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Share to Twitter Share to Linkedin China’s launch of the digital yuan has prompted a scramble in Northeast Asia among central banks to assess the merits of CBDCs. Japan, South Korea and Taiwan are all at different stages of CBDC testing that they likely never would have begun if it were not for Beijing’s determination to develop a digital fiat currency. That begs an important question: Does the rest of Northeast Asia need CBDCs? After all, the respective initiatives of Japan, South Korea and Taiwan are inherently reactive, in contrast to Beijing’s proactive approach. The People’s Bank of China (PBoC) created the e-CNY for specific reasons that speak to long-term strategic objectives of the central government: domestically, to strengthen resilience in a payments ecosystem dominated by Big Tech (Alipay and Tenpay) and gain greater control over the digital money supply, while in the cross-border space the aim is to gradually boost the renminbi’s global reach … [Read more...] about Why Northeast Asia-Ex China Is Ambivalent About CBDCs

Hillary Clinton’s newest campaign promise to install half a billion solar panels across the country has been praised by liberal media outlets and environmentalists , but could this pledge end up benefiting China? On Sunday, Democratic presidential candidate Hillary Clinton promised to install half a billion solar panels by the end of her first term and get the U.S. to a point where it can generate enough green energy to power every home in the country. “Through these goals, we will increase the amount of installed solar capacity by 700% by 2020, expand renewable energy to at least a third of all electricity generation, prevent thousands of premature deaths and tens of thousands of asthma attacks each year, and put our country on a path to achieve deep emission reductions by 2050,” Clinton’s website boasts . While there’s no doubt U.S. companies and green energy interests would benefit from the “competitive grants and other market-based incentives” Hillary promises to … [Read more...] about Will Hillary’s ‘Half A Billion Solar Panels’ Promise Send Billions To China?

Choi Ji-Man talks to reporters at Incheon International Airport in Incheon on Jan. 8. [NEWS1] Choi Ji-man has been dropped from the Korean team for World Baseball Classic 2023 after his MLB team, the Pittsburg Pirates, objected to his participation on medical grounds. Choi, the most seasoned Korean batter playing in the big leagues, was named to the Korean squad for the tournament last month. With previous Korean rosters often overlooking players without any KBO experience, Choi had never been called up to represent Korea before. “I feel hungry because I have never put on a Taeguk mark before,” Choi Ji-man told reporters at Incheon International Airport on Jan. 8 before he departed to the United States for the MLB preseason. The Pirates opted to block Choi Ji-man's participating on medical grounds as he is still undergoing rehabilitation following elbow surgery last year. Korean national baseball team manager Lee Kang-chul replaced Choi Ji-man, a first baseman, with SSG … [Read more...] about Choi Ji-man dropped from Korean roster for World Baseball Classic

Share to Twitter Share to Linkedin InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here . C VS Health announced its plans to acquire Oak Street Health in a $10.6 billion deal on Wednesday, as the pharmacy retailer and parent company of health insurer Aetna looks to expand its reach into primary care. As Forbes senior contributor Bruce Japsen writes , the move comes amid a broader primary care clinic buyout wave by other retailers. This includes Amazon’s $3.9 billion bid for One Medical in July and investments by Walgreens Boots Alliance and health insurer Cigna in VillageMD. The deal values Oak Street at $39 per share, which is 16% above the $33.68 share price at Tuesday’s market close. The Chicago-based company, which employs 600 primary care providers across 169 medical centers, enters into value-based contracts with insurers to manage the care of seniors in the Medicare program. The company … [Read more...] about InnovationRx: CVS Bid For Oak Street; Plus, Covid Strains In Beijing