By Zhang Jun - Project Syndicate | April 21, 2025
Since late 2022, Chinese policymakers have understood that falling consumer demand was becoming a major problem for the economy. But while recent stimulus measures have helped to alleviate some of the downward pressure, far more could be done to boost households' spending power.
If enacted, the Chinese CBDC Prohibition Act would prohibit money services businesses from engaging in any transaction that involves a central bank digital currency issued by China.
China’s foreign ministry said Wang will chair a United Nations Security Council meeting in New York on May 26 before traveling to Canada from May 28 to 30 for talks with Canadian Foreign Minister Anita Anand
Taiwanese officials, however, said they had received no indication that Washington planned to freeze or alter the deal.
Established in the early months of the second Trump administration and initially led by Elon Musk, DOGE set out to eliminate waste, fraud, and inefficiency in federal spending
The debate is not whether to stop changing the clocks every March and November. Most people, including members of Congress and Secretary of State Marco Rubio, despise the biannual switch. It’s which “version” of time to keep.
“I think the claims that millionaires are going to leave our state are, like, super overblown. And if—the ones that leave, like, bye,” Wilson said to applause at Seattle University.
If enacted, the Chinese CBDC Prohibition Act would prohibit money services businesses from engaging in any transaction that involves a central bank digital currency issued by China.
