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Ant Group and Tencent work with China's central bank to push forward digital yuan

SOURCE / ECONOMY
By Global Times Published: Apr 26, 2021 12:35 AM
Some Shanghai shopping malls and vending machines in subway stations are allowing customers to purchase products using digital yuan. Photo: Yang Hui/GTChinese fintech giants, Ant Group and Tencent, both announced further cooperation with China s central bank to move forward with the country s digital yuan on Sunday, vowing to provide active support to the roll out of the country s digital currency.
The Digital Currency Research Institute of the People s Bank of China (PBC) announced during the Fourth Digital China Summit, held in East China s Fujian Province, the signing of a technical strategic cooperation agreement with Ant Group to move forward with the building of a technical platform for the digital yuan, the Chinese digital currency that has been under rapid development and trials. ....

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Chinese PPE makers become greener, trying to limit pollution

SOURCE / COMPANIES
PPE producers aim for greener masks, use biodegradable materials
By Yin Yeping Published: Mar 02, 2021 09:16 PM
An employee of Chinese face mask maker Dasheng Health Products Manufacture Co works at the company s factory in Shanghai, East China on Friday. Photo: Yang Hui/GTChinese mask suppliers are taking the lead in promoting eco-friendly products in response to rising concerns over environmental pollution caused by soaring used masks and other types of personal protective equipment (PPE).
As the largest PPE producing and exporting country, China has been an active player in supporting the world with the much-needed anti-pandemic items when many parts of the world are still combating the pandemic. ....

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