Why Does China Ban Bitcoin Exchanges ?

The People’s Bank of China (PBOC) announced in early September that virtual currencies such as Bitcoin were suspected of supporting criminal activities such as illegal fund-raising, financial fraud and pyramid schemes, and implemented an immediate halt to their use. In response, the three biggest Bitcoin exchange platforms in China, BTC China, Huobi.com and OKCoin, have announced that they will stop all trading by the end of September.

Sep 25, 2017

Alibaba’s 18th Birthday: Is Jack Ma an Idealist or a Braggart?

On Sept. 8, China’s e-commerce giant Alibaba Group celebrated its 18th anniversary in Hangzhou, capital of east China’s Zhejiang Province.
Around 40,000 Alibaba employees from dozens of countries and regions attended the party. Employees and executives enjoyed the event together. Jack Ma, Chairman of Alibaba, even performed a classic Michael Jackson dance together with some of the other business partners.

Sep 15, 2017

Key to Peninsula: Sanction and Dialogue

The sixth nuclear test conducted by the Democratic People’s Republic of Korea (DPRK) took place several days ago. Strong repercussions across the international community are still on the rise.
On Sept. 3, the DPRK Sunday detonated a hydrogen bomb that could be carried by an intercontinental ballistic missile (ICBM).
The test, which has been widely denounced, has further aggravated the sensitive and complicated confrontation on the Korean Peninsula.

Sep 13, 2017

What are They Interested In?

The leaders of Brazil, Russia, India, China and South Africa met in China coast city Xiamen early September.
The summit of the BRICS nations brings together five major new emerging economies, who are seeking a greater say in world affairs.
A number of overseas media, including many from non-BRICS countries, also keeps a close eye on the latest reports from the summit.
So, what aspects are they focusing on?

Sep 8, 2017

Ambassadors on BRICS Plus

Then how do other developing countries make of the proposal? What opportunities does the BRICS Plus promise to them? To get some insight about these, China Today interviewed ambassadors of Iran, Georgia, Nepal, and South Sudan to China as well as two diplomats from Argentina and the Hashemite Kingdom of Jordan.

Sep 4, 2017