China’s central bank sets yuan reference rate above 6.80 per dollar for first time since 2023

China's shift from numeric job targets to adaptive strategies highlights AI's transformative impact on employment and economic planning. The post China drops numeric urban job target for first time in 30 years as AI reshapes labor outlook appeared first on Crypto Briefing.

China's missile test underscores escalating military capabilities, prompting global calls for improved communication to prevent miscalculations. The post China’s submarine missile test sends a message to Washington, and markets should be listening appeared first on Crypto Briefing.

The RBI's massive dollar position risks destabilizing the Rupee and impacting global investor sentiment amid ongoing geopolitical tensions. The post Reserve Bank of India sits on a $107 billion dollar bet it can’t easily walk away from appeared first on Crypto Briefing.

The post PBOC sets USD/CNY reference rate at 6.7989 vs. 6.8036 previous appeared on BitcoinEthereumNews.com. On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7989 compared to the previous day’s fix of 6.8036 and 6.7931 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Unlike the Western economies, the

The post Operation First Light 2026 Hits Crypto Launderers, 5,811 Arrested appeared on BitcoinEthereumNews.com. INTERPOL coordinated arrests across 97 countries in a four-month anti-fraud operation. Authorities intercepted $293 million in fiat and crypto assets. One Thai suspect’s wallet processed over $122.5 million in romance scam proceeds. China’s Ministry of Public Security funded the operation, raising political questions. INTERPOL announced on July 9 that Operation First Light 2026, a coordinated anti-fraud campaign involving 97 countries and territories, produced 5,811 arrests and intercepted $293 million in illicit assets between January 15 and April 30. The operation targeted social engineering fraud, the family of scams that manipulates human trust rather than software vulnerabilities, along with the laundering infrastructure that moves the proceeds. Investigators identified over 142,000 victims worldwide in a four-month window, and the recovered funds cover only a small frac

INTERPOL coordinated arrests across 97 countries in a four-month anti-fraud operation. Authorities intercepted $293 million in fiat and crypto assets. One Thai suspect’s wallet processed over $122.5 million in romance scam proceeds. China’s Ministry of Public Security funded the operation, raising political questions. INTERPOL announced on July 9 that Operation First Light 2026, a coordinated [...]

China's debt refinancing plan could stabilize local economies, but persistent high debt levels and fiscal pressures may limit broader benefits. The post Chinese provinces approach milestone in debt refinancing plan appeared first on Crypto Briefing.

Nexchip's Hong Kong listing highlights China's strategic pivot to bolster its semiconductor industry amid global trade tensions and tech restrictions. The post Nexchip begins trading in Hong Kong after raising $890M in share sale appeared first on Crypto Briefing.