China Passes Law Protecting Cryptocurrency Inheritance. “Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law.”
Bitcoin.com, 30th May
China’s first home-built aircraft carrier begins sea trials. “China’s first domestically built aircraft carrier has begun sea trials to test weapons and equipment capabilities and sharpen training for its crew, the Chinese defence ministry has said.”
Hindustan Times, 30th May
How much money does the world owe China? “Between 2000 and 2017, the world’s debt obligations to China rose from $500bn to a staggering $5 trillion – about six percent of the world’s economic output – according to the Kiel Institute for the World Economy.”
Al Jazeera, 30th May
Australian farmers take the China trade stoush in their stride. “Just as many Australian farmers had mostly finished sowing, Beijing’s 80% tariff imposed on our second biggest crop – barley – hit like a tonne of bricks.”
The Guardian, 30th May
China, India don’t need US help on their frictions. “The latest dispute can be solved bilaterally by China and India. The two countries should keep alert on the US, which exploits every chance to create waves that jeopardize regional peace and order.”
Global Times, 28th May
CY Leung urges HSBC account holders to be wary. “Former Chief Executive CY Leung has said those with HSBC bank accounts, especially Hong Kong officials and delegates to mainland parliamentary bodies, should be wary of continuing the account with the bank.”
RTHK, 29th May
How China Is Planning to Win Back the World. “As its global image takes a big hit, the Chinese Communist Party is using an arsenal of spin, obfuscation, hyperbole, and outright disinformation to win back its reputation.”
The Atlantic, 28th May.
Dylan is the founding editor of The Politburo and is an Assistant Professor at Nanyang Technological University. Views expressed are his own and do not represent the views of his employer.