Weimin Chen

The Lede: BNP Paribas will partner with the Bank of China (BOC) to allow their corporate customers to transact in digital yuan What We Know: * The partnership connects BNP Paribas China with BOC to launch a digital yuan (e-CNY) management system for its corporate clients that links e-CNY wallets to

The Lede: Democrats in the Senate launched a bill aimed at countering China, which complements similar legislation signed into law last year. What We Know: * The China Competition Bill 2.0 revolves around five key policy areas: (1) Limiting the flow of advanced technology to the Chinese Government. (2) Curtailing

The Lede:  U.S. Ambassador to China, Nichols Burns, made comments that convey Washington’s desire to re-engage diplomatic channels with China. What We Know: * Ambassador to Burns spoke at an event organized by the Stimson Center, a think tank in Washington, where he highlighted the need for high-level talks

The Lede: Taiwan’s economy has slipped into a recession following the release of GDP data for the first quarter. What We Know: * Taiwan’s Directorate General of Budget, Accounting, and Statistics—the highest authority in charge of the budget—estimated that its economy shrank by 3.02% from January

The Lede: Japanese prime minister Fumio Kishida is on a weeklong tour of Africa in a bid to counter China’s growing influence in key countries What We Know: * The prime minister’s agenda on his weeklong tour in Africa includes visits with Egyptian president Abedl Fatteh el-Sisi, Mozambican president

The Lede: A probe of Bain & Company is the latest in a series of actions taken by Chinese authorities on foreign companies and employees operating in China. What We Know: * Chinese police have questioned the staff of U.S. consultancy Bain & Company at their Shanghai offices. The parties