WuBlockchain Weekly: China Unveils Massive Stimulus Measures, Harris Integrates Cryptocurrency into Her, etc
1. Chinese Stock and Bond Markets Surge, CNY Reaches 16-Month High Against the Dollar link On Tuesday, China’s central bank announced its largest stimulus measures since the pandemic began, aiming to lift the economy out of deflation and return to government growth targets. The measures include reducing borrowing costs, injecting more funds into the economy, and alleviating the mortgage repayment burden on households. As a result, Chinese stock and bond markets rose, with Asian stocks hitting a two-and-a-half-year high. Additionally, the renminbi surged to a 16-month high against the US dollar. 2. Harris Commits to Establishing U.S. Dominance in the Blockchain Sector link During a speech at the Pittsburgh Economic Club on Wednesday, U.S. Vice President Kamala Harris stated that under her leadership, the U.S. will “recommit” to maintaining global leadership in defining the next century, emphasizing the need to dominate fields such as artificial intelligence, quantum computing, blockchai...
