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

The Rickshaw Report: Xi speaks at World Conference on Women

The Rickshaw Report:Women’s Rights 1. Last Sunday, Xi Jinping co-hosted a summit at the UN headquarters in NY in order to promote women’s rights. China’s first lady, Peng Liyuan, also gave a speech at the event, calling for better education in order to improve the livelihoods of women. Do you think China serves as a fitting role model to other nations on this topic? Countries all over the world should respect women, and encourage girls to have better access to education. Xi has done a very good job. I heard that he has pledged, on behalf of China, to donate 10 billion Yuan to UN Women (Editor: the figure is actually 10 million US Dollars). I think China is the first country to do this, so this may encourage other countries to give financial aid as well to UN Women, and also lead the other nations to pay more attention to women’s rights ( Editor: In fact, several other countries have alsob donated to UN Women. Switzerland’s donation to the institution has actually exceeded China’s contribution.) 2. What can China teach other countries on this issue? Gender inequality is prevalent is several countries across the globe. China is setting a good example to such nations. At the summit, Xi highlighted China’s efforts to strengthen gender equality…but I cannot remember the […]

Dec 30, 2015