China

Bitcoin tumbles after China terms digital tokens risky

Bitcoin suffered its steepest decline since January 2015 on Friday after a senior executive of China’s state-backed internet finance body said the controversial digital currency could pose risks be

China to set deadline to end sales of fossil-fuel-powered cars

Chinese government has confirmed that it is working to set a deadline for automakers to end production and sales of fossil-fuel-powered cars in order to accelerate the push into the e-car market.

Beijing’s central bank bans initial coin offerings

China’s central bank has announced an immediate ban on initial coin offerings (ICOs), also known as token sales, as the authorities plan to keep booming cryptocurrencies under control.

Ford signs MoU with Anhui Zotye to launch e-cars in China

Pushing ahead with its promise to provide customers with affordable electric vehicles, Ford Motors has signed a memorandum of understanding (MoU) with Anhui Zotye Automobile Co. Ltd. in China.

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