Iran is busy with bombing Saudi Arabia with its proxies in Yemen
In the past days Saudi Arabia has been hammered left and right. It smells of US pressure tactics on SA
Miscellaneous News
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In the past days Saudi Arabia has been hammered left and right. It smells of US pressure tactics on SA
Pretty sneaky for the Turks to use this opportunity to attack Karabakh. The Armenian diaspora are pretty strong in America so I wonder how they feel about a NATO ally attacking a Russian one.
Unfortunately for the Armenians, Karabakh is going to have to wait until Ukraine is sorted. Unless the Turks are planning another genocide.
Nah, the Yemen theatre not half as bad as it used to be. With the meeting between Assad and the UAE sheikh the two blocks of the middle east are moving closer together.
If America wanted to put proxy pressure on the Saudis, they wouldn't be using Houthis. They'd use Al Qaeda or ISIS.
Oil installations going up in flames hurts America far more than the Saudis. Its funny how no one ever dies in those attacks. Saudis get to announce cuts in oil production which leads to a rise in oil prices.
@Abominable And a great move by MBS, killing two birds with one stone, by accepting Assad back any offensive move by the Collective West will be deem as an attack to fellow Muslim.
China’s central bank on hiring spree to expand e-CNY digital currency trial
- The People’s Bank of China said it would expand the scope of use of China’s digital fiat currency this year
The Digital Currency Research Institute is offering monthly salaries as high as 120,000 yuan (US$18,800) to recruit engineers and developers
The Digital Currency Research Institute is offering monthly salaries as high as 120,000 yuan (US$18,800) to recruit engineers and developers
A staff member demonstrates how to buy coffee with e-CNY at a cafe at the National Fintech Demonstration Centre in Beijing last month. Photo: Simon Song
China’s central bank said it would expand the scope of its digital yuan trial this year, as it rushed to fill hundreds of engineer and product developer positions to accelerate the initiative.
The People’s Bank of China said on Thursday that this year it would “solidly push ahead” with the research and development of e-CNY, and “orderly expand” the scope of use for China’s digital fiat currency, following two years of trials in several Chinese cities, including Beijing, Shenzhen and Suzhou, as well as venues of this year’s Beijing Winter Olympics.
While the user numbers, usage frequency and total turnover of e-CNY still lags Alipay and WeChat Pay, the two dominant cashless payment services in China owned by Ant Group and Tencent Holdings respectively, digital yuan is quickly emerging as an alternative choice for Chinese consumers. Ant Group is an affiliate of Alibaba Group Holding, owner of the South China Morning Post.
The central bank said e-CNY reached 261 million users by the end of last year, nearly back in October.
To support the expansion of the e-CNY project, the Digital Currency Research Institute – the central bank unit responsible for developing and promoting the digital yuan – has kicked off a hiring spree.
On Boss Zhipin, a Chinese online recruitment platform, the institute currently lists 205 vacancies, including for Beijing-based Android engineers with a monthly salary of up to 70,000 yuan (US$11,000), cloud platform engineers in the eastern city of Suzhou with a monthly salary of up to 60,000 yuan, and blockchain experts in Shenzhen with a monthly salary of up to 80,000 yuan.
Some Beijing-based positions described as “urgently in need”, including senior architecture engineers, come with a monthly salary of up to 120,000 yuan, according to the institute’s hiring advertisement on Lagou, another employment site.
The recruitment drive marks the institute’s largest-ever external hiring exercise since it was established in 2016, suggesting that the central bank is eager to step up its efforts to promote e-CNY as a way to replace banknotes and coins.
China’s exploration of a sovereign digital currency, known officially as Digital Currency Electronic Payment, is leading the world.
The US Federal Reserve has only gone as far as researching the idea of a digital dollar and publishing a research paper in January about stable coins – a type of cryptocurrency usually tied to an existing fiat currency such as the US dollar.
The Bank of Japan said on Friday it would move next month to the second phase of its experiment on the issuing of a sovereign digital currency, although it has not said whether it would actually introduce a digital yen to the public.
China became the first major economy to begin exploring its own central bank digital currency in 2014, but it has yet to provide an official timetable for a national launch.
The e-CNY app is available for download on Chinese app stores, but the use of the digital yuan is limited to designated cities where trials are taking place, including Beijing, Shenzhen, Suzhou, Xiongan, Chengdu, Shanghai, Hainan, Changsha, Xian, Qingdao and Dalian.
Hong Kong plans to soon for the use of the digital yuan for shopping and dining, making the special administration region the first offshore city to use the e-CNY outside the mainland, Eddie Yue Wai-man, CEO of the Hong Kong Monetary Authority – the city’s de facto central bank – said last month.
Non paywall source:
I personally can testify the censorship of reddit is among the worst I have ever experienced. First, you cannot say anything remotely bad about India. Second, you cannot say anything remotely good about China. Third, Russia can only be a third-world country and their nukes are nothing comparing to the nukes of the west.
Once I posted an article from the Asia Times, which is actually a western media with a relatively moderate stance. And that article got censored. I was LMAO for a whole night with 1.5 billion WTFs over that reddit page.
Of course, it would take sometime for Chinese businesses and banks to figure out the risks and workaround the economic sanctions. We should be able to see the full extent of China's economic cooperation with Russia somewhere later this year. I'm fully confident that they will find and do whatever it takes to get Russia through these tough times.
Interesting thing as well, the article pointed that India is pushing ahead with their economic cooperation with Russia, providing them a lifeline and opportunities within the Indian market. I guess India has more room to maneuver, as they have less risk working with Russia than China has because of how intertwined China's economy is with the world. Also they can piss off US more freely, because US needs their help against China in their "Indo-Pacific" strategy. but anyways, I appreciate India providing help for Russia and hope their contributions will help keep Russia stable, Jai Hind!
Just thinking out loud here, some crazy and wild ideas.
I like wild and crazy ideas. Then get yelled at, by the wife.
Anyways, it is what that Professor Martin Jacques said once, when during an interview he was asked about China's soft power.
Of course, that question by the host, was just a backhanded attempt to smear again, pointing out that China does not have soft power, apparently, and what will China do about it when it gets more powerful in the future.
How Prof Jacques replied was very revealing, because he thought Chinese soft power will be different in the future. He did not expect it to be the same as the west, and in fact he though it will obviously grow in the future.
However, that single point about how it will not be the same, implies it could be here already. Since it is different, we never notice because
1) the Americans keep boasting about their obnoxious soft power, like how President Trump would boast about everything, lol ...
2) the Chinese never speak about soft power
That expression, "all-weather friends," has been used to describe the China-Pakistan relationship for decades.
And now, as you corrected pointed out, China and Russia are "all-weather friends."
Who needs alliances when you got "all-weather friends".
Who needs Western soft power, when you got a chance to make money with the Chinese?
Why would anyone in the world who are people of colour want to do things your way with Western soft power when there is a clear alternative?
Thatcher used to say, "There is no alternative!"
People did not believe that, but they knew it was true. People of colour knew they did not believe that in their hearts, but had no choice because they were weaker. They had to accept everything Western, which included, tech, economics, ideology, and soft power.
Maybe the rise of China, is a rise of alternatives?
Now you see, and I am sure you will agree, a hardliner like me would have never thought of this, (only though of it because read your message), because I am principally interested in China.
Har har, hardy har har.
The rise of China, is good, I find it interesting.
But the rise of China, should mean should mean something different, for other people, like Pakistan and Russia, and the global south.
On that point, have to say I don't really care that much. It should be something to look at from time to time, but we so internally focus, we never think of it.
In the end, not sure any of us will care!
I'm a hardliner. What else am I gonna say?!
Double, har har, hardy har har!
