Tag: China
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China’s Cross-Border Digital RMB Payment System Challenges Dollar Dominance
On March 17, 2025, the People’s Bank of China unveiled a pivotal shift in global finance: the digital RMB cross-border settlement system is now fully connected to the ten ASEAN nations and six Middle Eastern countries. This move instantly expands digital yuan interoperability to cover nearly 38% of global trade, enabling participants to bypass the…
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Mark Carney: The Green Hypocrite in the Prime Minister’s Office of Canada
Mark Carney, once hailed as a forward-thinking central banker and climate champion, now occupies Canada’s highest office — Prime Minister. But behind the carefully curated image of fiscal prudence and environmental advocacy lies a troubling track record riddled with hypocrisy, conflict of interest, and dangerous coziness with authoritarian power. Carney’s past, particularly his tenure at…
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Macau’s First Unified Tax Code: Who Benefits from the New Framework?
Macau has long been regarded as a tax-friendly jurisdiction, unofficially earning a reputation as a tax haven due to its low tax rates on personal and corporate income. With a business-friendly regulatory environment and an economy fueled by gaming, tourism, and investment, Macau attracted entrepreneurs, high-net-worth individuals (HNWIs), and offshore businesses looking to optimize tax…
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Chinese New Year 2025: The Year of the Wood Snake and Global Celebrations
The world is gearing up for a grand celebration of Chinese New Year 2025, marking the transition into the Year of the Wood Snake. This year, the Lunar New Year begins on January 29, 2025, with festivities stretching over 15 days, culminating in the spectacular Lantern Festival. As one of the most significant cultural celebrations…
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Broken Arrow: A Nation on Edge
The calendar turned to 2025, but the shadows of uncertainty linger. The Broken Arrow White Paper, released January 9, 2025, pulls no punches. It warns of the unthinkable: a refurbished Soviet-era nuclear device, poised and ready within U.S. borders. The document, a grim synthesis of HUMINT, OSINT, and SIGINT intelligence, paints a stark picture of…
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America Under Siege: Lessons from Unrestricted Warfare
The book Unrestricted Warfare is no bedtime story. Written by two Chinese Air Force senior colonels, Qiao Liang and Wang Xiangsui, it lays bare a chilling blueprint for modern conflict. Its pages are a manifesto for a new kind of warfare, one that bypasses battlefields and tanks, targeting instead the fragile underpinnings of a technologically…
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China’s Stimulus Package Fails to Deliver, Sends Hong Kong Markets Plummeting
The much-anticipated economic stimulus measures from China have failed to deliver the concrete action investors were hoping for, causing Hong Kong’s stock market to have its worst single-day performance since the global financial crisis of October 2008. Major indices experienced double-digit percentage losses, reflecting deep disappointment in the market after the highly anticipated press conference…
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Which Countries Are Stashing The Most Wealth Offshore?
Individuals and corporations send money abroad for various reasons, including seeking better investment opportunities, minimizing tax burdens, and protecting their wealth in low-tax or no-tax jurisdictions. This graphic, via Visual Capitalist’s Bruno Venditti, shows the top 10 countries that owned the most offshore financial wealth in 2022, according to data from the Atlas of the Offshore World. Chinese Hold Over…
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Beijing’s Bazooka Sparks Surge in Stocks, Gold, & Crypto Ahead of PCE
In a striking turn of events, Beijing has deployed what many analysts are calling a “bazooka” to spur economic growth and boost investor confidence, setting off a surge across global markets. Stocks, gold, and cryptocurrencies all reacted strongly, with major indices climbing, gold prices rising, and crypto markets seeing renewed interest ahead of the crucial…