Days are gone when Chinese consumers carried large plastic bags of cash to pay for houses, cars, international trips, and other big-ticket purchases. Credit cards are big among especially younger consumers, says Shanghai-based business analyst Shaun Rein at the WSJ.Read More →
Andrew Gaule discusses with marketing expert Ashley Dudarenok how China leapfrogged over the past 15 years in innovation and marketing, leaving many of the Western competitors behind, often forcing them to leave China.Read More →
China leapfrogged ahead in developing technology by using advantages through mobile-first, blockchain and AI, tells technology analyst Winston Ma in an interview with state-owned CGTN. How China got a headstart in new technology compared to the US, now followed by the digital currency.Read More →
China financial authorities have started to introduce the digital yuan in January, but financial analyst Winston Ma sees more has to happen to seduce a billion Chinese internet users to use the virtual currency, he tells at CNBC. And what is the goal of China’s central bank?Read More →
After provincial authorities started to limit operations of cryptocurrencies earlier this year, last week a full ban was issued by 10 ministries. Financial analyst Winston Wenyan Ma explains Bloomberg what the central government is doing to cryptocurrencies, the relation with the upcoming digital currency and its possible fallout on a global level.Read More →
China’s financial authorities have been cracking down massively on cryptocurrencies and last week saw a new escalation in that struggle, says financial expert Winston Ma to NPR. “When you have 10 ministries involved – right? – that’s very serious,” Ma says.Read More →
China is on track to launch its digital e-yuan currency ahead of the Beijing 2022 Winter Olympics, despite major shocks like the possible demise of financial giant Evergrande, says financial expert Winston Ma at The Street.Read More →
China’s Ant group went to great length in explaining its non-fungible tokens (NFT’s) are something completely different from the cryptocurrencies the government is targeting. Is it a smart way to avoid government measures? Fintech expert Winston Wenyan Ma highlights the dilemma created by Ant’s NFT, he tells Reuters.Read More →
Provincial governments in Sichuan, Xinjiang, Inner Mongolia, and Yunnan have been cracking down on bitcoin mining, but it is not alone because of the usage of coal to generate cheap electricity, says strategic advisor Winston Wenyan Ma to Reuters.Read More →
China issued new regulations on mining and trading of cryptocurrencies over the past few weeks. Financial analyst Winston Wenyan Ma explains how this works out, and why China’s crackdown has such a big impact on the industry worldwide, at LCX. China now covers 70% of the global market.Read More →
The cryptocurrency market has been disrupted by interventions by China’s governments, but it certainly does not mean a full-blown ban on digital currencies, says financial analyst Winston Wenyan Ma, former managing director at China Investment Corporation (CIC), adjunct professor at NYU, and investor. The government is still defining the scope of digital currencies, and focuses on minging and trading, and is certainly no banning ownership, he says at Verify.Read More →
When cryptocurrencies like bitcoins become too powerful, governments will simply outlaw them, says senior investor Jim Rogers to Kitco. They will not accept competition for their currencies.Read More →