China: Latest News

All news where China is mentioned

Digital loonie? Bank of Canada wants your thoughts on potential new currency - globalnews.ca - China - India - Canada - county Canadian
globalnews.ca
46%
835
Digital loonie? Bank of Canada wants your thoughts on potential new currency
Bank of Canada wants to know what Canadians think about the possibility of a digital loonie.Consultations on what Canadians would like to have included in a digital currency are open online from May 8 until June 19, the Bank of Canada said Monday.The central bank notes, however, that the decision to launch a digital version of the Canadian dollar remains in the hands of Parliament and physical coins and banknotes aren’t going anywhere.Compared to private cryptocurrencies like Bitcoin, which can sometimes fluctuate in value like a stock, a digital currency backed by the central bank would not be subject to the same level of volatility — it would always retain the same value as a Canadian dollar.The central bank wants to know how Canadians would use a hypothetical digital currency, as well as any concerns they have about security and accessibility.While the Bank reassured Canadians in its announcement that physical banknotes will always be available to those who want them, it said in a release Monday there could be a future where cash transactions are not common in day-to-day banking, which could inadvertently exclude some from the financial system.There is currently no need for a digital currency in Canada, the central bank said in the release.But it added that if other central banks or private organizations eventually adopt their own digital currencies — China and India are two such countries that have already taken the step — falling behind could be a risk to Canada’s economy and the stability of the financial system.“As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy,” Carolyn Rogers, senior deputy governor at the central bank, said in a statement.
Mercedes Stephenson - Nova Scotia Shooting - RCMP ‘will be successful’ in laying more interference charges: interim chief - globalnews.ca - China - Canada - county Stephenson
globalnews.ca
38%
354
RCMP ‘will be successful’ in laying more interference charges: interim chief
RCMP says he would support additional laws that allow police to further crack down on foreign interference in Canada, as well as ways to further collaborate with intelligence officials on the issue.But Mike Duheme adds multiple investigations remain underway that he’s confident will lead to criminal charges, though he did not give specifics.“When you ask any police officers if we can have more laws — if we can have additional legislation that would ensure that it would assist us as we move forward, but also ensure the safety of the public and of Canadians — I’d say yes, I’m favorable for that and very supportive,” Duheme told Mercedes Stephenson in an interview that aired Sunday on The West Block. Read more: On foreign interference, Canada playing ‘whack-a-mole’ to China’s chess: expert He pointed to the case in November where a Hydro-Quebec employee was charged with alleged espionage on behalf of China as an example of a successful RCMP investigation into foreign interference.“We were successful in laying charges against this individual, and we have other files that are moving forward that we will be successful in laying charges,” said Duheme, who was previously deputy commissioner of federal policing and oversaw foreign interference investigations as part of his mandate.Duheme would not say if those charges were related to the alleged Chinese-operated “police stations” the RCMP says it is investigating in the Toronto, Vancouver and Montreal areas.He said those investigations are ongoing and urged anyone with information to reach out to investigators.
Justin Trudeau - Michael Kovrig - Michael Spavor - Han Dong to sit as Independent MP following ‘serious’ allegations in new report - globalnews.ca - China - city Beijing
globalnews.ca
35%
783
Han Dong to sit as Independent MP following ‘serious’ allegations in new report
Han Dong announced Wednesday night he is leaving the Liberal caucus and will sit as an Independent member of Parliament.His remarks in the House of Commons came hours after Global News reported that Dong privately advised a senior Chinese diplomat in February 2021 that Beijing should hold off freeing Michael Kovrig and Michael Spavor, according to two separate national security sources.“I have informed the prime minister and the leadership of the Liberal Party caucus that I will be sitting as an Independent at the conclusion of these remarks,” he said.“Mr. Speaker, I am in your hands as to what happens next.” Read more: Liberal MP Han Dong secretly advised Chinese diplomat in 2021 to delay freeing Two Michaels: sources Dong emphatically denied the allegations against him in remarks directed both to the House and the families of Kovrig and Spavor, who were detained in China for over three years on allegations of espionage.“The allegations made against me are as false as the ones made against you,” he said, referring to Kovrig and Spavor.“Let me assure you, as a parliamentarian and as a person, I have never and would never advocate or support the violation of the basic human rights of any Canadian — of anyone, anywhere, period.”He broke down in tears as he concluded his remarks by thanking his family.
Ranil Wickremesinghe - IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn - newsfirst.lk - China - Usa - India - Sri Lanka
newsfirst.lk
47%
232
IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn
COLOMBO (News 1st); The IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF) that will enable Sri Lanka to access up to $7 billion in funding, reported the President's Media Division.President Ranil Wickremesinghe has expressed his gratitude for the support of the IMF and other international partners, said the PMD.It added that the President committed to full transparency in all discussions with financial institutions & creditors, & to achieve sustainable levels of debt through prudent fiscal management & an ambitious reform agenda.The IMF program is critical to achieving this vision & will help to improve Sri Lanka's standing in international capital markets, making it an attractive country for investors, talent, & tourists, said the President's Media Division.Earlier this month, Sri Lanka received IMF-compatible financing assurances from its official creditors, including Paris Club members, India and China, allowing the IMF to convene an Executive Board and consider Sri Lanka’s request for a loan.The program is expected to provide much-needed policy space to drive the economy out of the unprecedented challenges and instill confidence amongst all the stakeholders.President Ranil Wickremesinghe welcomed the announcement:“In the 75 years of Sri Lanka’s independence, there has never been a more critical period for ou economic future. Our official creditors have declared their support following continuous and positive engagements over the last few months, and we are pleased that the IMF Executive Board approved our program, enabling Sri Lanka to access up to US$ 7 billion in funding from the IMF and IFIs.
DMCA