From Emperor Van Man to Xi: Light and Shadow of Chinese Gold

From Emperor Van Man to Xi: Light and Shadow of Chinese Gold

Feb 5, 2020 | Gold

China ranks first in the world in gold mining and actively imports this precious metal In the year 23 BC e. the treasury of Emperor Van Man (Western Han Dynasty) managed to accumulate more than 5 million ounces of gold, which is several times higher than the...
Blitzed With Cash: China Widens Economic Policy Tools

Blitzed With Cash: China Widens Economic Policy Tools

Dec 24, 2019 | News

The Chinese government is trying to set the economy up for a stronger start to 2020, with a multi-pronged policy push ranging from easier monetary settings to freer trade. The latest pledge came late Monday, when Premier Li Keqiang signaled that further cuts in the...
WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

Nov 14, 2019 | News

A state-owned cryptocurrency is, in itself, a contradiction in terms. The main reason why citizens want to use cryptocurrencies or gold is precisely to avoid the government or central bank monopoly of money. For a currency to be a world reserve of...
China Hopes To Launch Cryptocurrency By 11/11/19

China Hopes To Launch Cryptocurrency By 11/11/19

Aug 29, 2019 | News

China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end up in circulation in the near future. It would be introduced alongside the China’s primary currency the renminbi (also called the yuan). China will...