China’s capital city will hand out about $1.5 million in a limited trial of the central bank’s digital currency, the municipal government announced over the weekend. That marks the third major test of the digital currency under development by the People’s Bank of China. The cities of Shenzhen and Suzhou held similar experiments in the last few months.
According to the Ministry of Industry and Information Technology in China, 90 companies have submitted the application for the formation of the National Integrated Circuit Standardization Technical Committee. The secretariat is planned to be established in the China Electronics Standardization Institute.
Dr Efem Ubi, Director of Research, Nigerian Institute of International Affairs, says the allegation by critics that Nigeria is gradually ceding her sovereignty to China on account of excessive borrowing is untrue.
It seems like the Chinese smartphone giant Huawei wants to cement its global presence stronger amidst a tussle with the US. A report by Reuters says that it is planning to build its largest store outside of China in Saudi Arabia.
Huawei’s operating system HongmengOS for China and HarmonyOS for the rest of the world is not a copy of either Android or iOS. One of Huawei’s top managers, Wang Chenglu, president of Huawei’s consumer software division, spoke about this in a speech to reporters. HarmonyOS for smartphones is being considered as an alternative to Android. Earlier, there were information on the network that the first release of HarmonyOS 2.0 for smartphones will be based on Android.
The Governments of Nigeria and China are deliberating direct flights. Minister of Foreign Affairs, Geoffery Onyeama, said this on Tuesday in Abuja.
Where’s Jack? Alibaba and Ant founder Jack Ma has not been seen for a couple of months. Amid Beijing’s crackdown on both the financial technology and e-commerce empires, keeping a low profile is probably prudent. A history of Chinese tycoons mysteriously disappearing, though, justifies concern.
Apple removed 39,000 game apps on its China store Thursday, the biggest removal ever in a single day, as it set year-end as deadline for all game publishers to obtain a licence.
Sinopharm, a Chinese drugmaker said on Wednesday that its coronavirus vaccine was found to be 79.3-per-cent effective in preliminary data from the final round of testing before approval.
A Hong Kong teenager was ordered to spend four months in prison on Tuesday for insulting China’s national flag and unlawful assembly as Beijing increasingly targets prominent activists from the financial hub.