15 h. ago Europe’s summer from hell, China’s stablecoin dilemma: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws If Brussels’ bureaucrats returning from their long summer breaks this week were wondering what they missed, the local press had them covered. Unbecoming scenes at June’s Nato summit, the “hopelessly one-sided” trade deal with the United States in July, as well as Chinese President...

Politics

15 h. ago Europe’s summer from hell, the future of air combat: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Europe’s summer from hell bleeds into autumn as Trump and Xi turn the screws If Brussels’ bureaucrats returning from their long summer breaks this week were wondering what they missed, the local press had them covered. Unbecoming scenes at June’s Nato summit, the “hopelessly one-sided” trade deal with the United States in July, as well as Chinese President...

Politics

31 h. ago China’s stablecoin bind: why US dollar tokens matter – and how Beijing may respond

Once a niche corner of the cryptocurrency world, stablecoins have surged into the global spotlight this year, prompting analysts and industry insiders to declare that the digital asset’s time has come. In July, US President Donald Trump signed the GENIUS Act into law, establishing the first federal regulatory regime for stablecoins – a move many believe could pave the way for mass-market adoption. Shortly after, Hong Kong introduced its own ordinance, which took effect on August 1, requiring...

Politics

31 h. ago ‘Summer of stablecoins’: how will China respond to US dollar’s crypto surge?

Once a niche corner of the cryptocurrency world, stablecoins have surged into the global spotlight this year, prompting analysts and industry insiders to declare that the digital asset’s time has come. In July, US President Donald Trump signed the GENIUS Act into law, establishing the first federal regulatory regime for stablecoins – a move many believe could pave the way for mass-market adoption. Shortly after, Hong Kong introduced its own ordinance, which took effect on August 1, requiring...

Politics

3 d. ago Google avoids forced Chrome sale but must share search data with competitors

A judge ruled largely in favour of Alphabet’s Google on Tuesday, rejecting US prosecutors’ bid to make the company sell off its popular Chrome browser and Android operating system but compelling the tech giant to share data with competitors to open up competition in online search. Alphabet shares were up nearly 6.7 per cent in extended trading on Tuesday as investors cheered the judge’s ruling. While sharing data with competitors will strengthen Google’s rivals to its market-dominating...

Politics

9 d. ago Former China central bank chief challenges need for stablecoin adoption

Former China central bank chief challenges need for stablecoin adoption  The Block

Politics

9 d. ago Why have stablecoins triggered caution from former China central bank governor?

Former Chinese central bank governor Zhou Xiaochuan has urged a more measured tone amid a global surge of interest in stablecoins, calling for a “multidimensional assessment” of their genuine utility and the systemic risks they may pose. The United States and Hong Kong are rolling out regulatory frameworks for the asset, and speculation has been growing about the likelihood of Beijing following suit by introducing yuan-backed stablecoins in a bid to further internationalise its currency. “We...

Politics

9 d. ago Former PBOC Chief Zhou Pushes Back Against China Stablecoin Idea

Former PBOC Chief Zhou Pushes Back Against China Stablecoin Idea  Bloomberg.com

Politics

9 d. ago China’s infrastructure push in Tibet aims to elevate investments on world’s roof

From giant dams to sprawling railways, Beijing has pledged to step up investments along the so-called roof of the world, led by state-owned enterprises, as China marks the 60th anniversary of the Tibet autonomous region’s establishment. The State-owned Assets Supervision and Administration Commission (Sasac), China’s top state asset regulator, is calling for more targeted measures to boost industries, with more capital flowing into grass-roots projects and a greater promotion of cultural and...

Economics

2 w. ago China’s stablecoin push raises questions on dollar dominance and market trust

China’s stablecoin push raises questions on dollar dominance and market trust  Cointelegraph

Politics

2 w. ago Drone leader DJI’s latest challenger is a Chinese robot vacuum maker

Dreame Technology, a Chinese brand known for its robot vacuum cleaners, is actively recruiting drone experts in what is seen as a move to compete with DJI, the dominant player in the market, amid growing competition from innovative hardware start-ups. The company is advertising at least 10 positions – including drone navigation modelling algorithm engineer, drone test pilot, drone operations sales director and business director for the pan-aviation industry – according to job postings on the...

Politics

2 w. ago Hard to switch: why US farmers are embracing Chinese drones despite concerns

When David Bruntz, vice-president of the US Meat Export Federation, recently began looking for drones to monitor the cattle on his Nebraska ranch, he found that only one brand offered a “reasonably priced” solution: the Chinese tech giant DJI. The Shenzhen-based company already dominates the US drone market, and its products are now rapidly being adopted across the agricultural sector as the firm rolls out specialised solutions for sowing fields, spraying crops and tracking livestock. “It’s...

Events

3 w. ago China and America in a stablecoin race that could reshape global finance

China and America in a stablecoin race that could reshape global finance  Lowy Institute

Politics

4 w. ago China cracks down on stablecoin promotions, research and seminars

China cracks down on stablecoin promotions, research and seminars  Cointelegraph

Politics

4 w. ago China tells brokers to halt endorsements of stablecoin, sources say

China tells brokers to halt endorsements of stablecoin, sources say  Reuters

Politics