Yuan

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China to Launch $40 Billion State Fund to Boost its Semiconductor Industry

By Abdullah Shahid ⏐ 2 years ago ⏐

2 min read

China is trying hard to achieve self-sufficiency in semiconductors as US and allies roll out sweeping sanctions cutting China’s access to advanced chip making equipment…

China Digital Currency:e-CNY Wallet Borrows Alipay And WeChat Pays Electronic Red Packet Feature

By Senoria Khursheed ⏐ 3 years ago ⏐

3 min read

The e-CNY app enables users to send each other a digital red packet filled with Yuan. The process is known as hongbao in mainland China.…