A Chinese city is handing out $1.5 million in digital ‘red envelopes’ to lottery winners to trial a cashless society



a view of a city with tall buildings in the background: Futian district in Shenzhen, China. A different district, Luhou, took part in the digital currency pilot. Prisma by Dukas/Universal Images Group via Getty Images


© Provided by Business Insider
Futian district in Shenzhen, China. A different district, Luhou, took part in the digital currency pilot. Prisma by Dukas/Universal Images Group via Getty Images

  • Authorities in Shenzhen, southern China, have handed out $1.5 million of a new digital currency as part of a trial of a cashless society.
  • Last Friday authorities gave 50,000 lottery winners the equivalent of $30 each to spend digitally by October 16, the state-run China Daily reported Monday.
  • The digital currency is not like a cryptocurrency, and is issued and controlled by China’s central bank, the People’s Bank of China.
  • The PBoC said it plans to formally launch the digital payment system in late 2020, according to the BBC.
  • Visit Business Insider’s homepage for more stories.

A Chinese city has handed out 10 million yuan, or $1.5 million, in digital currency to trial what citizens would do in a cashless society.

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Disney Defends ‘Mulan’ Credits That Thanked Chinese Government Entities Involved in Human Rights Abuses

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Disney’s president of film production Sean Bailey defended the controversial credits for the new live-action “Mulan” film, which thanked Chinese government entities directly involved in perpetuating human rights abuses in Xinjiang, as being part of “standard practice across the film industry worldwide,” according to a letter addressed to and posted online by prominent British politician Iain Duncan Smith.

The choice to film in the region was made for reasons of “authenticity,” Bailey explained.

Disney made global headlines when “Mulan,” released to its Disney+ platform on Sept. 4, gave “special thanks” during the film’s end credits to eight different Chinese government departments

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lying Huawei works for Chinese government

Britain’s parliamentary Defense Select Committee has a new report, The Security of 5G, which exposes Huawei.

The Chinese telecommunications company has faced significant Trump administration restrictions in response to its covert support of Chinese government interests. After previously authorizing Huawei to help build out its 5G network, the British government reversed course earlier this year, requiring Huawei to suspend all U.K. 5G operations by 2027. The Defense Committee report says that the government should consider expediting its 2027 timetable. Huawei, the committee says, is clearly just an arm of the Chinese government.

This finding is not anything new per se. The evidence of China’s funding and direction of Huawei is mostly classified but overwhelming in evidentiary quality. Sometimes it is obvious and quite amusing. But the basic point is that Beijing intends to use Huawei’s access to global 5G networks to advance its market dominance in critical economic sectors,

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Messner’s Law Firm Represented State-Run Chinese Insurer | New Hampshire News

By HOLLY RAMER, Associated Press

CONCORD, N.H. (AP) — Republican Senate candidate Corky Messner takes a hard line against China in his campaign, but his law firm once represented an insurance company run by the Chinese government that sued a U.S. manufacturer.

Messner, who hopes to unseat Democratic U.S. Sen. Jeanne Shaheen next month, is a founding partner of Messner Reeves, a Denver-based law firm with offices in five states. On the campaign trail, he is a frequent critic of China, blaming it for the coronavirus pandemic and calling it a rogue country that has damaged U.S. manufacturing.

“We need to bring back the economy so our families can preserve the American dream,” he says in a recent ad touting his economic plan. “In my USA Plan, we can provide incentives to American business to bring manufacturing jobs back to the United States from China – and create manufacturing jobs

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Messner’s law firm represented state-run Chinese insurer

CONCORD, N.H. (AP) — Republican Senate candidate Corky Messner takes a hard line against China in his campaign, but his law firm once represented an insurance company run by the Chinese government that sued a U.S. manufacturer.



This 2020 photo provided by his campaign shows Bryant "Corky" Messner, Republican candidate for U.S. Senate in the Sept. 8, 2020, New Hampshire primary election.(Amanda Biundo/Corky for Senate Campaign via AP)


© Provided by Associated Press
This 2020 photo provided by his campaign shows Bryant “Corky” Messner, Republican candidate for U.S. Senate in the Sept. 8, 2020, New Hampshire primary election.(Amanda Biundo/Corky for Senate Campaign via AP)

Messner, who hopes to unseat Democratic U.S. Sen. Jeanne Shaheen next month, is a founding partner of Messner Reeves, a Denver-based law firm with offices in five states. On the campaign trail, he is a frequent critic of China, blaming it for the coronavirus pandemic and calling it a rogue country that has damaged U.S. manufacturing.

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“We need to bring back the economy so our families can preserve the American dream,” he says in a

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Former Chinese government official ran TikTok’s content policy as app went global

A former Chinese government official in his late twenties was in charge of deciding what content should be allowed on TikTok as the short-video app became a smash hit around the world, according to two people close to the company.

Cai Zheng, who worked in China’s embassy in Tehran for four years according to a now deleted LinkedIn profile, ran ByteDance’s global content policy team in Beijing until early this year, when the company accelerated a move to let its biggest markets make their own decisions about what videos should be removed. 

The revelation that Mr Cai was at the heart of TikTok’s policymaking team raises questions about repeated denials from ByteDance, the app’s Beijing-based owner, that the Chinese government has any influence over TikTok’s operations. 

TikTok has been painted as a security threat to the US by Donald Trump and the app is trying to restructure its ownership and

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U.S. Government Sanctions Chinese Chipmaker SMIC, FT Reports

(Bloomberg) — The U.S. imposed sanctions on Semiconductor Manufacturing International Corp., the Financial Times reported, amid escalating tensions with China over intellectual property and national security.





Exports to China’s largest chipmaker pose an “unacceptable risk” of being diverted to “military-end use,” the London-based newspaper said Saturday, citing a U.S. Department of Commerce letter to the company. Firms will need licenses in order to export technology products to SMIC, the paper said.

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SMIC has not received an official notice of the sanctions, the company said in an emailed statement. The Shanghai-based firm added that it has no relationship with the Chinese armed forces and does not manufacture for any military end-users or end-uses.

The move follows the U.S. ban on Huawei Technologies Co. last year, which prevented the company from buying American tech, including chips. SMIC’s customers include U.S. chipmakers Qualcomm Inc. and Broadcom Inc., according to Bloomberg data.

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Chinese And What Is Their Contribution To Thailand?

A world without compassion is like a tree without root. Individuals may wish to seek the advice of my article on gynocentrism to understand the mechanics behind why society so simply slides into seeing girls as damsels in distress and perpetual victims, in fixed need of saving from “oppressive” and “evil” men and the mythical Western “patriarchy”.

In other words Class could possibly be defined as an indication of the positions a person could occupy inside society, positions which are not , as a way to evaluation social classes in a society, it’s necessary to elucidate that how these assets are distributed and make social courses.

The male counterparts of this feminine archetype include the social activist and the well being soldier. Actually, these two phrases are one of the reasons that make females to be considered nothing in most African nations. More than eight million Thai-Chinese in Thailand right … Read More