China

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park
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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...
China’s digital yuan used for crude oil deal: report
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3 November, 2023

China’s digital yuan used for crude oil deal: report

China's digital yuan makes its mark in a landmark crude oil transaction, underscoring its growing significance in cross-border trade and...
Chinese banks partner with foreign counterparts to boost CBDC adoption
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26 October, 2023

Chinese banks partner with foreign counterparts to boost CBDC adoption

Chinese banks form global digital currency partnerships to boost CBDC adoption amid regulatory challenges and international economic concerns.
Baidu Ernie 4.0 AI chatbot ‘stands at par’ with ChatGPT-4, CEO says
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22 October, 2023

Baidu Ernie 4.0 AI chatbot ‘stands at par’ with ChatGPT-4, CEO says

Baidu CEO Robin Li introduced ERNIE 4.0, the latest version of the company's chatbot with outstanding functionalities in understanding, generation,...
China integrates new blockchain consensus protocol into mBridge cross-border CBDC project
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21 October, 2023

China integrates new blockchain consensus protocol into mBridge cross-border CBDC project

mBridge previously relied on a customized network developed by four central banks, but it’s now deployed on the Dashing Protocol...
US tightens AI chip export restrictions to China
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20 October, 2023

US tightens AI chip export restrictions to China

The Biden administration has announced new rules that will choke off China from Nvidia’s made-for-China A800 and H800 chips as...
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