say on the nation’s plans to build its own digital currency payments system; Beijing increases rare earths output quotas to a record high, possibly easing fears of export ban; and the country's efforts to tackle chemicals and compounds in the water cycle that could potentially harm human health