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Digital yuan may prove Hong Kong dollar cousin

The stronger the interest in China’s coming digital currency, the less we seem to know about it. Sifting through comments by officials thought to be the brains behind the project, Capital Economics’ chief Asia economist Mark Williams has raised an interesting question: What if the e-CNY, as some are beginning to call the new electronic cash, is not at all ...

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The ECB has far worse troubles than inflation

Break out the ticker tape — it’s happened at last. It took an unprecedented pandemic stimulus package to do it, but euro-area inflation has reached the European Central Bank’s (ECB) eternally out of reach 2% target. What should the ECB do next? Precisely nothing. The recovery from the pandemic has triggered surging inflation across the world but it’s partly a ...

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China’s trade boom continues to surge on high global demand

Bloomberg China’s exports continued to surge in May, although at a slower pace than the previous month, fuelled by strong global demand as more economies around the world opened up. Imports soared, boosted by rising commodity prices. Exports grew almost 28% in dollar terms in May from a year earlier, the customs administration said on Monday, weaker than forecast and ...

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