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Showing posts with the label china

BTC, ETH, XRP Tumble On Trump China Trade War Worries As Silver Hits Record

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Bitcoin (BTC), Ethereum (ETH), and XRP extended their slide Tuesday as renewed US–China tensions deepened market jitters, sending silver surging to a record high. Beijing announced sanctions on the US units of South Korean shipbuilder Hanwha Ocean and warned of further action against the maritime sector, escalating tensions between the world’s two largest economies and damping hopes of a near-term thaw. Global equities fell, and the fallout rippled through digital assets, triggering another wave of liquidations that pushed major tokens to multi-week lows. ( @realDonaldTrump – Truth Social Post ) ( Donald J. Trump – Oct 12, 2025, 12:43 PM ET ) Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help… pic.twitter.com/30ot0cICw4 — Fan Donald J. Trump 🇺🇸 TRUTH POSTS (@TruthTrumpPosts) October 1...

China To Sell Flying Taxis to BRICS Members Russia & UAE by 2027

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BRICS member China has given the nod for two flying taxis’ manufacturers, GOVY and eVTOL, to reassemble a small helicopter that can fly at an altitude of 100 to 300 meters. The founder of GOVY, Su Qingpeng, confirmed that the government granted flight authorization and the firm could manufacture by 2027. The first batch of sales of flying taxis from China will be delivered to BRICS counterparts Russia and the UAE. A company based in the United Arab Emirates has placed orders for 350 flying taxis from eVTOL. The total estimated value of the pre-orders for the 350 flying taxis is projected at $1 billion. Also Read: The Mighty BRICS Folds Under Pressure BRICS Member China To Start Flying Taxis by 2027, Plans First Batch of Sales to Russia and the UAE Source: Reuters / Benoit Tessier Qingpeng revealed that GOVY’s flying taxis can reach up to a speed of 130 kilometers per hour. The design will be a two-seater, built flying machine that will resemble a small helicopter. If GOVY in...

China Can Crash the US Dollar in Simple 3 Steps: Explains Analyst

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Leading financial analyst and gold proponent Peter Schiff explained on X how China could easily crash the US dollar now. His bold statements come after China recently dumped $23 billion worth of US Treasuries and trimmed its dollar holdings. China held $1,350 billion worth of US Treasuries in 2012 and steadily cut the holdings for over a decade. It now holds only $760 billion worth of US Treasury bonds and is diversifying its reserves with gold. Also Read: UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins Source: US Treasury Department China Could Bring the US Dollar in Just 3 Steps, Says Peter Schiff Source: iStock Veteran analyst Peter Schiff explained that the US could lose the trade wars if China just pulls three strings. He said that China needs to dump all its US Treasuries and replace its central bank reserves with gold. The move will reduce the power of the USD and bring inflation in the homeland if the White House fails to import the USD. Also Read: ...

Tesla (TSLA) Stock Falls After Pulling Orders From China

Tesla (TSLA) stock is down during Friday’s trading session after the EV maker pulled the option to purchase select Tesla vehicles in China. Tesla removed the “order” button from its China website for the Model S sedan and Model X SUV. The EV maker updated its model lineup both in China and the US on Friday due to tariffs and demand issues. This week, China raised its tariffs on US imports to 125% from 84%. The hike comes as the two appear in a tariff standoff, with the latter also raising its tariffs against China but pausing tariffs against other countries. Tesla fell 3% on Saturday after rebounding slightly on Wednesday and Thursday. Chinese customers can still purchase the vehicles from the country’s existing inventory, however, Tesla has only sold around 2,000 Model S and Model X EVs in China. Tesla is up around 5% in the past week following Wednesday’s climb amid market volatility. The majority of the US stock market, especially top options like TSLA and NVDA, wer...

White House Announces Additional 104% tariffs on China

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The White House has announced that an additional 104% tariff on China went into effect at noon on Tuesday, with collections of the tariff beginning April 9. US President Donald Trump threatened an additional tariff on China if Beijing didn’t remove its retaliatory duties on US exports. The latter brought its own 34% tariff increase on the United States in response to Trump’s tariff announcement last week. Since China has yet to lift its retaliatory tariffs, the White House has added an additional 104% tariff to Chinese imports. On Monday, Trump also said he’s currently “waiting” on a call from China to make a deal on trade and tariffs while touting that a delegation from South Korea was already headed to the U.S. to make a deal of its own. “China also wants to make a deal, badly, but they don’t know how to get it started,” Trump said in a post to Truth Social. “We are waiting for their call. It will happen!” JUST IN: White House say...

Apple (AAPL): China Lures Tech Giant as Stock Eyes $250

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There is no doubt that US stocks have struggled throughout the year so far. Despite optimism brewing, geopolitical conflicts and economic uncertainty had driven a host of sell-offs. Yet, that may be set to change for one company as Apple (AAPL) has been lured by China, with the tech stock eyeing an increase to $250. According to a recent TipRanks report, China has highlighted flourishing “business opportunities” for both Apple and Pfizer (PFE). Indeed, the country is seeking to “win back their trust” amid the growing trade war it has brewing with the United States. That market could be monumental for the iPhone developer. Source: Cryptorank Also Read: Apple, Nvidia, & Tesla Stocks: Best Time to Buy Is Now Apple Turning to China? Why It Could Be Massive for the Stock When one considers consistent dominance as a company, few demonstrate that as well as Apple. One of the most impressive technology firms in the history of the world, the company had been the first to ...

US Tariffs: China Countermeasure & Economic Stimulus Explained

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US tariffs are set to increase this week as President Donald Trump’s administration follows through on threats to impose additional 10% duties on Chinese imports. The escalation has prompted immediate reactions from Beijing, with China preparing countermeasures focused on American agricultural exports amid rising China-US trade tensions. Also Read: CBDC Debate: Digital Euro Expands While Russia Delays Digital Ruble & U.S. Holds Back How China Plans to Combat US Tariffs, Strengthen Factories & Stimulate Growth China Targets US Agriculture as Primary Retaliation Target China’s potential countermeasures against US tariffs are being closely examined by markets worldwide right now. According to a report from the Global Times, a state-backed Chinese newspaper, US agricultural and food products will likely be the primary targets of Beijing’s response. Also Read: 3 Ways Through Which Trump May End De-Dollarization Once And For All “China is studying and formulating relev...

China Strikes Back: New Tariffs on U.S. Products as Trade War Escalates

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China tariffs on U.S. products are the start of a significant escalation in trade tensions between the world’s two largest economies. In response to U.S. President Donald Trump’s 10% tariff implementation, China also announced retaliatory measures targeting key American exports, and this is increasing the intensity of the ongoing trade war escalation between the two nations. Also Read: Solana Reclaims $200: Can SOL Hit $250 This Week? China Retaliates With Tariffs On U.S. Goods As Trade Tensions Rise Source: BBC New Tariff Implementation The Ministry of Commerce just unleashed an absolute monster of a tariff package! Several U.S. exports are getting completely hammered with a massive 15% tariff on coal and LNG, while various other products are taking a savage 10% hit to the gut. We’re talking about tons of crude oil, mountains of farming equipment, and those beast-mode American cars – and get this – multiple sectors are totally freaking out before these mea...

Asia's weekly TOP10 crypto news (Sep 23 to Sep 29)

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1. The Mainland of China’s Crypto News This Week 1.1 Chainalysis Estimates: Chinese OTC Crypto Brokers Saw Quarterly Inflows Exceeding $20 Billion for Three Consecutive Quarters link According to Chainalysis, it is estimated that in the three quarters leading up to June, China’s over-the-counter cryptocurrency brokers saw quarterly inflows exceeding 20 billion dollars, marking a record high since 2021, with a total accumulation of 75.4 billion dollars over nine months. Eric Jardine, head of cybercrime research at Chainalysis, noted that given China’s regulatory landscape, which includes bans on cryptocurrency trading and mining, these services undoubtedly exist in a gray economic zone. Chainalysis also highlighted that approximately 55% of the total value received by Chinese OTC traders comes from transfers exceeding 1 million dollars, though the data currently does not allow for distinguishing whether these transfers originate from wealthy individuals or businesses trading on behalf o...

ASEAN: Malaysia Calls For Asian Monetary Fund To Derail US Dollar

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The US dollar has many foes, and it seems that the prominent ASEAN nation Malaysia has now joined the queue to echo the de-dollarization narrative. Malaysian Prime Minister Anwar Ibrahim, recently on his visit to China, floated the idea of reviving the Asian Monetary Fund to decrease the nation’s dependency on the US dollar. Also Read: New ASEAN Country Ditches The US Dollar For Trade Malaysia’s De-Dollarization Agenda Gains Momentum Source: The Online Citizen Asia It seems that Malaysia is now working tirelessly to form a robust relationship with China. The nation’s PM, Anwar Ibrahim, recently visited China, where he made comments about reviving the Asian Monetary Fund to end ASEAN nation Malaysia’s reliance on the US dollar. The move, at the same time, supports the growing expanse of the renminbi or yuan, giving it a chance to topple and rival the US dollar. The Asian Monetary Fund as a concept was first introduced in 1997, in the wake of the Asian financial cr...